Founder,
Former Chairman & CEO of $1.5 Billion NeoGenomics,
Dr. Michael Dent, Now Leading HealthLynked
in
Mushrooming $142 Billion Digital Health Market
Atlanta, GA. -- March 25th, 2019 -- InvestorsHub NewsWire --
Emerging Microcaps, Healthynked Corp (USOTC:
HLYK)
-
Digital Health is
the fastest growing space in healthcare with a CAGR of 27%; $142
billion market today, and projected to be
$379 billion by 2024.
-
Dr. Dent
previously founded $1.9Billion NeoGenomics
whose share price
has grown from $0.20 to now $20.11. Now his goal is to make
HealthLynked
an even greater
success in Digital Health.
-
HealthLynked
recently more
than doubled sales to over $5 million and slashed burn rate with
recent acquisition of Hughes Center for Functional
Medicine.
-
HealthLynked
continues to
strengthen position to become major player in Digital Health and
shares are highly undervalued.
Emerging
MicroCaps
Investment
Summary
Digital Health is
the fastest growing sector of the $4 Trillion healthcare market
and Dr. Michael
Dent, known for his money-making skills in healthcare is now the
founder, Chairman, and CEO of HealthLynked
Corp. (OTC:
HLYK), a $25 million microcap that he is leading to be a major
provider in Digital Health. HLYK is trading at $.30 per share and
if Dr. Dent succeeds in capturing even a small percentage of the
giant Digital Health market, the price of HLYK shares could easily
be trading substantially higher than his previous company,
NeoGenomics
(NASDAQ: NEO)
that is now trading at about $20.00 per share and supports a market
cap approaching $2 billion. Dr. Dent's track record of success
speaks for itself, and the space of Digital Health is an exciting
new opportunity for investors searching for their next big
wins.
HealthLynked
Solutions
Getting Big Jump in Digital Health and Filling Large Unmet
Needs
Many people struggle with keeping track of their family's medical
information between their various doctors and specialists.
Scheduling appointments, managing multiple prescriptions and
keeping the doctor updated on ever changing medical records is
difficult. Too frequently, patients are asked to arrive 15 to 20
minutes early so that they can fill out long forms with the same
old information every time. Then, when they are finally called into
the examination room where they usually wait another 20 or 30
minutes of wasted time to
actually see
the physician.
Being a
physician, Dr. Dent is keenly aware of these and many, many other
common problems, and has developed solutions that are focused,
streamlined, low cost, and time saving. HealthLynked
offers solutions
to many healthcare problems including the ability for patients to
LYNK to their healthcare providers and grant access to up to date
healthcare information that improves HealthLynked
patient members
can LYNK to any doctor in the HealthLynked
Network that is
growing every day and make an appointment and much more by simply
using the HealthLynked
cell phone app.
It is easy, and it is instantaneous.
An example of the
inefficiency electronic medical records is provided by a practicing
ear, nose and throat specialist in Ahoskie, North Carolina.
Dr. Raghuvir B. Gelot says that little has
frustrated him more than the digital record system he installed a
few years ago. The problem: His system, made by one company, cannot
share patient records with the local medical center, which uses a
program made by another company. The two companies are quick to
deny responsibility, each blaming the other. Regardless of who is
at fault, doctors and hospital executives across the country say
they are distressed that the expensive electronic health record
systems they installed in the hopes of reducing costs and improving
the coordination of patient care a major goal of the Affordable
Care Act simply do not share information with competing systems. A
single network that connects every patient to their providers and
works with all electronic medical record systems is what
HealthLynked
brings to the
market focusing at the point of care between patient and healthcare
provider.
Personal Health Record
Healthcare
providers create medical records for each patient encounter through
EHRs (Electronic Health Records) or paper charts. These records are
the property of your healthcare provider, although you can request
a copy of these records for your personal files.
A
PHR (Personal Health Record) is different from an EHR. A PHR is
owned and updated by you, the patient and can be shared with other
healthcare providers or anyone you choose and it not subject to
HIPPA regulations. The benefits of the HealthLynked
PHR is that
your records move with you, no matter where you are, and can be
easily accessible and shared with your healthcare providers if a
medical problem arises or in the case of an emergency where having
timely access to your medical information can save your
life.
The
HealthLynked
app allows
members to update their medical information from home and make sure
all their information is correct and complete. Once their
information is complete all they need to do is keep their profile
updated when changes occur with their medical status. Having a
complete profile allows patients to share it with the healthcare
provider they choose, decrease office wait times, help avoid
medical errors and avoid redundant paperwork during office visits.
Through HealthLynked,
patients can Lynk
to
their personal network of healthcare providers,
book online appointments, share medical records from other
providers and stay on top of medical recommendation specific to
their medical history.
Online Scheduling
HealthLynked
members can
connect with their healthcare providers, easily book appointments
online, and keep all their medical information in one
location. HealthLynked
doctors offer
special booking times available to HealthLynked
members, which
can be scheduled directly from the patient's online profile. Once
the patient has selected the provider
they want to
make an appointment with, they will be asked to select the reason
for the visit and the time. An email is sent to the patient
confirming the requested appointment time and once accepted by the
doctor, the patient will receive a confirmation email. If the
physician is not a HealthLynked
provider the
patient can
Click here to Find a Doctor or another provider in their area for
an appointment.
Medical Newsfeeds
Members
can select from a wide range of medical topics to follow. Stay
updated on the latest medical updates regarding treatments and new
discoveries regarding their health or family members. They
can Lynk
to
a healthcare provider and keep updated with the news feeds their
doctor is following. Lynking
with a
dermatologist or family practice physician will update the
patient's medical news feeds with topics they feel are important
and relevant to their patients. The patient can update or remove
these topics from their feeds anytime they so choose to do
so.
Access or Co-manage Family Profiles
The
HealthLynked
network allows
a member to create a profile for their children under the age of
18. Managing children and keeping track of their vaccines and
visits is important for assuring they stay healthy and receive the
best care possible. In
addition, the patient can be granted permission to access other
member's profiles and medical records if they are assisting aging
parents or family members' treatments or prescription medications
through their doctor or specialist.
Emergency Contacts
If
traveling away from home or in an accident, it's important to know
who to contact in an emergency
situation. Children at
school or on a school trip having their medical information such as
allergies, medications they are on kept on record and easily
accessed through the HealthLynked
Network.
Group Chat
Members
looking to talk with others medical topics of interest can join
in HealthLynked
groups chat
rooms. Topics such as diabetes, hypertension, and breast cancer are
just a few of the many groups available. Members can also create a
group that can be private, by invitation only or public. User can
chat as a guest if they choose to do so. Groups allow for users to
connect and discuss medical issues with other like-minded
users.
Personal Health Guidelines
Healthcare
recommendations change with age, sex, family history and medical
conditions. Using advanced technology, HealthLynked
evaluates the
patient's specific medical information to make personalized medical
recommendations regarding their health. Recommendations may range
from when to check cholesterol, follow up for a colonoscopy or
mammogram and reminders when you are due for an annual exam.
Keeping our members informed about what follow up they need is also
an important part of the HealthLynked
artificial
intelligence algorithms.
Discount Medical Supplies
HealthLynked
connects
patient's with over 100,000 name brand medical supplies. Members
can order medical supplies and have them shipped directly to their
home. Whether diabetic supplies or a wheelchair is needed the
patient can access the HealthLynked
directory or
preferred supplier to receive discounted offers tailored to their
personal health needs.
Medical Forums
Medical
Forums allow patients to connect with other members that share
similar interests, medical conditions or symptoms. Members can
enter the forum as a member or guest if they wish to remain
anonymous. Much like social media groups, members can also create
groups around medical topics of interest and these groups can be
private, by invitation only, members only, or open to the public.
Once a group is created patient's will be able to moderate the
group and engage in real time chat with others in their group.
Medical forums were designed to create an environment where people
can discuss medical conditions, treatments, make referrals to
healthcare providers and engage in direct conversions with
healthcare experts on particular
topics.
HealthLynked
offers a wide
range of medical forums that include:
-
Cancer
-
Heart
disease
-
Men's
health
-
Women's
Health
-
Pediatrics
-
Dermatology
-
Psychiatry
-
Addictions
-
Obesity
-
Diabetes
HealthLynked
Introduces AI Algorithms to Help Diagnose Faster and
Easier
June 19,
2018, HealthLynked
announced that it has
developed and deployed a number of healthcare algorithms for
members that opt in for this service through the
HealthLynked
Network. The
algorithms evaluate healthcare data of members and provide medical
recommendations based on each user's specific healthcare
information, taking into
account multiple
factors including gender, age, family and medical history and other
healthcare and personal data.
Patients rely
on a range of healthcare providers to make medical recommendations
for health issues and specific testing and screening. With a
mission to improve healthcare, HealthLynked
continues to
invest in building its Artificial Intelligence "(AI)" technology,
keeping members informed about their healthcare needs, updating
members on the latest healthcare information, helping to avoid
adverse drug interactions and providing medical recommendations
around healthcare guidelines and screening.
The
HealthLynked
AI
gives members access to advanced analytic capabilities to curate
and analyze healthcare data and offers them tools and technologies
to build and maintain their personal healthcare
information.
AI-based
solutions have great potential to improve patient outcomes and care
efficiency and HealthLynked
believes its
AI platform can ease the logistical challenges in medical research
by providing clean, accurate, focused and actionable data through
its patient engagement and oversight.
HealthLynked
Announced
the Addition of over 7,000 Hospitals and Acute Care Centers to its
Healthcare Network
January 8, 2019,
HealthLynked
announced
the company has
incorporated over 7,000 hospitals and acute care centers into its
nationwide network. Patient
members have been able to LYNK directly to healthcare providers
across the country to share and receive their medical
information.
Members can now LYNK to Hospitals and grant access to their medical
records in case of a medical emergency.
Patients
routinely visit emergency rooms without any medical records
available to physicians to aid in their diagnosis and treatment. In
addition to the lack of medical records, patients often arrive
unconscious to the emergency room or unable to communicate due to
any number of conditions, including strokes, heart attacks or auto
accidents. When impaired patients are unable to communicate
critical healthcare information, it can have a significant impact
on their medical outcomes. The lack of medical information can lead
to unnecessary testing, delays in treatment and misdiagnosis.
Providing a way for patients to connect to the over 7,000 hospital
facilities across the U.S. is an important part of our network
services.
Dr. Michael Dent
CEO stated, "Adding over 7,000 hospitals and acute care facilities
strengthens the HealthLynked
Network and our
commitment to transform how medical information is delivered. We
are excited about our growth as we continue to innovate and expand
our services to both our patient members and network
providers."
HealthLynked
Acquires
HCFM, Adding Significant Revenue to its Health Services
Division
HealthLynked
announced it entered into a definitive
agreement to acquire Hughes Center for Functional Medicine,
P.A. (HCFM) for
$750,000 in cash, $750,000 in shares of HealthLynked
common stock and
$500,000 in a three-year performance-based payout.
HCFM is a leader
in functional medicine, focusing on Neurodegenerative diseases such
as Alzheimer's, Parkinson's and Multiple Sclerosis along with other
cutting-edge treatments to improve health and slow aging, including
hormones, thyroid, weight loss, wellness and prevention. Income
sources include seeing patients, an IV room, Hyperbaric Oxygen
Chambers, Ozone, UVlrx and Supplements.
"The acquisition
of HCFM expands our health services division and significantly adds
to our profitability. HCFM provides expertise in
Neurodegenerative conditions and functional medicine with cutting
edge therapies." said Michael Dent, M.D., HealthLynked's
Chairman and
CEO. "As we continue to expand our
network and provide algorithms around new and innovative
treatments, we are confident that this will bring significant value
to our patient members. "
Benefits of
the Transaction
-
Revenue and
Profit Increase. HealthLynked
expects the
acquisition to contribute $3.0 million of revenue and $500 thousand
in EBITDA in year one, more than doubling the Company's
revenues and
reducing cash burn by over 50%.
-
Expansion
of Healthcare Services. HCFM
has well-established relationships and cutting-edge protocols for
treating neurogenerative disorders and optimizing the health of
older patients. These customized therapies have been shown to
improve patient outcomes for a wide range of disorders. Functional
Medicine is one of the fastest growing and most highly profitable
areas of healthcare making it an ideal acquisition for
HealthLynked.
-
Expansion
of Healthcare Data Specific to Functional Medicine and
Antiaging. HealthLynked
will draw on the
best attributes from each company to improve the quality of service
for all
of our
patient members. HCFM patients will benefit from
HealthLynked's
digital
technology to connect and analyze patient members healthcare data
to monitor treatments and improve outcomes. HealthLynked
members will
benefit from HCFM health services and extensive experience in
functional medicine.
-
Four-year
Consultancy Agreement with Dr. Pamela
Hughes on the HLYK Advisory Board. The
acquisition also includes a four-year consultancy agreement with
Dr. Pamela Hughes on the HealthLynked
Advisory Board
where she will provide her expertise in functional medicine to help
the Company's development team to write algorithms utilizing
the HealthLynked
software to make
recommendations to patient members on a wide range of medical
conditions.
-
Advisors
K&L Gates LLP
is serving as legal counsel for the acquisition.
George O'Leary,
Chief Financial Officer of HealthLynked,
stated, "We expect that this will be the first of many acquisitions
for HealthLynked
focused
on:
-
Profitable health
service businesses;
-
Digital
healthcare including online marketing and telemedicine companies;
and
-
Data driven
healthcare businesses, such as Accountable Care Organizations
(ACOs)
Our acquisition
model of purchasing high growth, profitable health service
businesses paying 4 times adjusted EBITDA, with 35% in cash, 35% in
HLYK stock, and 30% in three-year performance based
payouts will
complement our digital healthcare and ACO acquisition
strategies."
Market
Comps Support HealthLynked
Shares
Highly Undervalued
Two market
comps in the Digital Health space are Frelii,
Inc., (OTC:
FRLI) and Veeva Systems, Inc., (NYSE"
VEEV). Frelii
is
selling at $2.10 per share with a market cap of $82 million and a
Price to Sales ration
of
4,783 to 1, and Veeva Systems is selling at $115.21 per share with
a market cap of $14.42 billion and a Price to Sales ratio of 20 to
1.
HealthLynked
appears to
hold enormous unrecognized value as its shares are selling close to
$0.35 with a market cap of $30.6 million and with the new
acquisition of Hughes Center for Functional Medicine now has
revenues close to $5.5 million with a Price to Sales Ratio of 5.6
to 1. Even at a low Price to Sales Ratio of 10 to 1,
HealthLynked
shares would
be trading at closer to $.60 and with the kind of growth they are
delivering and in such a hot market of Digital Health, the price
could easily see well over $1 per share in the near
term.
Bio-Research
Alert Conclusion
Digital Health is
a promising new investment opportunity in the gigantic and
opportunity-filled healthcare market. There are many companies to
investigate in this enormous new opportunity of Digital Health,
but HealthLynked
appears to
provide services that fill big unmet needs, has proven and skillful
management, and has a great start that is beginning to rack up
growing patient memberships. Since HealthLynked
shares are
selling at only $0.30, Emerging MicroCaps believes early investors have
an opportunity for very large percentage returns with a near term
target of $1.50 and a 12-month target of $4.00.
For more
information:
Emerging
MicroCaps
EmergingMicroCaps.com
RACAVALLI@YAHOO.COM
303-956-1777
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