HealthLynked Announces Subsidiary ACO Health Partners, LLC, will receive $2.4M in Medicare Shared Savings, a 213% Increase from $768k Prior Year Shared Savings
September 21 2021 - 8:00AM
InvestorsHub NewsWire
HealthLynked Announces Subsidiary ACO Health Partners, LLC, will
receive $2.4M in Medicare Shared Savings, a 213% Increase from
$768k Prior Year Shared Savings
Naples, FL -- September 21, 2021 --
InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a global healthcare network
focused on care management and a provider of healthcare
technologies that connects doctors, patients, and medical data,
today announced its subsidiary ACO Health Partners LLC will receive
$2.4M in Medicare Shared Savings from the Centers for Medicare
& Medicaid Services (CMS). This represents a 213% increase over
the $768k in Shared Savings ACO Health Partners received the
previous year.
HealthLynked purchased ACO Health
Partners in May 2020 and since has seen substantial increases in
both shared savings (213% growth this year) and the number of
attributed Medicare lives. The payment for the annual Shared
Savings from CMS is expected at the end of September or early
October.
George O'Leary, Chief Financial
Officer and head of M&A for HealthLynked, stated, "We are very
pleased with the performance in ACO Health Partners since we
acquired the company. HealthLynked expects to see Q3 2021 revenue
of approximately $4M or about 66% of its total 2020 annual revenue
of $6.1M."
Marsha Boggess, President of ACO
Health Partners, said, "since the acquisition of ACO Health
Partners, we have seen a significant increase in our quality
measures, which is a key contributor to our enhanced performance in
shared savings."
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.
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. 103
William Hayde
Capital Markets Strategist
bhayde@healthlynked.com
(631) 403-4337
Investor Relations
Contacts:
Jim Hock
Hanover International Inc.
jh@hanoverintlinc.com
(760) 564-7400
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