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Biotech Stock Review: Mitesco to Launch Telehealth Enabled Primary Care Clinic Business with Q4 Rollout Addressing Healthcare Backlog Accentuated by the Second Wave Concerns
Biotech Stock Review: Mitesco to Launch Telehealth Enabled Primary Care Clinic Business with Q4 Rollout Addressing Healthcare Backlog Accentuated by the Second Wave Concerns.
About this update from Mitesco, Inc.
[{"type":"text","content":"\n Denver, CO, May 08, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Mitesco, Inc. (OTCQB: MITI) announced today the Biotech Stock Review has updated coverage and provides this update: The Biotech Stock Review initiated coverage on Mitesco Inc. last November after learning of their plans to launch a healthcare Accelerator designed to acquire mid-stage to late-stage startups, generally with revenues in the $2 million to $20 million range. “We are pleased to see four months after announcing the intentions, they completed their first acquisition, MyCare, LLC., which is led by the team that brought QuickMedix/Minute Clinic to scale. QuickMedix/Minute Clinic was acquired for an estimated $170 million by CVS in 2006,” stated Roland Rick Perry, Managing Editor of the Biotech Stock Review which was launched in 2002. Mr. Perry added, “Two concepts that have suddenly become extremely popular with patients, providers, and investors, due to recent events, are the concepts of Telehealth and Improved Access-to-Care. The experiences from the pandemic have shown the gaps in the current care system, and the limits to accessibility of care at a critical time. With a growing backlog of traditional healthcare visits deferred from the current episode, and the potential of a second wave as winter approaches, the MyCare launch in Q4 appears timely. Their plans include an emphasis on increased access where and when the patients need it. Additionally, Telehealth is a core tool that will be used to stay accessible to patients.” The backlog combined with the existing shortage of primary care providers is making it an opportune time for MyCare to launch its next-generation technology-enabled primary care clinics. Patients will have a trusted relationship with their provider that understands their unique care needs and they can seek advice and care with an in-person visit, by phone, or via telehealth.  MyCare plans a unique approach to leverage the limited pool of healthcare professionals by engaging Independent Nurse Practitioners (INP’s) who can become part of the MyCare network. The network will enable INP’s to post their availability to take telehealth calls and help others as MyCare builds out its practices and physical clinic locations, initially throughout Minneapolis, MN, then expanding nationwide. L...