ARCpoint Inc. (TSXV: ARC) (the “
Company” or
“
ARCpoint”) a leading US-based franchise system
providing drug testing, alcohol screening, DNA and direct to
consumer (“DTC”) clinical lab testing services, is pleased to
report that it has implemented and deployed an Application
Programming Interface (“API”) developed by MD Care Group, LLC, (“MD
Care Group”) a telehealth company, which provides consumers with
cost-effective, virtual access to healthcare through a national
network of thousands of board-certified physicians and healthcare
providers. The new API will allow ARCpoint customers to connect
with MD Care Group’s doctors to discuss results from ARCpoint
diagnostic tests or other medical concerns they may have, thus
allowing for the creation of virtual primary care and urgent care
centers anywhere ARCpoint services can be accessed. The two
companies are also discussing the possibility of developing and
deploying a second API which would allow doctors within the MD Care
Group system to refer patients to ARCpoint testing locations.
“This is a new concept – it really takes direct primary care to
a new level for our clients,” said Chris Cole, co-founder of MD
Care Group. “As a result of this collaboration, patients can now
get their lab test results back and be connected promptly with one
of our board-certified physicians. This really simplifies the
process and eliminates the wait times and cost of traditional
healthcare.”
Under this new collaboration, customers can book
a diagnostic test online at ARCpointLabs.com, at any of the 136
franchised locations, or by scanning a QR code on their mobile
device at any of the Company’s participating affiliate partner
locations. After a test(s) is conducted, the patient will receive a
text or email notification of results and if requested, a video
conference link for an appointment with an MD Care Group
practitioner. Once the lab test results have been discussed, the
practitioner can write a prescription if needed and it will be sent
instantly to the patient’s pharmacy of choice.
ARCpoint CEO John Constantine added, “Our
relationship with MD Care Group will make it far easier for
ARCpoint customers to consume and access healthcare where it is
most convenient for them and how they want. It will also
dramatically increase the opportunity to expand our network by
allowing us to offer access to virtual doctors through new
affiliates, even if an ARCpoint franchisee location is not located
nearby”.
An Application Programming Interface is a
mechanism that enables two distinct software components to
communicate with each other using a set of definitions and
protocols. In essence, an API can be thought of as a contract of
service between two applications. This contract defines how the two
applications communicate with each other using requests and
responses. Prior to the deployment of the API with MD Care Group,
ARCpoint used its own network of virtual doctors to provide
prescriptive authority, as required by law, to order the diagnostic
tests selected by a customer, and then provide any necessary review
of results before they were sent to the patient. Under this system,
although ARCpoint provided general text comments about parameters
related to test results, customers did not have the option to
specifically discuss test results through a video system with an
ARCpoint-supplied doctor. With the new MD Care Group relationship,
the Company believes customers will be much better served by having
virtual access to a network of medical professionals 24 hours a
day, 7 days a week, 365 days a year. MD Care Group provides
services to all 50 US states with consultations in English and
Spanish as well as 85 other languages on request.
As the Company discussed in its August 10,
August 17 and October 17, 2023, news releases, affiliate businesses
are health-related businesses that are separate from ARCpoint, such
as health or vitamin stores, fitness facilities, chiropractor
offices, physician offices, clinical and genetic reference labs,
and pharmacies. Given regulatory, licensing, technology and other
issues, many of these types of businesses have not been previously
able to offer DTC healthcare testing services. Using the
MyARCpointLabs platform, affiliates can offer some or all
ARCpoint's products and services to their customers to both enhance
their own product and service offerings and, in some cases,
generate additional revenue, while at the same time meeting
applicable regulatory and other compliance obligations. As also
discussed in the October 17, 2023, news release on the launch of
ARCpoint Employer Access, any business can now become a new type of
affiliate by offering ARCpoint wellness and preventative diagnostic
testing services to their employees.
About MD Care Group, LLC:Based
in Greenville, South Carolina, MD Care Group, LLC is a pioneer in
personalized virtual care. MD Care Group features a national
network of dedicated health care providers pared with the advanced
technology required to deliver reliable, accurate medical care
centered on you and your needs. MD Care Group offers an extensive
suite of solutions for some of the most common roadblocks to
quality health care, including telemedicine/urgent care, virtual
primary care, behavioral health, virtual dermatology, care
navigation, and lab screenings and assessments. Learn more at
www.mdvirtualcare.com.
About ARCpoint Inc.ARCpoint is
a leading US-based franchise system that leverages technology along
with brick-and-mortar locations to give businesses and individual
consumers access to convenient, cost-effective healthcare
information and solutions with transparent, up-front pricing, so
that they can be proactive and preventative with their health and
well-being. ARCpoint is based in Greenville, South Carolina, USA.
ARCpoint Franchise Group LLC, formed under the laws of the state of
South Carolina in February 2005, is the franchisor of ARCpoint Labs
and supports over 130 independently owned locations. ARCpoint sells
franchises to individuals throughout the United States and provides
support in the form of marketing, technology and training to new
franchisees. ARCpoint Corporate Labs LLC develops corporate-owned
labs committed to providing accurate, cost-effective solutions for
customers, businesses and physicians. AFG Services LLC serves as
the innovation center of the ARCpoint group of companies as it
builds a proprietary technology platform and a physician network to
equip all ARCpoint labs with best-in-class tools and solutions to
better serve their customers. The platform also digitalizes and
streamlines administrative functions such as materials purchasing,
compliance, billing and physician services for ARCpoint franchise
labs and other clients.
For more information, please contact:
ARCpoint Inc.Jason Tong, Chief Financial
OfficerPhone : (604) 889-7827E-mail : invest@arcpointlabs.com
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION: This press release
contains “forward-looking statements” or “forward-looking
information” (collectively referred to hereafter as
“forward-looking statements”) within the meaning of applicable
Canadian securities legislation.
All statements that address activities, events
or developments that ARCpoint expects or anticipates will, or may,
occur in the future, including statements about ARCpoint’s future
growth, business prospects, future trends, plans and strategies,
expected benefits from business activities and the Company’s
prospects for new business are forward-looking statements. In some
cases, forward-looking statements are preceded by, followed by or
include words such as “may”, “will”, “would”, “could”, “should”,
“believes”, “estimates”, “projects”, “potential”, “expects”,
“plans”, “intends”, “proposes”, “anticipates”, “targeted”,
“continues”, “forecasts”, “designed”, “goal”, or the negative of
those words or other similar or comparable words. Although the
management of ARCpoint believes that the assumptions made and the
expectations represented by such statements are reasonable.
Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance, or achievements of ARCpoint to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Risks and uncertainties applicable to the Company, as
well as trends identified by the Company affecting it and the
healthcare services industry can be found in the Company’s 2022
Annual MD&A and its continuous disclosure record available on
SEDAR. Although ARCpoint has attempted to identify important
factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated,
estimated, or intended. Forward-looking information included in
this press release includes, but is not limited to, statements in
respect of the expected timeline for deploying ARCpoint’s
online portals and the expected benefits of such online
portals.
Such cautionary statements qualify all
forward-looking statements made in this press release. ARCpoint
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law.
Any forward-looking information speaks only as
of the date on which it is made, and except as required by law, the
Company does not undertake any obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise. New factors emerge from
time to time, and it is not possible for the Company to predict all
such factors. When considering the forward-looking information
contained herein, readers should keep in mind the risk factors and
other cautionary statements in the Company’s disclosure documents
filed with the applicable Canadian securities regulatory
authorities on SEDAR at www.sedar.com. The risk factors and other
factors noted in the disclosure documents could cause actual events
or results to differ materially from those described in any
forward-looking information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this Press release.
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