HealthLynked Expands Telemedicine Nationwide

Rhea-AI Summary

HealthLynked Corp. (OTCQB: HLYK) has announced a strategic partnership with HC Smart, Inc. to expand its telemedicine services nationwide. This expansion, set to launch within four weeks, will offer reduced-cost telemedicine consultations to HealthLynked Network members across the United States. The service will include primary care consultations, specialist services like counseling and psychiatry, and flexible appointment scheduling for both in-office and telemedicine visits.

Premium members will enjoy discounts on telemedicine services, with calls expected to cost $50, significantly less than traditional in-office visits. HealthLynked plans to introduce discounted packages for multiple visits. This expansion aligns with the growing telemedicine market, projected to reach $286 billion by 2030 with a CAGR of 24.3%, positioning HealthLynked for potential market share growth.

Positive

• Nationwide expansion of telemedicine services, increasing market reach
• Reduced-cost telemedicine consultations for members, enhancing value proposition
• Integration of advanced telemedicine capabilities from HC Smart
• Flexible appointment scheduling for both in-office and telemedicine visits
• Planned introduction of discounted packages for multiple telemedicine visits
• Positioning in a rapidly growing telemedicine market with 24.3% CAGR

Negative

• None.

NAPLES, Fla., July 17, 2024 (GLOBE NEWSWIRE) -- via IBN – HealthLynked Corp. (OTCQB: HLYK), a global leader in healthcare network technology, today announced a strategic partnership with national telemedicine provider HC Smart, Inc. to extend HealthLynked's telemedicine services across the United States. This expansion, set to go live within the next four weeks, is expected to significantly enhance HealthLynked's offerings and accessibility.

Expansion Overview

This pivotal collaboration will integrate HC Smart's advanced telemedicine capabilities into HealthLynked's existing platform, providing nationwide coverage to all HealthLynked members. By offering reduced-cost telemedicine consultations as part of HealthLynked's membership program, this initiative ensures that HealthLynked Network members can access high-quality healthcare from the comfort of their homes. Previously confined to Florida, this nationwide rollout marks a significant milestone in HealthLynked's mission to make healthcare more accessible and affordable.

Enhanced Service Offerings

HealthLynked's telemedicine expansion includes a comprehensive range of services designed to meet diverse patient needs:

• Primary Care Consultations: Accessible general health consultations with certified primary care providers.
• Specialist Services: Including counseling, psychiatry, and dermatology, ensuring specialized care is available to all members.

Flexible Appointment Scheduling

HealthLynked allows for booking both in-office and telemedicine appointments, offering patients the flexibility to choose the most convenient option. This integration streamlines the process, making it as simple to book a medical appointment as reserving a table at a favorite restaurant.

Membership Benefits

Premium members will enjoy discounts on telemedicine services and access to various membership plans. The current membership plan includes concierge services such as medical profile setup, nurse chat, online appointment booking, medical record management, and more. At this membership level, telemedicine services are expected to launch at $50 per call, a significant saving compared to the typical cost of an in-office visit or walk-in clinic, which can range from $200 to $300.

HealthLynked plans to introduce programs offering discounted rates on telemedicine visits, allowing users to save by purchasing multiple visits upfront. These packages cater to various healthcare needs, enabling users to choose a plan based on their anticipated usage over the course of a year. By buying more visits in advance, users can effectively manage healthcare costs while ensuring convenient access to medical care.

Executive Statements

Dr. Michael Dent, CEO of HealthLynked, commented: "The healthcare landscape is rapidly evolving as patients demand more affordable and convenient healthcare solutions. Traditional methods of seeing a provider often involve numerous value-eroding steps, such as finding a doctor that is located nearby, making an appointment, gathering medical records, and ensuring the doctor accepts their insurance. HealthLynked has addressed these pain points by simplifying the process of finding a doctor, booking appointments, and managing medical records. With the expansion of our telemedicine service, we are increasing the value-capturing solutions that allow patients to see a healthcare provider more conveniently and at a lower cost. Unlike other telemedicine providers, HealthLynked connects in-office appointments with telemedicine visits, allowing patients to seamlessly share their care with local healthcare providers after a remote consultation."

Edward Mandel, CEO of HC Smart, added: "We are thrilled to partner with HealthLynked to bring our advanced telemedicine capabilities to a broader audience. This collaboration aligns with our mission to innovate and enhance healthcare delivery, ensuring patients receive timely and efficient care regardless of their location. Together, we are setting new standards for telemedicine services in the United States."

Investor Insights

For investors, this expansion represents a significant growth opportunity in the expanding telehealth market. By leveraging HealthLynked's robust data integration and AI capabilities, the company not only differentiates itself but also is well-positioned to capture a larger market share from pure monoline telemedicine providers. According to a year-end 2023 research report by Grandview Research, the telemedicine market is projected to grow at a compound annual growth rate (CAGR) of 24.3%, reaching $286 billion by 2030, underscoring the substantial growth potential for HealthLynked's innovative solutions.

About HC Smart

HC Smart, Inc. is a national expert and service provider in telemedicine and health concierge services. Their mission is to deliver optimized health concierge solutions to save healthcare costs, provide immediate care, and promote wellness. They offer services such as 24/7 access to licensed physicians via phone, email, or video, avoiding crowded waiting rooms, and treating common ailments from home. Their offerings include the MD Hotline™ Concierge for individuals and groups, and a personal health and wellness program.

For more details, visit HC Smart.

About HealthLynked

HealthLynked Corp. is dedicated to improving global community health. Our mission is to transform healthcare into a system marked by enhanced efficiency and improved care for all, leveraging cutting-edge technology and connectivity that places patients at the heart of their own healthcare journey. The HealthLynked Network is a sophisticated, cloud-based platform designed to facilitate the seamless exchange of medical information among patients and healthcare providers. By centralizing and securing medical data, the HealthLynked Network allows patient members to take an active role in managing their healthcare with unparalleled ease and efficiency, while offering providers an environment where they can gain valuable insights into practice operations, enhance patient compliance and optimize scheduling. 

For more information about HealthLynked Corp., including details on how to become a part of our growing community, please visit our website at www.healthlynked.com. Connect with us on social media through Twitter, Facebook, Instagram, and LinkedIn to stay updated on our latest innovations and services. Download the HealthLynked App for Apple or Android.

Forward-Looking Statements & Risk Factors

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, including as a result of any acquisitions, performance, or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by our management, and us are inherently uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Certain risks and uncertainties applicable to our operations and us are described in the "Risk Factors" section of our most recent Annual Report on Form 10-K and in other filings we have made with the U.S. Securities and Exchange Commission. These reports are publicly available at www.sec.gov.

Investor Relations Contact:

Michael Paisan, Director of Investor Relations

Phone: 1-800-928-7144, ext 123

Email: ir@healthlynked.com

Website: www.healthlynked.com

Corporate Communications:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

FAQ

What is HealthLynked's new telemedicine expansion plan for HLYK stock?

HealthLynked (HLYK) is expanding its telemedicine services nationwide through a partnership with HC Smart, Inc. This expansion will offer reduced-cost telemedicine consultations to HealthLynked Network members across the United States, including primary care and specialist services.

When will HealthLynked's nationwide telemedicine services be available?

HealthLynked's nationwide telemedicine services are set to go live within four weeks from the announcement date of July 17, 2024.

How much will HealthLynked's telemedicine consultations cost for HLYK members?

For premium members, HealthLynked's telemedicine services are expected to launch at $50 per call, which is significantly less than the typical cost of an in-office visit or walk-in clinic ($200 to $300).

What services will be included in HealthLynked's expanded telemedicine offerings?

HealthLynked's expanded telemedicine services will include primary care consultations, specialist services such as counseling, psychiatry, and dermatology, as well as flexible appointment scheduling for both in-office and telemedicine visits.