Business
WELL Health Provides Business Update Reflecting Strong Growth and Enhanced Revenue Outlook for Q1-2022
WELL Health Provides Business Update Reflecting Strong Growth and Enhanced Revenue Outloo...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Provides Business Update Reflecting Strong Growth and Enhanced Revenue Outlook for Q1-2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WELL expects\n \n 1\n \n to announce strong financial results for Q1-2022 with another record performance as revenues are expected to be greater than\n \n $120 million\n \n in the quarter.\n \n \n Total omni-channel patient visits\n \n 2\n \n in Q1-2022 increased by 62% compared to Q1-2021 and reflected a 10% increase when compared to Q4-2021.\n \n \n WELL's US focused virtual patient services businesses continue to grow rapidly, with Circle Medical and Wisp exceeding $100 million in annualized revenue run-rate on a combined basis in\n \n March 2022\n \n , reflecting over 150% YoY growth and delivering positive Adjusted EBITDA\n \n 3\n \n .\n \n \n The Ontario Medical Association (\"OMA\") recently ratified a new physician agreement that increases rates for a variety of procedures and diagnostics benefitting WELL's MyHealth business.  The new agreement also supports a multi-channel service delivery model inclusive of integrated virtual care tools as well as in-person interactions.\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 25, 2022\n \n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \"), a digital health company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their...