HealthLynked Provides Financial Update
HealthLynked Provides Financial Update
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NAPLES, FL -- June 21, 2023 -- InvestorsHub NewsWire -- HealthLynked Corp. (HLYK), a leading global healthcare network, today announced the receipt of a
Significant Milestone Achieved in AHP Sale
HealthLynked earned a
Pursuant to the terms of the AHP sale, HealthLynked will also receive the net proceeds, including allocation for expenses, from any Medicare Shared Savings related to AHP's performance year 2022. Based on current metrics for the completed performance year, HealthLynked expects that its net receipts from AHP's 2022 Medicare Shared Savings will exceed
Impressive Continued Growth of Medical Membership and Concierge Program
In December 2022, HealthLynked announced the initial results of the Medical Membership and Concierge programs launched by its Naples Center for Functional Medicine subsidiary in September 2022, including total incremental annualized revenue of over
Chief Executive Officer Michael Dent, M.D., stated, "We celebrate our successful partnership with PBACO. With this significant milestone payment behind us, we continue to focus on growing our nationwide healthcare network using our newly improved app, a game-changer in enhancing the healthcare journey for patients."
George O'Leary, HealthLynked's Chief Financial Officer, continued, "We anticipate continued success in meeting future milestones in the coming months and quarters, which along with the strong growth in our Medical Membership and Concierge program, provides additional working capital for our core healthcare technology business and solidifies our balance sheet, including both our cash and our net equity positions."
About HealthLynked
HealthLynked Corp. is revolutionizing the healthcare landscape by providing an innovative cloud-based platform that bridges the gap between patients and providers through the efficient exchange of medical information. Our mission is to place patients in the driver's seat of their healthcare journey.
Our HealthLynked application, accessible at no cost to patients, serves as a comprehensive repository for their medical information - spanning from medications, allergies, past surgeries to personal health records. This information can be securely compiled and easily accessed in one convenient location, enhancing the quality and efficiency of healthcare services received.
Moreover, HealthLynked provides an upgraded concierge service for individuals and families at a nominal fee starting as low as
Healthcare providers can connect with their current and potential patients through our platform. Additionally, we offer two unique mobile check-in options, including our patented Patient Access Hub (PAH), which is designed to streamline the patient experience while providing insightful patient analytics to in-network providers.
Our comprehensive suite of HLYK marketing tools, accessible through a modest monthly fee, offers myriad benefits to preferred providers. These benefits include fostering stronger connections with both active and inactive patients to improve retention, enabling more efficient online scheduling, and facilitating the rapid filling of last-minute cancellations with our "real-time appointment scheduling" feature.
For a comprehensive tour of the HealthLynked app, please visit our website at www.healthlynked.com. If you're interested in experiencing our innovative healthcare management solutions firsthand, download our app from the Google Play Store or the Apple App Store.
Stay engaged with us on our social platforms for the latest updates and insights. Connect with us on Twitter Facebook Instagram LinkedIn.
Join us in transforming the healthcare landscape.
Forward-Looking Statements & Risk Factors
This press release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements, which are not historical facts but predictions based on current expectations, estimates, and assumptions, are subject to risks and uncertainties that could cause actual results and performance to differ materially. Forward-looking statements
should not be read as guarantees of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved.
We strongly advise against undue reliance on these forward-looking statements and undertake no obligation to publicly update any of these in light of new information, future events, changes in assumptions or changes in other factors affecting such statements, except as required by law. For a detailed description of the risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, please refer to the "Risk Factors" section of our most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission, publicly available at www.sec.gov.
HLYK Contact:
George O'Leary
Chief Financial Officer
goleary@healthlynked.com
+1 (800)-928-7144, ext. 103
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