Skylight Health Announces Resignation of Board Member
Skylight Health Group (TSXV:SLHG; OTCQX:SLHGF) announced the resignation of Patrick McNamee from its Board of Directors, effective March 31, 2023. McNamee, who served as Chairman since March 2021, is leaving to pursue other opportunities. The company expressed gratitude for his two years of contributions. Skylight Health focuses on transforming healthcare delivery, shifting from a fee-for-service model to value-based care, thereby improving patient health outcomes and financial performance through advanced technology and data analytics.
- Appointment of new leadership can bring fresh perspectives.
- Focus on transitioning to value-based care may enhance patient outcomes and reduce operational costs.
- Resignation of Chairman may lead to concerns over leadership continuity.
- Potential experience gap on the Board after McNamee's departure.
TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Skylight Health Group Inc. (TSXV:SLHG; OTCQX:SLHGF) (“Skylight Health” or the “Company”) today announces that Patrick McNamee has resigned from the Company’s Board of Directors, effective March 31, 2023 to pursue other opportunities. Mr. McNamee had served as the Company’s Chairman of the Board since his appointment in March 2021.
The Board of Directors and the Company’s management team would like to thank Mr. McNamee for his contribution over the last two-years and wishes him all the best in his future endeavours.
About Skylight Health Group
Skylight Health Group (TSXV:SLHG: OTCQX:SLHGF) is a healthcare services and technology company, working to positively impact patient health outcomes. The Company operates a US multi-state primary care health network comprised of physical practices providing a range of services from primary care, sub-specialty, allied health, and laboratory/diagnostic testing. The Company is focused on helping small and independent practices shift from a traditional fee-for-service (FFS) model to value-based care (VBC) through tools including proprietary technology, data analytics and infrastructure. In an FFS model, payors (commercial and government insurers) reimburse on an encounter-based approach. This puts a focus on volume of patients per day. In a VBC model, the providers offer care that is aimed at keeping patients healthy and minimize unnecessary health expenditures that are not proven to maintain the patient’s well-being. This places an emphasis on quality over volume. VBC will lead to improved patient outcomes, reduced cost of delivery and drive stronger financial performance from existing practices.
Forward Looking Statements
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent our current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as "look forward," "believe," "continue," "building," or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the Canadian and United States securities regulators, including the Securities and Exchange Commission, available at: www.sec.gov, and Canadian Securities Administrators, available at www.sedar.com, and on our website, at skylighthealthgroup.com.
For more information, please visit our website or email us at investors@skylighthealthgroup.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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