OTC:WHTCF | Jotup

WELL Health Reports Record Quarterly Revenue and Record Net Income for a first quarter in Q1-2024 and Increases Both Revenue and Adjusted EBITDA Guidance for 2024

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Wednesday, May 8, 2024

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WELL's Canadian business grew its Adjusted EBITDA in Q1- 2024 by 19% to $14.6 million on a YoY basis.

Key Points:

WELL's Canadian business grew its Adjusted EBITDA in Q1- 2024 by 19% to $14.6 million on a YoY basis.
WELL is pleased to provide guidance of an improvement of FCFA2S of more than $55M in 2024, a 30% increase from $42.4 million in 2023.
WELL increases its guidance range for 2024 annual revenue of between $960 million to $980 million, while guiding to upper range of its previous Adjusted EBITDA guidance of $125 million to $130 million.
First Quarter 2024 Financial Highlights:
WELL achieved record quarterly revenue of $231.6 million in Q1-2024, an increase of 37% as compared to revenue of $169.4 million generated in Q1-2023.

WELL Health to Announce First Quarter 2024 Financial Results on May 8, 2024

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Monday, May 6, 2024

Shahbazi, Fiscal, WELL, TSX, Patient

VANCOUVER, BC, May 6, 2024 /PRNewswire/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) ("WELL" or the "Company"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce that the Company will release its Fiscal First Quarter 2024 financial results for the period ended March 31, 2024, on Wednesday, May 8, 2024.

Key Points:

VANCOUVER, BC, May 6, 2024 /PRNewswire/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) ("WELL" or the "Company"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce that the Company will release its Fiscal First Quarter 2024 financial results for the period ended March 31, 2024, on Wednesday, May 8, 2024.
The Company will hold a conference call and simultaneous webcast to discuss its results on the same day at 1:00 pm ET (10:00 am PT).
The call will be hosted by Hamed Shahbazi, Chairman and Chief Executive Officer and Eva Fong, Chief Financial Officer.
Please dial in 10 minutes prior to the start of the call.

WELL Launches its Second-Generation AI powered Physician Co-pilot with Chronic Disease Detection Powered by HEALWELL AI

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Thursday, May 2, 2024

Conditional sentence, Risk, AIDX, Chronic condition, Health, Diabetes, TSX, Chronic obstructive pulmonary disease, Data science, Patient, Statistic, Physician, Hypertension, WELL, Chronic kidney disease, Pharmaceutical industry

This enhanced version which features advanced chronic disease screening arrives just six months after the initial launch, which was primarily focused on rare disease detection.

Key Points:

This enhanced version which features advanced chronic disease screening arrives just six months after the initial launch, which was primarily focused on rare disease detection.
Dr. Michael Frankel, Chief Medical Officer of WELL, commented on the new capabilities "Adding chronic disease detection is a game-changer for our AI powered physician co-pilot tools.
The technology behind WAIDS is powered by HEALWELL AI who has been helping physicians save lives for the past four years with its best-in-class rare disease detection capabilities.
Chronic diseases and the percentage of Canadians who have them include conditions like Diabetes 11%, Chronic Obstructive Pulmonary Disease 10%, Heart Disease 8%, and Chronic Kidney Disease 11-13%2 .

WELL Health Technologies Announces Collaboration with Microsoft to Accelerate Healthcare's Digital Transformation

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Tuesday, April 30, 2024

Cloud, Corporation, Public sector, Quaternary, AI, MySQL, TSX, Growth, Privacy, Microsoft, Patient, Acquisition, Azure, Health, WELL, Confidentiality, Security, Microsoft Azure

This five-year agreement is set to accelerate the digital transformation of healthcare delivery across North America and beyond, integrating Microsoft Cloud and AI capabilities with WELL's comprehensive digital health platform to innovate and enhance the healthcare experience for both providers and patients.

Key Points:

This five-year agreement is set to accelerate the digital transformation of healthcare delivery across North America and beyond, integrating Microsoft Cloud and AI capabilities with WELL's comprehensive digital health platform to innovate and enhance the healthcare experience for both providers and patients.
We are honored to partner with Microsoft, and eagerly anticipate the transformative impact our collaboration will have on healthcare delivery."
Leading Innovative Healthcare Solutions: This collaboration establishes Microsoft as a go-to partner for WELL Health as it continues to infuse leading generative AI technologies into its various digital health solutions.
The technology teams who are working behind the scenes to drive this transformation are highly motivated by the collaboration with Microsoft and the associated support this collaboration brings.

WELL Health Applauds Improvements in Reimbursement Recently Announced from Key Provinces and Speaks to Improvements in Organic Growth in its Primary Care Business

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Monday, March 25, 2024

Health, Federation, Burn, Growth, Environment, Patient, Disclosure, WELL, LFP, TSX, Google Images, Heart, PSA, Physician, Federal, FFS, Nursing

WELL Health applauds recent actions by the provinces of Ontario, Alberta, and Manitoba to increase reimbursement rates affecting primary care, specialized care, and diagnostic consultation codes.

Key Points:

WELL Health applauds recent actions by the provinces of Ontario, Alberta, and Manitoba to increase reimbursement rates affecting primary care, specialized care, and diagnostic consultation codes.
WELL has provided more detailed disclosure of its organic growth between same clinic vs. absorption growth over the past year, demonstrating 15.6% organic growth overall in WELL's Canadian primary care business boosted by clinic absorptions.
In a significant move towards bolstering the healthcare system, the Provinces of Ontario, Alberta, and Manitoba have announced increases in reimbursement rates for primary care, specialized care, and diagnostic consultation codes.
This follows last year's innovative Longitudinal Family Practice (LFP) reimbursement methodology implemented by British Columbia which was designed to boost funding for primary care physicians.

WELL Health to Announce Fourth Quarter and Year End 2023 Financial Results on March 21, 2024

Retrieved on:

Monday, March 18, 2024

WELL, Patient, TSX, Shahbazi

VANCOUVER, BC, March 18, 2024 /PRNewswire/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) ("WELL" or the "Company"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce that the Company will release its Fiscal Fourth Quarter and Year End 2023 financial results for the period ended December 31, 2023, Thursday, March 21, 2024.

Key Points:

VANCOUVER, BC, March 18, 2024 /PRNewswire/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) ("WELL" or the "Company"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce that the Company will release its Fiscal Fourth Quarter and Year End 2023 financial results for the period ended December 31, 2023, Thursday, March 21, 2024.
The Company will hold a conference call and simultaneous webcast to discuss its results on the same day at 12:30 pm ET (9:30 am PT).
The call will be hosted by Hamed Shahbazi, Chairman and Chief Executive Officer and Eva Fong, Chief Financial Officer.
Please dial in 10 minutes prior to the start of the call.

WELL's OceanMD Experiences Significant User Growth and Announces Upcoming Launch of New 'Health Messenger' to Help Care Providers Communicate Securely and Efficiently

Retrieved on:

Thursday, March 7, 2024

This represents 78% YoY growth in total sites and 65% YoY growth in active users.

Key Points:

This represents 78% YoY growth in total sites and 65% YoY growth in active users.
User engagement on the Ocean Platform has increased substantially with more than 2 million patient engagements3 every month reflecting 67% growth YoY.
OceanMD announces the upcoming launch in Q2-2024 of its mobile-first Health Messenger product which will help improve and secure communications between healthcare providers and their patients.
In 2023, OceanMD demonstrated robust growth across multiple dimensions, including clinic and site expansions, user base increases, and provider engagement.

WELL Health Founder & CEO Hamed Shahbazi Appointed Chairman of the Board of HEALWELL AI

Retrieved on:

Tuesday, February 27, 2024

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Hamed Shahbazi, Founder, Chairman and CEO of WELL Health Technologies has been appointed Chairman of HEALWELL AI, a global leader in AI powered preventative care.

Key Points:

Hamed Shahbazi, Founder, Chairman and CEO of WELL Health Technologies has been appointed Chairman of HEALWELL AI, a global leader in AI powered preventative care.
Mr. Hamed Shahbazi is currently the Chairman and CEO of WELL, Canada's largest owner operator of outpatient medical clinics and leading digital health service providing software and services to more than one third of all Canadian physicians.
Mr. Shahbazi has served on the Board of HEALWELL since its launch on October 1, 2023.
Hamed Shahbazi, Founder and CEO of WELL commented on his appointment, "As a co-founder of HEALWELL, I am personally very proud and excited to take on the role of Chairman for HEALWELL AI given the enormous importance of the shared mission and objective we have between WELL and HEALWELL.

WELL Provides Integration Update with Focus on Streamlining Business Operations for Improved Profitable Growth

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Thursday, February 22, 2024

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WELL continues to focus on integrating and streamlining its operating businesses and is pleased to provide a number of related updates that supports its goal of improved profitable growth.

Key Points:

WELL continues to focus on integrating and streamlining its operating businesses and is pleased to provide a number of related updates that supports its goal of improved profitable growth.
This is a business that is forecasted to generate more than $300M in revenues in 2024 with strong EBITDA margins.
This is a business that is forecasted to generate more than $75M in revenues in 2024 with strong EBITDA margins.
Updates on this program's progress will be shared during our Q4 2023 earnings event in March, reaffirming our commitment to demonstrating continued profitable growth.

WELL Health Announces the Creation of a Dedicated Public Sector Group to Help Tech Enable Public Health Systems Operating at Scale

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Wednesday, February 7, 2024

Online, Clinical decision support system, Public, Secure messaging, Head, Public sector, Patient, PHSA, EConsult, TSX, WELL, CPO, FHIR, Nursing

WELL has created a dedicated public sector focused group to support large scale health systems and care delivery networks that underpin the public sector.

Key Points:

WELL has created a dedicated public sector focused group to support large scale health systems and care delivery networks that underpin the public sector.
The objective of this group is to combine and deliver product offerings that are specifically suited for public sector's unique scale and requirements.
WELL's public sector offerings leverage WELL's operating strengths which include Canada's leading provider-centric technology platform and the largest network of outpatient clinics in Canada.
This has given us tremendous insights into our public health ecosystem and positions us to be valuable to our public health partners."