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HealthLynked Corporation (QB)

HealthLynked Corporation (QB) (HLYK)

0.02325
0.0008
( 3.56% )
Updated: 11:32:40

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LocWolf LocWolf 4 weeks ago
HealthLynked Receives $500,000 Payment Milestone from Sale of ACO Health Partners
November 25 2024 - 8:00AM
InvestorsHub NewsWire
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HealthLynked Receives $500,000 Payment Milestone from Sale of ACO Health Partners

Naples, FL -- November 25, 2024 -- InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a leader in healthcare technology and patient engagement solutions, today announced the receipt of $500,000 in scheduled sale consideration related to the January 2023 sale of ACO Health Partners (AHP). This payment represents HealthLynked's contractual share of the shared savings generated by AHP's Accountable Care Organization (ACO) during the 2023 performance period.

Since the sale of AHP in January 2023, HealthLynked has received a total of $3 million in gross proceeds. This includes an initial $750,000 from the sale, $1.75 million in participation-based payments, and the $500,000 received this week. These payments represent the full amount of cash consideration HealthLynked was eligible to receive under the terms of the sale agreement.

Dr. Michael Dent, CEO of HealthLynked, stated, "The sale of our ACO to Palm Beach ACO was a strategic step forward for HealthLynked, enabling us to focus on expanding our core healthcare technology and patient engagement services. We are delighted to see that the ACO continues to deliver meaningful benefits to patients and providers, underscoring the value of this collaborative care model."

For more information about HealthLynked, please visit www.healthlynked.com.

About HealthLynked Corp
HealthLynked Corp. enhances healthcare through personalized care management that improves outcomes and reduces costs. Its cloud-based platform connects patients with providers for virtual or in-office appointments and consolidates medical records into one secure, accessible location.

With AI-driven recommendations, HealthLynked offers tailored insights, streamlines care coordination, and provides savings on prescriptions and medical supplies. By empowering patients with efficient, affordable solutions, HealthLynked delivers better care and an improved healthcare experience.

Forward-Looking Statements & Risk Factors
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations. Actual results may differ materially from those expressed or implied by these statements due to various risks and uncertainties. Without limiting the foregoing, forward-looking statements may be identified by terms such as "may," "expect," "intend," "anticipate," "believe," "estimate," and similar expressions. These statements are based on assumptions deemed reasonable but are inherently uncertain and cannot be guaranteed. We do not undertake any obligation to update these statements except as required by law. For more information, please refer to the "Risk Factors" section of our latest Annual Report on Form 10-K and other filings available at www.sec.gov.

Contact Information:
HealthLynked Corp.
Michael Paisan

1265 Creekside Parkway, Suite 301
Naples, FL 34118
Email: IR@healthlynked.com
Phone: +1 (800) 928-7144
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The Night Stalker The Night Stalker 1 month ago
cheap
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LocWolf LocWolf 1 month ago
It sure seems clear to me that Dr. Dent has no intention on giving up "HealthLynked"


Oohvie App Update Enhances Women's Health with Telemedicine and Online Scheduling

November 11 2024 - 8:00AM
InvestorsHub NewsWire

Oohvie App Update Enhances Women's Health with Telemedicine and Online Scheduling

Naples, FL -- November 11, 2024 -- InvestorsHub NewsWire -- HealthLynked Corp. is excited to announce a major update to its Oohvie app, an innovative platform designed to support women's health. This update not only introduces new features but also integrates HealthLynked's telemedicine services and online scheduling, bringing Oohvie users a more comprehensive healthcare experience directly through their mobile devices. With an updated home screen, enhanced user interface, and expanded functionalities, Oohvie is set to provide even greater convenience for women seeking personalized health management tools.

"With the latest Oohvie updates, we're creating a truly unique offering that empowers women to manage and coordinate their health through a single, comprehensive app. By aligning Oohvie's features with the HealthLynked network, we're giving women access to telemedicine, easy appointment scheduling, and secure health data management in one place, simplifying the path to personalized, connected care," said Dr. Michael Dent, CEO of HealthLynked.

Revolutionizing Women's Health Management

Oohvie's latest update aligns with the growing demand for accessible healthcare services via mobile apps, especially in the menstrual and reproductive health space. According to industry data, menstrual tracking apps are among the most downloaded health apps globally, highlighting the importance of accessible, user-friendly tools for women's health. Oohvie builds on this trend by combining powerful tracking capabilities with direct access to healthcare services, offering users the ability to manage their health more proactively.

Telemedicine and Online Scheduling Integration

One of the most significant additions in this update is the incorporation of telemedicine services, allowing users to schedule virtual consultations with healthcare providers without leaving the app. This feature mirrors HealthLynked's larger mission of making healthcare more accessible and streamlined. Users can now book appointments with providers, and receive medical guidance through telemedicine, all in one platform.

The online scheduling system functions similarly to HealthLynked's main platform, offering a simple process akin to OpenTable's restaurant reservation model. Whether users prefer in-person visits or virtual consultations, Oohvie now provides flexible scheduling options that accommodate their preferences and medical needs.

New Look and Enhanced Features

Beyond its new telemedicine capabilities, Oohvie has undergone a design refresh. The app's home screen has been redesigned for a more intuitive user experience, ensuring that essential functions like period tracking, medical consultations, and health insights are easier to access. Additionally, users can now benefit from personalized health reminders, AI-driven recommendations, and streamlined navigation.

The Rising Popularity of FemTech

Oohvie's evolution coincides with the rapid rise of FemTech—technology designed to address women's health. FemTech, encompassing products and services that cater to menstrual health, fertility, sexual wellness, and beyond, has seen exponential growth in recent years. The global FemTech market is projected to reach nearly $50 billion by 2025, driven by increased awareness and demand for health solutions tailored specifically to women's unique needs.

Menstrual tracking apps are a particularly popular segment, with platforms like Clue and Flo amassing millions of users. This surge in popularity highlights a growing demand for accessible, digital solutions that empower women to take control of their health. Oohvie, by integrating telemedicine and online scheduling, takes this empowerment further, offering a comprehensive platform that extends beyond tracking to include healthcare services and personalized care.

With women increasingly turning to digital health solutions for personalized healthcare management, Oohvie is well-positioned to capitalize on this trend by offering a suite of features that address not only menstrual tracking but also telemedicine and broader health management.

Flexible Pricing Structure

In line with HealthLynked's broader strategy, the Oohvie app will now be free to download, allowing users to access essential tracking features at no cost. For those seeking enhanced services, including telemedicine consultations and additional healthcare management tools, Oohvie offers a subscription-based membership. Users can become members for just $12 per month or $120 per year, which includes discounts on telemedicine services and access to the HealthLynked network of providers.

This membership mirrors HealthLynked's pricing model, making high-quality healthcare more affordable and accessible. Members not only gain access to Oohvie's premium features but also enjoy the benefits of the broader HealthLynked ecosystem, including its comprehensive healthcare management tools and patient-provider communication services.

About Oohvie

HealthLynked Corp. is dedicated to advancing women's health through Oohvie, an intuitive app designed specifically for menstrual tracking and women's health management. Oohvie empowers women with essential tools to monitor their menstrual cycles, track symptoms, and manage overall reproductive health. With integrated telemedicine options and seamless appointment scheduling, Oohvie offers personalized insights and support in one streamlined platform. Discover more about how Oohvie is enhancing healthcare for women at www.oohvie.com.

Download the Oohvie App

Apple App Store
Google Play Store



About HealthLynked Corp.
HealthLynked Corp. is transforming healthcare by providing patients with a comprehensive, cloud-based platform that connects them to healthcare providers nationwide. Through HealthLynked, members gain access to telemedicine services, discounted prescriptions, and affordable medical supplies—all designed to make healthcare more accessible and cost-effective. The platform enables patients to securely consolidate their medical records in one place, simplifying access across all providers and empowering them with AI-driven recommendations tailored to their health needs. HealthLynked streamlines appointment scheduling, promotes savings, and enhances coordinated care for a more seamless healthcare experience.

Download the HealthLynked App

Apple App Store
Google Play Store



Contact Information: HealthLynked Corp.
1265 Creekside Pkwy, Suite 301
Naples, Florida 34108
Phone: 1-800-928-7144
Email: IR@healthlynked.com
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LocWolf LocWolf 2 months ago
I wanna talk about Dr. Dent filing the NON-Provisional Patent Application.
Our first application was a provisional which actually means very little yet that was something to put out there? Now we are talking a bit deeper application that just might have some teeth in the future yet could be challenged aggressively later on. The non-provisional will most likely take as little as 8 and as much as 18 months however and depending on how many time it is reworked etc. All this can be seen if you know where to look. At any rate Dr. Dent already knows this yet many that come to this message board are not tuned in these areas.

Worth stating regardless of greatness of a patent- or (s) unless they are in demand to be licensed they tend to be not worth much. Also, know regardless of how many patents are finalized and engineered their are large players in the AI world that if threaten, probable challenges can take upwards to 5-8 years and most small corporations can not hold on to their business structure nor able to license their patents.

Patents at times just aren't like to were back 40 years ago
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LocWolf LocWolf 3 months ago
Damn...another 8-k with Dr. Dent talking his wife into giving more money for expenses etc. We do have a new CFO but consider funds are needed for many things including lapsed maintenance funds for Trademarks and other needs. No doubt AI will be costly as patent attorneys don't work for nothing....we do want a good chunk of the AI technology correct? Dr. Dent is not just sitting around as it seems everyone in the company is jumping in doing something. All in all we can't expect much more as Dent works in his own time not ours plus he is a professional so let us not forget that.

LATEST 8-k https://www.sec.gov/Archives/edgar/data/1680139/000121390024081421/0001213900-24-081421-index.htm
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LocWolf LocWolf 3 months ago
Yes indeed Shiloh...........

SHEPPARD MULLIN RICHTER & HAMPTON LLP

They handled our first patent, I also would like to bring attention to AI

https://www.sheppardmullin.com/pressrelease-1084

https://newscorp.com/2024/05/22/news-corp-and-openai-sign-landmark-multi-year-global-partnership/

This is their website as follows.... https://www.sheppardmullin.com/
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shiloh12 shiloh12 3 months ago
From what i am hearing A.I. will have an impact on a level of fire, electricity, and the automobile to mankind, but it is taking longer to roll out than anticipated. I think a good PR with their "ARI" rollout would wake the SP up, aside from that it's really about future revs, if it ever gets to that point.
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LocWolf LocWolf 3 months ago
I don't know how much your interests are in the patented areas but let me just say regardless how many applications we file I will say that Dr. Dent gained help by one of the largest in the business and I'm disappointed in our first patent. Also know it is important to see the areas where the USPTO strike certain words used. This was due to other existing patents long before ours. There is more about what was not permitted and again I will say that this patent MUST be continued or else I see very littler potential at all.

Now when (as it appears in our past) that we have filed a provisional application in 2019 for the only patent that we actual have...as a provisional application it automatically expires 1 year after application was submitted. In our case Dr. Dent is a newbie in this area and he allowed the application to expire due to NOT making that provisional a NON Provisional filing BEFORE the 1 year automatically kicked it out. Yes he did then go back to work with a large corporation to submit a NON Provisional. Now the process takes roughly 1.5 -1.8 years before expected results and sometimes longer, depending.

Now also know, at least 600 thousand applications are dealt with at minimum per year.

Another nasty area is the fact that just because the patent offices assigned a patent that doesn't mean jack crap as it can be contested in time and what a mess that is. This is why I stated that Dent needs to license someone else's proven patents especially involving AI, again I say ESPECIALLY involving AI.

In the near future I'll see if I can dig up and new information on these applications.

re-edited....I believe there are approx 200 thousand AI applications/patents.
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shiloh12 shiloh12 3 months ago
"Building on the success of the Virtual Urgent Care, HealthLynked is set to launch its Virtual Primary Care service. " Whicn means anytime in the next 24 months. Still waiting for the ARI Patents and platform, which Dent said last Dec would be launched " early next year" It's almost October, is that still early? Partnerships are great, they have had a few this year, but they do not translate in to revenue, just hopium.
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LocWolf LocWolf 3 months ago
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health.

Naples, FL -- September 19, 2024 -- InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a leader in healthcare technology, is proud to announce its integration with Lyric Health, a comprehensive virtual care provider. This partnership enables HealthLynked to expand its telehealth services nationwide, offering patients in all 50 states convenient access to healthcare anytime, anywhere.

Introducing Virtual Urgent Care: Accessible Healthcare Within 20 Minutes

As part of this expansion, HealthLynked has launched its new Virtual Urgent Care service, available 24/7 in all 50 states. Members can now connect with a licensed physician within an average of 20 minutes, ensuring timely care for non-emergency medical concerns without needing to leave their homes. This service is ideal for addressing urgent medical needs, such as infections, minor injuries, and other health issues, offering a swift and convenient alternative to in-person visits.

Upcoming Launch of Virtual Primary Care

Building on the success of the Virtual Urgent Care, HealthLynked is set to launch its Virtual Primary Care service. This next phase will enable users to schedule appointments with primary care physicians for future dates, establishing ongoing relationships with virtual doctors for continuous care management. This integration ensures a seamless healthcare experience, as all information entered into the HealthLynked profile will be readily available to both urgent care and primary care providers. Furthermore, a summary report of each virtual visit will be stored in the patient's HealthLynked medical record archive, providing a comprehensive view of their healthcare history.

Comprehensive Virtual Care Suite

Through its partnership with Lyric Health, HealthLynked offers a broad range of virtual healthcare services, providing members with 24/7 access to licensed professionals in the following areas:

Primary Care: Personalized care from a dedicated provider, including management of chronic conditions, routine check-ups, and preventive care.
Urgent Care: Immediate, round-the-clock care for non-emergency situations, reducing the need for in-person visits.
Mental Health: Support for conditions like depression, anxiety, and other psychological concerns, with consultations from licensed mental health professionals.
Dermatology: Treatment plans for skin conditions such as acne, eczema, and more, accessible from the comfort of home.
Specialty Referrals: Quick and easy access to specialists for conditions requiring advanced care.
Pet Care: 24/7 access to veterinary consultations, ensuring that even pets receive the care they need.

This collaboration not only enhances the availability of specialized services but also integrates with HealthLynked's medical record storage, prescription voucher program, and care navigation to support a seamless healthcare experience for patients.

Affordable and Accessible Telehealth for All

HealthLynked provides a flexible approach to telemedicine, offering services directly to members without the need for employer-provided plans. Users can download the HealthLynked app for free and access telemedicine visits at the standard rate of $70 per visit. For those looking for additional savings, a subscription option is available: for just $12 per month or $120 per year, subscribers receive a discounted rate of $50 per telemedicine visit. This pricing structure makes high-quality healthcare both accessible and affordable for all members.

Executive Insights

Dr. Michael Dent, CEO of HealthLynked, remarked, "Our integration with Lyric Health and the launch of our Virtual Urgent Care service is a game-changer for our members. We are now able to offer an unparalleled range of healthcare services to patients nationwide, ensuring that quality care is just a click away, no matter where they are. Our upcoming Virtual Primary Care service will further enhance this experience, providing continuity of care for our members."

Wayne Orchard, EVP and Partner of Lyric Health added, "We are excited to partner with HealthLynked to bring our full suite of virtual care services to a broader audience. Our mission has always been to make healthcare more inclusive and accessible, and this partnership helps us achieve that on a national scale."

Download the HealthLynked App

To start accessing these services, members can download the HealthLynked app from the Apple App Store or Google Play Store. The app provides an easy-to-use interface for scheduling appointments, consulting with providers, and managing health records, all from the convenience of your smartphone.

About HealthLynked

HealthLynked Corp. is committed to improving global healthcare by facilitating the efficient exchange of medical information between patients and providers. Our network empowers members to actively manage their healthcare through a centralized and secure platform.

For more information about HealthLynked Corp., please visit www.healthlynked.com. Stay connected with us on Facebook, Twitter, Instagram, and LinkedIn.

About Lyric Health

Lyric Health is an award-winning virtual care provider offering a comprehensive suite of virtual care services, including virtual urgent care, virtual primary care, behavioral health, dermatology, care coordination, and care navigation services. Our solutions mitigate risk, reduce healthcare expenses, improve efficiency and effectiveness, and produce favorable outcomes while delivering a great experience for our clients. J.D. Power has recognized Lyric as a leading telehealth service provider for three consecutive years in 2021, 2022, and 2023. Lyric is the virtual care service solution for its parent company MyTelemedicine.

Contact Information:

HealthLynked Corp.

Public Relations: pr@healthlynked.com

Investor Relations: Michael Paisan, Director of Investor Relations

Phone: 1-800-928-7144 ext 123

Website: www.healthlynked.com
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LocWolf LocWolf 3 months ago
That is about the way I feel to!
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shiloh12 shiloh12 3 months ago
I'll be riding this bitch to zero or a buck, whichever comes first.
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LocWolf LocWolf 3 months ago
Shiloh12....look what I found referencing concierge medicine. It appears this is now taking hold in some areas so Dr. Dent's vision is right on but doubt if he can get this off of the ground. Now checking out BAYCARE and Metro Development Group? I don't see where we are a large enough company nor have the connections to be successful to launch into a Nasdaq corporation. It seems to me we are far too small to do the deed. This is why I talk merger and RS.

Metro Development Group and Baycare launched a partnership to enhance healthcare, providing concierge medicine for residents of Mirada and Epperson communities in Pasco County which in in central Florida about 70-100 miles above Naples according to the maps
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shiloh12 shiloh12 4 months ago
This is dead money, can't see the need to shrink the float and worry about a minimum SP for an uplist that's not coming anytime soon. The only certainty is if they do an RS, it will get shorted down to the bone very quickly. They have to know that will happen,which does noone any good including shareholders.
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LocWolf LocWolf 4 months ago
I fear that RS coming as I don't see how Dr. Dent can keep from doing so. I still don't see how he thinks this business could possibly be a large money making corporation as we have started many years behind so many others and I personally believe our patent is not strong enough as it stands. Yes he talked about another but from the past in which I have documented it appears he uses an extremely large corporation in helping with that first patent but I see clear holes within it. This will possibly be seen depending how the next patent application is submitted. As I expressed when these guys talk about a patent it is different than the actual point on when they file. When they file it is called a provisional application and that is generally hard for me to track these days. With that being said all that means is a basic name and rough structure is submitted. You have 1 year generally from that date to actually submit the real mc coy and then the process actually starts on the basics with the patent offices. From past experiences in tracking and following up on patents I would like to see a continuation of our existing patent and at least 1 or 2 other applications filed involving other areas. As to the big deal involving AI....Dent would be wise to license some of this from one of the big players to help move this along instead of PG - Putter Golf.

OK, now Dr. Dent moved NEO to about to about $2-$4 dollar share price and that was about all I am here because of his management skill and of course George who has resigned. Now it is like when are we going to get slapped with that nasty RS. I keep on asking myself I'm better off invested here involving Dr. Dent but do know he isn't always successful but he is a man that doesn't give up and when a road block is placed before him he seems to always find a way to move beyond that however, I don't want to be here forever at 4 cents per share. How in the heck can or will Dent finally move this forward?
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fung_derf fung_derf 4 months ago
Another great stock! You certainly have a type.
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LocWolf LocWolf 4 months ago
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services

NAPLES, FL -- August 16, 2024 -- InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a leading provider of healthcare networking and technological innovation, has reported its financial results for the three- and six-month periods ending June 30, 2024. Reflecting the company's ongoing efforts to streamline operations and transition its revenue streams from legacy clinical operations to app-based services, HealthLynked achieved significant cost reductions, leading to an 8% quarter-over-quarter improvement in its loss from operations.

Financial Highlights:

Revenue: The company reported revenue of $0.78 million in the second quarter of 2024, a 21% decrease from $1.00 million in the first quarter of 2024, and a 53% decline from $1.70 million in the second quarter of 2023. For the first half of 2024, revenue totaled $1.80 million, down 7% from $1.94 million in the trailing six-month period (October 2023 to March 2024) and 48% compared to $3.46 million in the first half of 2023. This decline is attributed to adjustments in clinical staffing within the Health Services Division, aligning clinical operating expenses with reduced physician availability.
Expense Reductions: Continuing its strategic focus on cost control, HealthLynked reduced practice operating expenses in its Health Services Division by 42% to $0.90 million in the second quarter of 2024, compared to $1.55 million in the second quarter of 2023. For the first half of 2024, these expenses were reduced by 37% to $1.97 million, down from $3.13 million in the first half of 2023. Overall, total operating expenses decreased by 25% in Q2 2024 compared to Q2 2023 and by 24% in the first half of 2024 compared to the same period in 2023.
Loss from Operations: The loss from operations was $1.08 million in Q2 2024, an 8% improvement over the $1.18 million loss in Q1 2024, though this represents a 35% increase compared to the $0.80 million loss in Q2 2023.
Net Income/Loss: The net loss was $1.54 million in Q2 2024, a 21% increase from a net loss of $1.39 million in Q1 2024, and a 54% increase from a $1.00 million net loss in Q2 2023. For the first half of 2024, the net loss was $2.93 million, compared to a net income of $0.45 million in the first half of 2023, which benefited from gains related to the sale of ACO Health Partners in 2023.

Strategic Developments:

HealthLynked has taken significant steps in 2024 to expand its service offerings and enhance value for its members. A major milestone was the signing of partnerships that now allow HealthLynked to offer nationwide telemedicine services. Previously available only in Florida, this expansion enables HealthLynked to provide convenient, remote healthcare services to a broader population across the United States, aligning with the company's mission to improve healthcare access and delivery.

In addition to expanding telemedicine services, HealthLynked has partnered with RxSpark to offer discounts on prescription drugs through pharmacy vouchers, in a program similar to GoodRx. This partnership will enable HealthLynked members to access significant savings on their medications, further enhancing the comprehensive healthcare solutions offered by the HealthLynked Network.

Strategic Outlook:

HealthLynked remains committed to revolutionizing global healthcare delivery. The company is transitioning its focus from clinical operations to app-based services, starting in 2024. By leveraging its patient-centric network, HealthLynked aims to significantly expand its membership base and enhance healthcare delivery for both patients and providers. The strategic shift towards app-based healthcare solutions, including telehealth services, AI-driven personalized healthcare guidance, and seamless appointment booking, positions HealthLynked for substantial growth and improved healthcare outcomes.

Executive Insights:

Dr. Michael Dent, CEO of HealthLynked, commented on the company's strategic direction: "Our continued focus on cost reduction has been crucial in setting a strong foundation for our transition towards app-based technology services. Additionally, our recent partnerships, which have expanded our telemedicine services nationwide and introduced prescription discounts through RxSpark, are pivotal steps in enhancing our offerings. We believe that these strategic initiatives will unlock significant growth opportunities and lead to better healthcare outcomes for our members."

About HealthLynked

HealthLynked Corp. is dedicated to improving global community health. Our mission is to transform healthcare into a system marked by enhanced efficiency and improved care for all, leveraging cutting-edge technology and connectivity that places patients at the heart of their healthcare journey. The HealthLynked Network is a sophisticated cloud-based platform designed to facilitate the seamless exchange of medical information among patients and healthcare providers. By centralizing and securing medical data, the HealthLynked Network empowers patient members to manage their healthcare with unparalleled ease and efficiency, while offering providers an environment where they can gain valuable insights into practice operations, enhance patient compliance, and optimize scheduling.

For more information about HealthLynked Corp., including details on how to become part of our growing community, please visit our website at www.healthlynked.com. Connect with us on social media through Twitter, Facebook, Instagram, and LinkedIn to stay updated on our latest innovations and services. Download the HealthLynked App for Apple or Android.

Forward-Looking Statements & Risk Factors

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.

Investor Relations Contact:

Michael Paisan
Director of Investor Relations
Phone: 1-800-928-7144 ext 123
Email: ir@healthlynked.com
Website: www.healthlynked.com

HealthLynked Corp.

Selected Consolidated Financial Data

Three and Six Months Ended June 30, 2024 and 2023

Latest 8-K https://www.sec.gov/ix?doc=/Archives/edgar/data/1680139/000121390024068949/ea0210648-10q_health.htm
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shiloh12 shiloh12 4 months ago
It's been a painfull hold, most OTC's are and i should know better. I gave Dent the benefit of the doubt since he uplisted NEO, that took seven years so any time now:).
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weo1998 weo1998 4 months ago
Yes, I hear you. I had made piece with myself last fall on this and was ready to cut bait here. Then they had the release about how they've got all their ducks in a row blah, blah, blah and I bought into it. Now I need to make piece again that this is a POS OTC stock and move on from it. I am close to the end here. Time for me to move on, just have to figure where to dump.
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shiloh12 shiloh12 4 months ago
Realistically it's always been an .05 stock, less that one great run. Nothing has changed, it's still all about waiting for that one PR that brings in new money. Biggest difference between the .05 of 2020 and the .05 of 2024, is the outstanding shares have gone from 40M to 300M
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weo1998 weo1998 4 months ago
Can someone tell me when the good stuff is suppose to start? Are you kidding me on the 10Q? Revenue down 48%? What's left to hang on to here? How did I ever get sucked into this? Absolutely pathetic.
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LocWolf LocWolf 4 months ago
HealthLynked Partners with RxSpark to Enhance Medication Access and Management for Patients

Naples, FL -- August 12, 2024 -- InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a leader in healthcare technology and patient engagement solutions, is excited to announce a strategic partnership with RxSpark, a platform dedicated to providing affordable prescription medications and healthcare services. This collaboration aims to enhance the patient's experience by integrating HealthLynked's advanced healthcare network with RxSpark's pharmacy discounts and prescription price comparison tool.

HealthLynked users can access significant discount Vouchers on prescription medications for free by downloading the HealthLynked app or visiting the HealthLynked website. This partnership ensures patients have seamless access to medications at competitive prices.

For more information and to explore prescription savings, please visit HealthLynked's website.

A Unified Approach to Healthcare and Medication Management

The partnership between HealthLynked and RxSpark represents a significant advancement in patient-centered care, leveraging both companies' strengths to offer a comprehensive healthcare solution. HealthLynked's sophisticated, cloud-based platform facilitates the seamless exchange of medical information among patients and healthcare providers, enhancing care coordination and efficiency. RxSpark's powerful technology includes localized price comparison based on zip code, and a pharmacy discount program offering some of the most competitive prices in the USA. RxSpark offers access to over 50,000 medications through its program. Through this exciting integration, HealthLynked members can now find savings of up to 90% off their medications, as well as easily manage their prescriptions and ensure timely access to necessary medications.

Key Benefits of the Partnership:

Enhanced Prescription Management: Patients can now use HealthLynked's platform to manage their prescriptions more efficiently. By integrating RxSpark's services, they can compare prices across various pharmacies, ensuring they receive the most cost-effective options available.
Improved Access to Affordable Medications: With RxSpark's vast network of participating pharmacies and fair drug pricing, patients will have greater access to their prescribed medications, reducing the barriers often associated with prescription fulfillment.
Streamlined Healthcare Experience: This partnership aims to create a more cohesive healthcare journey for patients by combining HealthLynked's medical information management capabilities with RxSpark's next-generation pharmacy savings platform. Patients can now manage their health records, schedule appointments, and handle their prescription needs all in one place.
Cost Savings for Patients: RxSpark's price comparison feature will help patients save on their medications, addressing the rising costs of healthcare and ensuring affordability. HealthLynked members can take advantage of these savings directly through their HealthLynked accounts.

Innovating Healthcare for a Better Future

Dr. Michael Dent, CEO of HealthLynked, expressed his enthusiasm for the partnership: "At HealthLynked, we are dedicated to revolutionizing the healthcare experience for our patients. Partnering with RxSpark allows us to provide an integrated solution that addresses a critical aspect of healthcare—medication management. This collaboration will not only enhance our platform's capabilities but also ensure our patients have access to affordable and timely medications, ultimately improving their health outcomes."

John Casson, CEO and Founder of RxSpark, added, "We are thrilled to join forces with HealthLynked. This partnership aligns perfectly with our mission to make prescription medications more affordable and accessible. By integrating our health technology with HealthLynked's innovative healthcare platform, we can offer patients an unprecedented level of convenience and savings, helping them manage their health more effectively."

About HealthLynked Corp.

HealthLynked Corp. is committed to transforming global healthcare through technology and connectivity. Our mission focuses on two main goals: enhancing healthcare efficiency and fostering a patient-centric network to accelerate medical discoveries and cures. Our platform empowers patients with control over their medical information, facilitating collaboration and breakthroughs in health and wellness.

The HealthLynked Network is a cloud-based platform enabling seamless exchange of medical information among patients and healthcare providers. By centralizing and securing medical data, members can manage their healthcare with ease and efficiency.

HealthLynked enhances patient care by improving communication and access to critical health information. Providers can claim their profiles, access our suite of marketing tools, and gain valuable insights into practice operations.

We prioritize the ethical management of healthcare data, ensuring the privacy and security of our members' information. HealthLynked does not sell healthcare data.

Join us in our journey towards a healthier future. Download the HealthLynked app on Apple or Android devices and take control of your healthcare today. Visit www.healthlynked.com for more information and connect with us on Twitter, Facebook, Instagram, and LinkedIn.

About RxSpark

RxSpark is a comprehensive health platform that offers a next-generation pharmacy discount program and other healthcare services. By providing a price comparison tool and some of the most competitive and fair prescription pricing in the USA, RxSpark ensures patients receive their medications at the best possible prices. The platform is dedicated to improving access to affordable healthcare and making medication management more efficient for patients across the United States.

Investor Relations:
HealthLynked Corp.
Michael Paisan
Director of Investor Relations
mpaisan@healthlynked.com
800-928-7144

https://ih.advfn.com/stock-market/USOTC/healthlynked-qb-HLYK/stock-news/94361519/healthlynked-partners-with-rxspark-to-enhance-medi
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LocWolf LocWolf 5 months ago
HealthLynked Expands Telemedicine Nationwide

Naples, FL -- July 17, 2024 -- InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a global leader in healthcare network technology, today announced a strategic partnership with national telemedicine provider HC Smart, Inc. to extend HealthLynked's telemedicine services across the United States. This expansion, set to go live within the next four weeks, is expected to significantly enhance HealthLynked's offerings and accessibility.

Expansion Overview

This pivotal collaboration will integrate HC Smart's advanced telemedicine capabilities into HealthLynked's existing platform, providing nationwide coverage to all HealthLynked members. By offering reduced-cost telemedicine consultations as part of HealthLynked's membership program, this initiative ensures that HealthLynked Network members can access high-quality healthcare from the comfort of their homes. Previously confined to Florida, this nationwide rollout marks a significant milestone in HealthLynked's mission to make healthcare more accessible and affordable.

Enhanced Service Offerings

HealthLynked's telemedicine expansion includes a comprehensive range of services designed to meet diverse patient needs:

Primary Care Consultations: Accessible general health consultations with certified primary care providers.
Specialist Services: Including counseling, psychiatry, and dermatology, ensuring specialized care is available to all members.

Flexible Appointment Scheduling

HealthLynked allows for booking both in-office and telemedicine appointments, offering patients the flexibility to choose the most convenient option. This integration streamlines the process, making it as simple to book a medical appointment as reserving a table at a favorite restaurant.

Membership Benefits

Premium members will enjoy discounts on telemedicine services and access to various membership plans. The current membership plan includes concierge services such as medical profile setup, nurse chat, online appointment booking, medical record management, and more. At this membership level, telemedicine services are expected to launch at $50 per call, a significant saving compared to the typical cost of an in-office visit or walk-in clinic, which can range from $200 to $300.

HealthLynked plans to introduce programs offering discounted rates on telemedicine visits, allowing users to save by purchasing multiple visits upfront. These packages cater to various healthcare needs, enabling users to choose a plan based on their anticipated usage over the course of a year. By buying more visits in advance, users can effectively manage healthcare costs while ensuring convenient access to medical care.

Executive Statements

Dr. Michael Dent, CEO of HealthLynked, commented: "The healthcare landscape is rapidly evolving as patients demand more affordable and convenient healthcare solutions. Traditional methods of seeing a provider often involve numerous value-eroding steps, such as finding a doctor that is located nearby, making an appointment, gathering medical records, and ensuring the doctor accepts their insurance. HealthLynked has addressed these pain points by simplifying the process of finding a doctor, booking appointments, and managing medical records. With the expansion of our telemedicine service, we are increasing the value-capturing solutions that allow patients to see a healthcare provider more conveniently and at a lower cost. Unlike other telemedicine providers, HealthLynked connects in-office appointments with telemedicine visits, allowing patients to seamlessly share their care with local healthcare providers after a remote consultation."

Edward Mandel, CEO of HC Smart, added: "We are thrilled to partner with HealthLynked to bring our advanced telemedicine capabilities to a broader audience. This collaboration aligns with our mission to innovate and enhance healthcare delivery, ensuring patients receive timely and efficient care regardless of their location. Together, we are setting new standards for telemedicine services in the United States."

Investor Insights

For investors, this expansion represents a significant growth opportunity in the expanding telehealth market. By leveraging HealthLynked's robust data integration and AI capabilities, the company not only differentiates itself but also is well-positioned to capture a larger market share from pure monoline telemedicine providers. According to a year-end 2023 research report by Grandview Research, the telemedicine market is projected to grow at a compound annual growth rate (CAGR) of 24.3%, reaching $286 billion by 2030, underscoring the substantial growth potential for HealthLynked's innovative solutions.

About HC Smart

HC Smart, Inc. is a national expert and service provider in telemedicine and health concierge services. Their mission is to deliver optimized health concierge solutions to save healthcare costs, provide immediate care, and promote wellness. They offer services such as 24/7 access to licensed physicians via phone, email, or video, avoiding crowded waiting rooms, and treating common ailments from home. Their offerings include the MD Hotline™ Concierge for individuals and groups, and a personal health and wellness program.

For more details, visit HC Smart.

About HealthLynked

HealthLynked Corp. is dedicated to improving global community health. Our mission is to transform healthcare into a system marked by enhanced efficiency and improved care for all, leveraging cutting-edge technology and connectivity that places patients at the heart of their own healthcare journey. The HealthLynked Network is a sophisticated, cloud-based platform designed to facilitate the seamless exchange of medical information among patients and healthcare providers. By centralizing and securing medical data, the HealthLynked Network allows patient members to take an active role in managing their healthcare with unparalleled ease and efficiency, while offering providers an environment where they can gain valuable insights into practice operations, enhance patient compliance and optimize scheduling.

For more information about HealthLynked Corp., including details on how to become a part of our growing community, please visit our website at www.healthlynked.com. Connect with us on social media through Twitter, Facebook, Instagram, and LinkedIn to stay updated on our latest innovations and services. Download the HealthLynked App for Apple or Android.

Forward-Looking Statements & Risk Factors

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.

Investor Relations Contact:

Michael Paisan, Director of Investor Relations
Phone: 1-800-928-7144, ext 123
Email: ir@healthlynked.com
Website: www.healthlynked.com
https://ih.advfn.com/stock-market/USOTC/healthlynked-qb-HLYK/stock-news/94207499/healthlynked-expands-telemedicine-nationwide
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LocWolf LocWolf 5 months ago
I'm surprised we are holding .08 share price?
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shiloh12 shiloh12 6 months ago
Good read, maybe Dent is on to something;) https://www.forbes.com/sites/saibala/2024/06/21/nvidias-work-in-healthcare-is-just-getting-started/
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LocWolf LocWolf 6 months ago
Well it is something........ https://ih.advfn.com/stock-market/USOTC/healthlynked-qb-HLYK/stock-news/94028457/healthlynked-introduces-innovative-online-medical

Seems to me Dr. Dent never give up and just keeps on plugging along and trying to build up something at every chance.
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weo1998 weo1998 6 months ago
2 million trade yesterday up .035 cents. Trade 420k today down .03 cents lmao. Why would anyone buy a thing on this exchange lol.
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marblemouth marblemouth 6 months ago
Yup, feel bad for anyone who sells before our raise back to $1.
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shiloh12 shiloh12 6 months ago
A 2M buy today and it doubled,on nothing but volume. When and if real news ever happens the SP will respond accordingly.
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marblemouth marblemouth 7 months ago
Totally agree regarding not much downside. I've been invested in this stock for 5 plus years and we are now at the lowest prices. The big difference is business is moving in the right direction, and definitely not going bankrupt. Dr. Dent is worth more than 100 million dollars and will inject liquidity when the company needs it.

The presidential election is right around the corner and we will lower interest rates soon. This will help low-cap stocks.

I'm holding and feel bad for anyone holding this for years who gets impatient and sells before the turn.
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shiloh12 shiloh12 7 months ago
Sometimes ya gotta have faith. Not much downside from here but upside....
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LocWolf LocWolf 7 months ago
weo1998...everything you stated in your last message is sad but true, everything.
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weo1998 weo1998 7 months ago
I have given HLYK an additional 6 months to come up with something that looks commercially viable with regard to their technology. The company came out with their commitment in late December and I bought in by buying additional shares. As of today, those shares are also underwater. Based on past statements by a previously lying CEO (in my opinion) and the lack of any significant progress here, I am looking to finally vacate my position in this blunder. My feeling is something is better than nothing.

The other headwind here is lack of interest in the OTC market. The days of finding a diamond in the rough on this exchange are over in my opinion. There is not enough volume or eyes on stocks that trade on this exchange any longer in my opinion. I believe this exchange is more crooked now than before. All the regulation that tried to make this a more formidable exchange has evaporated or never existed. Just watch the trading in OTC stocks that get some news. There is a very small bump up in price and then the market makers take it right back down and in most cases lower than before the news. All say just selling on the news lol.

I still have 4 OTC stocks that I currently hold but not the quantities I used to buy. 3 are trading and 1 is on the gray's. Beside HLYK I own ASRE & BLFR. the latter two, just small positions but frustrating none the less. Those two stocks have basically tanked since I decided to take a small position.

With regard to HLYK. While it hasn't really shown in the OS and float numbers, nothing is moving this stock in a positive direction. There just isn't interest in start up company's with small floats or not. Dr Dent is slowly diluting this stock with announcements like yesterday. Look at the strike price on the note, less than the current price. That tells me this is going lower, not higher in my opinion.

Like I said previously, just my two cents.
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LocWolf LocWolf 7 months ago
Hopefully I'm wrong? https://www.sec.gov/ix?doc=/Archives/edgar/data/1680139/000121390024050045/ea0207368-8k_health.htm
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LocWolf LocWolf 7 months ago
Dr. Dent must come up with something else as this (as you said) just won't get it however, I did mention a year or so ago that possibly he was going to use HLYK as a venue in a way once the other businesses within get strong but HLYK doesn't that in the end Dent will have his choice of business entities to keep due to his past investments still able to run his exist medical practices as he has always done prior.

I'm still going to hold as it isn't worth selling anyways. It sure would be cool if the sky opens but it would be cool to win the lottery too....I guess dream on!
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weo1998 weo1998 7 months ago
I think Dr Dent could put 25 Million dollars into this and there still would be no interest. Best I can say to him is good luck cause I sure don't see anything that would entice anyone to buy this stock and it's at .05. Just my opinion.
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LocWolf LocWolf 7 months ago
I am curious about hearing news related to India. No doubt we have things brewing in that country bur what? When will we hear about that connection?
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LocWolf LocWolf 7 months ago
Wow...a very weak update but at least it is something but at the SLOW progress we are moving it is very concerning. If the AI is unable to answer a query, the chat will be seamlessly transferred to a live representative. It seems to me this will quickly run into some confusion then hand off to a live agent. I will be real surprised if no complaints are made involving this new chat system however it is nice to have so maybe we all will be surprised in a good way?

________________________
My post are generally hard to read to begin with and I'm also recovering from a 4 level cervical fusion that was done 20 days ago.
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LocWolf LocWolf 7 months ago
We got an update on news today......
https://investors.healthlynked.com/presstype/healthlynked-introduces-ai-powered-chat-function-to-enhance-healthcare-accessibility/

NAPLES, Fla., May 28, 2024 (GLOBE NEWSWIRE) — via IBN — HealthLynked Corp. (OTCQB: HLYK), a leading innovator in healthcare technology, is thrilled to announce the launch of its new AI-powered chat function designed to assist patients in finding healthcare providers across the country. This advanced feature will significantly enhance the effectiveness of the HealthLynked Concierge Team, reducing wait times and offering 24/7 service to users.

The new AI chat bot will provide instant answers to customer questions and assist in locating healthcare providers by name, specialty, or location. Over the next few months, HealthLynked plans to integrate its comprehensive healthcare provider database with the AI system, ensuring users can access up-to-date information on medical professionals nationwide. If the AI is unable to answer a query, the chat will be seamlessly transferred to a live representative.

Dr. Michael Dent, CEO of HealthLynked, stated, “Our new AI chat function is a testament to our commitment to leveraging cutting-edge technology to improve healthcare accessibility. By integrating AI into our platform, we can provide more efficient and timely support to our users, ensuring they receive the care they need without unnecessary delays.”

Chris Hall, CTO of HealthLynked, added, “The integration of AI into our concierge service is a significant milestone for HealthLynked. This technology will streamline our operations, reduce wait times, and enhance the overall user experience. We are excited to continue developing and deploying advanced AI tools to meet the evolving needs of our users.”

As HealthLynked continues to expand its AI capabilities, the company anticipates delivering more effective, timely, and cost-efficient solutions to users seeking healthcare answers. This innovation underscores HealthLynked’s mission to revolutionize patient care through data integration and advanced technology.

For more information about HealthLynked and its new AI chat function, please visit HealthLynked’s website or contact HealthLynked at IR@healthlynked.com.

About HealthLynked

HealthLynked Corp. is dedicated to improving global community health. Our mission unfolds in two pivotal goals: First, to transform healthcare into a system marked by enhanced efficiency and improved care for all, leveraging cutting-edge technology and connectivity. Second, to forge a patient-centric network that not only places patients at the heart of their healthcare journey but also mobilizes their participation to accelerate medical discoveries and the development of cures for diseases that impact humanity. This pioneering model empowers individuals with unparalleled access to and control over their medical information, fostering a collaborative environment where every patient contribution can spearhead breakthroughs in health and wellness. Through these concerted efforts, we aim to secure a healthier future for generations to come.

At the heart of our endeavors is the HealthLynked Network, a sophisticated, cloud-based platform designed to facilitate the seamless exchange of medical information among patients and healthcare providers. By centralizing and securing medical data — including medications, allergies, past surgeries, and personal health records — our members are empowered to take an active role in managing their healthcare with unparalleled ease and efficiency.

HealthLynked is a beacon for healthcare providers, offering an ecosystem that enhances patient care through improved communication and access to critical health information. Our network fosters an environment where providers can gain valuable insights into practice operations, enhancing patient compliance and optimizing scheduling. Providers are encouraged to join our network by updating their profiles, thereby accessing HealthLynked’s suite of tools designed to decrease patient wait times, increase patient volumes, and foster meaningful engagements with patients.

A cornerstone of our philosophy is the ethical management of healthcare data. HealthLynked does not sell any healthcare data, ensuring the privacy and security of our members’ information at all times.

We invite you to join us in this journey towards a healthier future. Download the HealthLynked app today, available on both Android and Apple devices, and take the first step in taking control of your healthcare.

For more information about HealthLynked Corp., including details on how to become a part of our growing community, please visit our website at www.healthlynked.com.

Download for Apple

Download for Android

Together, we are paving the way for a future where healthcare is more accessible, efficient, and interconnected than ever before. Welcome to the next generation of healthcare. Welcome to HealthLynked.

For more about HealthLynked Corp., please visit www.healthlynked.com. Stay connected with HealthLynked on Twitter, Facebook, Instagram, and LinkedIn.
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LocWolf LocWolf 7 months ago
I see on the 16th we had news about 8 percent revenue growth but still see Dr. Dent in a cramp position or rather us shareholder.
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shiloh12 shiloh12 8 months ago
Almost seems like Dent is crying for help, another nothingburger..for now.
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LocWolf LocWolf 8 months ago
I just went to IBN https://www.investorbrandnetwork.com/clients/healthlynked-corp/

Nice find but we are so far out on a limb I just don't know but hanging on too.
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shiloh12 shiloh12 8 months ago
https://finance.yahoo.com/news/healthlynked-ibn-join-forces-enhance-123000022.html
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SmallCapStockAlert SmallCapStockAlert 8 months ago
These guys have zero knowledge and experience of what drives liquidity and valuations. Moving on to. far greener pastures. Dead money here for years to come.
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LocWolf LocWolf 8 months ago
Of course nothing but real news is going to move this stock upward plus the ability to keep it from falling back but I did figure that Dr. Dent would have had a "Proactive video" by now introducing the new CFO.
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LocWolf LocWolf 9 months ago
It appears the computer running these trades can't even keep the stock price from falling.
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shiloh12 shiloh12 9 months ago
Personally glad the ''BIG GAME HUNTER" is hunting somewhere's else now.
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weo1998 weo1998 9 months ago
This stock is down over 95% from it's high. No one here is making any money. Good riddance he's gone. It was his forward statements about joining the Nasdaq is why I stayed in this at much higher prices like in the $.70's. The fact that this is trading at .06 and nobody wants it, is a tribute of poor leadership.

I am still here and keep hoping but that's a piss poor way to invest.

Just my opinion.

weo
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LocWolf LocWolf 9 months ago
CFO - George O'Leary, thank you for your support and professionalism within the HealthLynked Family.

George O'Leary tendered his resignation as Chief Financial Officer of HealthLynked Corp., a Nevada corporation (the “Company”) effective April 4, 2024.
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LocWolf LocWolf 9 months ago
HealthLynked Announces Fourth Quarter and Full Year 2023 Results Highlighted by 70% Reduction in Net Loss for Q4



NAPLES, FL -- April 2, 2024 -- InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a leader in healthcare networking and technological innovation, announced its financial results for the fourth quarter and full year ended December 31, 2023. With strategic advancements and its focus on core healthcare technologies and networking capabilities, HealthLynked achieved a significant 70% reduction in net loss for the fourth quarter, highlighting a period of fiscal management and strategic positioning for future growth.

Full Year 2023 Financial Results

Strategic Focus and Technological Innovations Pave the Way for an Optimistic Outlook: HealthLynked reported a modest 2% revenue decrease to $5.72 million, attributed in part to the retirement of, and contracts ending for, certain key physicians and the onboarding phase of new physicians at several clinical sites. Despite these temporary staffing adjustments, HealthLynked's strategic direction and the release of the new pay app version 3.2.0 quartering first quarter 2024 create a new opportunity for core revenue growth. The forthcoming integration of ARI, our AI-driven healthcare guide, into the newly released HealthLynked app represents a pivotal stride towards leveraging technology to enhance our healthcare network's effectiveness.

Operational Efficiency through Key Enhancements: Optimization of operational expenses led to a 52% cut in operational losses, demonstrating HealthLynked's commitment to financial stewardship and operational efficiency. Strategic restructuring resulted in a 19% reduction in operating expenses. Exclusive of impairment charges, the operational loss declined by 35%. Our targeted efforts to refine operations and strategically invest in our healthcare network and technology capabilities have poised us for sustainable growth and a solid financial footing.

Solid Financial Health from Strategic Divestiture: The strategic sale of ACO Health Partners, alongside the gains realized from this initiative, contributed significantly to our financial restructuring, bringing in $3.76 million. This move underscores our focus on our core competencies in healthcare networking and technological innovation, significantly bolstering our liquidity and financial resilience.

Dramatic Net Loss Reduction: A significant decrease in net loss to $1.01 million in 2023 from $8.82 million in 2022 illustrates the positive impact of our strategic divestitures, operational efficiencies, and profit stabilization despite temporary staffing changes. The integration of cutting-edge technologies and our strategic focus creates a path forward of continued growth and operational improvement.

Fourth Quarter 2023 Financial Results

Revenue Commitment to Core Technologies Following Staffing Transition: Revenue declined to $0.93 million in Q4 2023, primarily as a result of temporary physician staffing adjustments along with associated physician pay. This new baseline in cost prepares HLYK for improved profitability in the second half of 2024 with an expected operating profit by the end of the fiscal year. The introduction of our new pay app version 3.2.0 is indicative of our focus on achieving profitability and technological leadership in the healthcare sector by the end of 2024.

Strategic Initiatives Lead to Reduced Operating Loss: A 73% reduction in operating loss to $1.11 million in Q4 2023, demonstrating our resilience and strategic focus during a period of staffing transition. Exclusive of a $2.75 million Q4 2022 impairment charge, the operating loss decline was 21%. This underscores our commitment to operational efficiency and financial health.

Substantial Improvement to Net Loss Reflects Strategic Strength: A 70% reduction in net loss to $1.29 million in Q4 2023, underscores the effectiveness of our strategic initiatives, showcasing our adaptability and commitment to navigating towards long-term financial sustainability and growth.

Executive Insights

Dr. Michael Dent, CEO of HealthLynked, stated, "The recent launch of our pay app version 3.2.1 and the forthcoming integration of ARI mark significant milestones in our mission to transform healthcare delivery and drive additional revenues. Despite temporary staffing transitions, our focus on our core healthcare network and technological innovations positions us for substantial growth and profitability. We continue to grow our user base while integrating technology that improves patient care and the efficient exchange of medical information between doctors and patients."

George O'Leary, CFO of HealthLynked, added, "Our strategic decisions throughout 2023 have laid a solid groundwork for growth. By concentrating on our core technologies and healthcare network, HealthLynked is poised to advance more profitably, continuing to innovate and lead in the healthcare sector."

HealthLynked's dedication to driving healthcare innovation through strategic focus and technological advancement remains strong. We are grateful for the continued support of our investors and stakeholders as we navigate these transitions and stride towards a future marked by growth, innovation, and enhanced healthcare outcomes.

About HealthLynked

HealthLynked Corp. is dedicated to improving global community health. Our mission unfolds in two pivotal goals: First, to transform healthcare into a system marked by enhanced efficiency and improved care for all, leveraging cutting-edge technology and connectivity. Second, to forge a patient-centric network that not only places patients at the heart of their healthcare journey but also mobilizes their participation to accelerate medical discoveries and the development of cures for diseases that impact humanity. This pioneering model empowers individuals with unparalleled access to and control over their medical information, fostering a collaborative environment where every patient contribution can spearhead breakthroughs in health and wellness. Through these concerted efforts, we aim to secure a healthier future for generations to come.

At the heart of our endeavors is the HealthLynked Network, a sophisticated, cloud-based platform designed to facilitate the seamless exchange of medical information among patients and healthcare providers. By centralizing and securing medical data — including medications, allergies, past surgeries, and personal health records — our members are empowered to take an active role in managing their healthcare with unparalleled ease and efficiency.

HealthLynked is a beacon for healthcare providers, offering an ecosystem that enhances patient care through improved communication and access to critical health information. Our network fosters an environment where providers can gain valuable insights into practice operations, enhancing patient compliance and optimizing scheduling. Providers are encouraged to join our network by claiming their profiles, thereby accessing HealthLynked's suite of marketing tools designed to foster meaningful engagements with patients.

A cornerstone of our philosophy is the ethical management of healthcare data. HealthLynked does not sell any healthcare data, ensuring the privacy and security of our members' information at all times.

We invite you to join us in this journey towards a healthier future. Download the HealthLynked app today, available on both Android and Apple devices, and take the first step in taking control of your healthcare.

For more information about HealthLynked Corp., including details on how to become a part of our growing community, please visit our website at www.healthlynked.com.

Download for Apple

Download for Android

Together, we are paving the way for a future where healthcare is more accessible, efficient, and interconnected than ever before. Welcome to the next generation of healthcare. Welcome to HealthLynked.

For more about HealthLynked Corp., please visit www.healthlynked.com. Stay connected with HealthLynked on Twitter, Facebook, Instagram, and LinkedIn.



Forward-Looking Statements & Risk Factors

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.



For further information, please contact:

HealthLynked Corp
Public Relations
Email: pr@healthlynked.com


Investor Relations:
Michael Paisan, Director of Investor Relations
Phone: 1-800-928-7144, ext 123

Website: www.healthlynked.com


HealthLynked Corp.

Selected Consolidated Financial Data

Year and Quarter Ended December 31, 2023, and 2022
https://ih.advfn.com/stock-market/USOTC/healthlynked-qb-HLYK/stock-news/93589555/healthlynked-announces-fourth-quarter-and-full-year
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