- WELL's Omni-channel patient visits1 and interactions
metrics are an important leading indicator to demonstrate the
health of WELL's operational and financial performance.
- The Company expects to announce another record performance for
total omni-channel patient visits1 in Q4-2022 reflecting
approximately a YoY increase of 42% and a QoQ growth of 11%. WELL's
growth was primarily driven by organic growth.
- The Company also achieved ~4.9 million patient interactions for
the full year 2022, an increase of 86% as compared to 2021.
VANCOUVER, BC, Feb. 23,
2023 /CNW/ - WELL Health Technologies Corp. (TSX:
WELL) (OTCQX: WHTCF) ("WELL" or the "Company"),
a digital health company focused on positively impacting health
outcomes by leveraging technology to empower healthcare
practitioners and their patients globally, is pleased to provide a
preview of the volume of its patient visit and interactions in
WELL achieved a total of 991,268 omni-channel patient
visits1 in Q4-2022, representing a year-over-year
increase of 42% compared to Q4-2021, and an 11% increase compared
to Q3-2022. In addition, WELL conducted 180,342 diagnostic visits
in Q4-2022, and completed 186,045 asynchronous patient
consultations. Combining WELL's omni-channel patient
visits1, diagnostic visits and asynchronous patient
consultations, WELL achieved a total of 1,357,655 patient
interactions in Q4-2022.
For the full year, WELL achieved a total of approximately 3.5
million omni-channel patient visits1 and 4.9 million
patient interactions in 2022. Omni-channel patient
visits1 grew 50% in 2022 compared to the prior year, and
total patient interactions grew 86% over the same time period. This
growth was driven through a combination of acquisitions and organic
Hamed Shahbazi, Chairman and CEO
of WELL commented, "I'm very proud of our care provider team as
well as the technology and provider support teams for the strong
growth in patient care this past quarter reflecting strong organic
growth and yet another record performance. Not only did we continue
to grow but we were able to maintain industry leading NPS scores.
To our knowledge, these metrics position WELL as the Canadian
market leader in delivering omni-channel patient
visits1. This growth is just the beginning for
WELL. We are confident that with our focus on quality,
innovation, and patient-centered care, we will continue to see
strong growth in patient numbers and further establish ourselves as
a leading healthcare provider."
visits1 is defined by all patient visits generated by
all sources and channels. This includes any patient visits
delivered by a WELL healthcare practitioner (inclusive of in-person
or virtual) or a non-WELL practitioner but facilitated by WELL's
virtual care tools. This figure does not include visits for
diagnostic testing consultations or any asynchronous physician
WELL HEALTH TECHNOLOGIES CORP.
Chief Executive Officer, Chairman and Director
About WELL Health Technologies
WELL is a practitioner focused digital healthcare company whose
overarching objective is to positively impact health outcomes to
empower and support healthcare practitioners and their patients.
WELL has built an innovative practitioner enablement platform that
includes comprehensive end to end practice management tools
inclusive of virtual care and digital patient engagement
capabilities as well as Electronic Medical Records (EMR), Revenue
Cycle Management (RCM) and data protection services. WELL uses this
platform to power healthcare practitioners both inside and outside
of WELL's own omni-channel patient services offerings. As such,
WELL owns and operates Canada's largest network of
outpatient medical clinics serving primary and specialized
healthcare services and is the provider of a leading
multi-national, multi-disciplinary telehealth offering. WELL is
publicly traded on the Toronto Stock Exchange under the symbol
"WELL" and on OTCQX under the symbol "WHTCF". To learn more about
the Company, please visit: www.well.company.
This news release may contain "Forward-Looking Information"
within the meaning of applicable Canadian securities laws,
including without limitation WELL's expectations to report strong
financial results. Forward-Looking Information is based upon
several estimates and assumptions that, while considered reasonable
by management, are inherently subject to significant business,
economic and competitive uncertainties, and contingencies.
Forward-Looking Information generally can be identified by the use
of forward-looking words such as "may", "should", "will", "could",
"intend", "estimate", "plan", "anticipate", "expect", "believe" or
"continue", or the negative thereof or similar variations.
Forward-looking Information involves known and unknown risks,
uncertainties and other factors that may cause future results,
performance, or achievements to be materially different from the
estimated future results, performance or achievements expressed or
implied by such Forward Looking Information and, which are not
guarantees of future performance. WELL's statements expressed or
implied by Forward Looking Information are subject to several
risks, uncertainties, and conditions, many of which are outside of
WELL 's control, and undue reliance should not be placed on such
statements. Forward-Looking Information is qualified in their
entirety by inherent risks and uncertainties, including: direct and
indirect material adverse effects from the COVID-19 pandemic;
adverse market conditions; risks inherent in the primary healthcare
sector in general; regulatory and legislative changes; that future
results may vary from historical results; inability to obtain any
requisite future financing on suitable terms; any inability to
realize the expected benefits and synergies of acquisitions; that
market competition may affect the business, results and financial
condition of WELL and other risk factors identified in documents
filed by WELL under its profile at www.sedar.com, including
its most recent Annual Information Form. Except as required by
securities law, WELL does not assume any obligation to update or
revise any forward-looking information, whether as a result of new
information, events or otherwise.
View original content to download
SOURCE WELL Health Technologies Corp.