Business
WELL Health Provides Organic Growth Update for Ocean, WELL's Patient Engagement and eReferral Platform
WELL Health Provides Organic Growth Update for Ocean, WELL's Patient Engagement and eRefe...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Provides Organic Growth Update for Ocean, WELL's Patient Engagement and eReferral Platform\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.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CognisantMD achieved\n \n $4.3M\n \n in SaaS ARR\n \n (1)\n \n in\n \n January 2022\n \n reflecting 73% YoY organic growth. The company also achieved\n \n $5.0M\n \n in\n \n CARR\n \n (Contracted Annual Recurring Revenue) in the same month and delivered approximately 95% gross margins with positive EBITDA profitability.\n \n \n \n \n CognisantMD's Ocean Platform currently exceeds 2,000 active clinics, representing an increase of 700 clinics year-over-year.\n \n \n \n \n With 10+ integrations underway, including leading Hospital Information Systems (HIS), Ocean continues to deepen its interoperability and actively expand its Health Information Exchange.\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 17, 2022\n \n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (the \"\n \n Company\n \n \" or \"\n \n WELL\n \n \") — a company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally — is pleased today to share an update on the progress of CognisantMD, a wholly owned subsidiary of WELL that provides patient engagement technology and eReferral software solutions. CognisantMD's Ocean Platform (\n \n \"Ocean\"\n \n ), the Canadian category leader in digital patient engagement technology and eReferral software, achieved\n \n $4.3M\n \n in SaaS ARR\n \n \n (1)\n \n \n in\n \n January 2022\n \n reflecting 73% YoY organic growth. Ocean also achieved\n \n $5.0M\n \n in\n \n CARR\n \n (Contracted Annual Recurring Revenue) in the same month, wi...