HealthLynked
Corp.
Partners with Commonwealth Primary Care
Accountable Care Organization (ACO)
Naples, FL -- October
1,
2020
-- InvestorsHub NewsWire -- HealthLynked
Corp. (OTCQB:
HLYK),
a global
healthcare network focused on care management of its members and
healthcare technologies connecting
doctors,
patients and medical data, today
announced its
collaboration with
Commonwealth Primary Care ACO ("Commonwealth").
HealthLynked and Commonwealth will develop an innovative
program
to seamlessly share patient healthcare data among multiple
providers.
The goal of the partnership is to
improve
patient care, decrease duplicative
testing and fill
information gaps that
exist between multiple
providers
treating the same patient.
Without
accurate and up-to-date medical
information, healthcare
providers are
often
at a
disadvantage in providing the best care for their patients.
Patients often undergo duplicate
testing
and have longer
in-office wait times to
obtain medical records and
are
subject to a process that often
leads to additional
and
unnecessary follow up visits
and delays in diagnosis
and treatment.
As more
patients are seeing their healthcare providers via
telemedicine,
coordinating care
among healthcare providers is more important than
ever. Both
online patient
evaluation and care management are now reimbursable
billing
codes
for
private insurance companies and
for
Medicare.
Reimbursement for
these services is
based
on medical
record
exchange between providers and patients,
including time spent reviewing records
with each patient. To facilitate this
process, there are
nine
separate
billable codes available to the
offices supporting the effort with
reimbursements
ranging
from
$16 to
$53. There is
no
limit on the number
of times a patient's
record can be reviewed and exchanged between a healthcare provider
and patient.
The
HealthLynked Network
and patient engagement technology is uniquely designed to allow
physicians to easily connect
with patients, exchange medical information, and provide patient
guidance in partnership with Commonwealth. We believe that this
partnership will be a model for other ACOs to improve
outcomes,
reduce cost, and more effectively coordinate patient
care.
"We are
excited to employ new and effective methods to provide our
clinicians the most complete and
up-to-date
data
on
their
patients. Many times,
patients
are being treated by multiple physicians in multiple
settings and
HealthLynked will
allow us to seamlessly analyze all encounter
data,
coordinate care more effectively and deliver the
most
effective care at the right time and place," said Dr.
Mark
Goldberg, a Commonwealth
Member of the Board of Trustees.
HealthLynked's CEO,
Dr. Michael Dent, stated, "Working with Commonwealth to fill data
gaps in patient care will optimize patient
care and improve practice efficiencies. We believe this is
the first of many collaborations and will serve as a
model to work with other ACO partners."
About
HealthLynked Corp.
HealthLynked Corp.
provides a solution for both patient members and providers to
improve healthcare through the efficient exchange of medical
information. The HealthLynked Network is a cloud-based platform
that allows members to connect with their healthcare providers and
take more control of their healthcare. Members enter their medical
information, including medications, allergies, past surgeries and
personal health records, in one convenient online and secure
location, free of charge. Participating healthcare providers can
connect with their current and future patients through the system.
Benefits to in-network providers include the ability to utilize the
HealthLynked patent pending patient access hub "PAH" for patient
analytics. Other benefits for preferred providers include HLYK
marketing tools to connect with their active and inactive patients
to improve patient retention, access more accurate and current
patient information, provide more efficient online scheduling and
to fill last minute cancelations using the Company's "real time
appointment scheduling" all within its mobile application.
Preferred providers pay a monthly fee to access these HealthLynked
services. For additional information about HealthLynked Corp.,
please visit
www.healthlynked.com
and
connect with HealthLynked on Twitter, Facebook, and
LinkedIn.
About
Commonwealth Primary Care ACO, LLC
Commonwealth is based
in Tempe, AZ and is a collaboration of independent providers who
seek to enhance the quality of healthcare while decreasing
costs
and improving outcomes
for patients in Arizona. Commonwealth is primary-care based, owned,
operated, and governed to provide innovation in-care practices for
the continuous
success
of its independent offices and for the benefit of the members it
serves. To accomplish this, Commonwealth provides
not
only business
support and
best
practices, it
collects
and analyzes data that helps physicians coordinate care and
increase communication. Commonwealth also operates as a
federally
chartered accountable care
organization that operates in the greater Phoenix metropolitan
area, Flagstaff, Tucson and throughout AZ as a participant in the
Medicare Shared Savings Program.
Forward Looking Statements
Forward-Looking
Statements in this press release, which are not historical facts,
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Our actual results,
including as a result of any acquisitions, performance or
achievements may differ materially from those expressed or implied
by these forward-looking statements. In some cases, you can
identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate,"
"believe," "estimate," "predict," "potential," "continue,"
"likely," "will," "would" and variations of these terms and similar
expressions, or the negative of these terms or similar expressions.
Such forward-looking statements are necessarily based upon
estimates and assumptions that, while considered reasonable by our
management, and us are inherently uncertain. We caution you not to
place undue reliance on any forward-looking statements, which are
made as of the date of this press release. We undertake no
obligation to update publicly any of these forward-looking
statements to reflect actual results, new information or future
events, changes in assumptions or changes in other factors
affecting forward looking statements, except to the extent required
by applicable laws. If we update one or more forward-looking
statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking
statements. Certain risks and uncertainties applicable to our
operations and us are described in the "Risk Factors" section of
our most recent
Annual Report on Form 10-K and in other filings we have made with
the U.S. Securities and Exchange Commission. These reports are
publicly available at
www.sec.gov.
Contacts:
George
O'Leary
Chief
Financial Officer
goleary@healthlynked.com
(800)
928-7144, ext. 99
Investor
Relations Contacts:
Stephanie
Prince
PCG
Advisory Group
sprince@pcgadvisory.com
646-762-4518
Jim
Hock
Hanover
International Inc.
jh@hanoverintlinc.com
760-564-7400