06:04:47 EDT Sat 04 May 2024
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Well Health Technologies Corp
Symbol WELL
Shares Issued 235,270,226
Close 2023-07-06 C$ 4.36
Market Cap C$ 1,025,778,185
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Well Health Technologies releases second ESG report

2023-07-07 10:14 ET - News Release

Mr. Hamed Shahbazi reports

WELL HEALTH RELEASES SECOND ESG REPORT: "TAKING CARE OF THE CARE PROVIDERS"

Well Health Technologies Corp. has released its second ESG (environmental, social, governance) report. This report expands on the foundations and practices described in last year's inaugural report. The report outlines Well's theme for this year: taking care of the care providers.

"With this report, Well shareholders can be proud that their company is purposefully making a real difference in the lives of millions of people not only through its efforts to support health care providers but also in its commitment to safeguard health data," said Hamed Shahbazi, founder and chief executive officer of Well Health. "As Well shareholders we are very fortunate to have a business where our efforts to tech-enable and support health care providers doesn't just drive our economic engine but is at the heart of our strategy to deliver societal value. As we grow, we will make a more purposeful and positive impact on the communities we serve."

In pursuit of its objectives, Well continues to innovate and evolve, using leading-edge technologies such as artificial intelligence (AI) to make the health care experience better for everyone involved. Well also recognizes the potential of AI to help care providers and the company's team members work more effectively and efficiently, giving them back their time while providing them with opportunities to provide better care. To ensure that Well uses this powerful tool responsibly, it is establishing a new AI centre of excellence within its organization.

Shane Sabatino, chief people officer of Well, commented: "We are delighted to have received recognition from objective external parties. The 2022 S&P Global corporate sustainability assessment acknowledged our efforts, reflecting a significant improvement from the previous year. Similarly, Sustainalytics' rankings demonstrated a remarkable leap, indicating our dedication to enhancing ESG practices. These achievements validate our commitment to the three pillars of our ESG program: provider support and digital enablement, safeguarding patient data, and fostering a healthy workplace. With this positive momentum, we are confident in our ability to continue driving positive change."

Additional key highlights from this year's report include the use of Well's tools and technologies to substantially:

  • Improve care delivery by using Well's software capabilities to realize a 20-per-cent reduction in surgical wait times and a 52-day reduction in wait times for certain referral pathways and reducing medically unnecessary MRIs (magnetic resonance imaging) by 12 per cent for Ontarians where applied.
  • Decrease faxes with Well's best-in-class Ocean e-referral software which received 531,000 e-referrals in 2022, leading to the elimination an estimated five million fax pages which supported the environment and improved privacy.
  • Improve patients' convenient access to timely care by adding approximately 3,000 doctors' schedules to its on-line booking system, representing a 1,246-per-cent increase from January, 2021. This has allowed an estimated 3.9 million new patients from across Canada to access on-line booking services in the past year.
  • Improve the health care ecosystem's security posture by pro-actively leveraging its teams and tools to stress test and strengthen cybersecurity defences and protect patient data.

The company would like to thank the Well family for bringing this ESG report to life and making it part of the Well way of its day-to-day activities. Where Well can do good business, by doing good.

About Well Health Technologies Corp.

Well's mission is to tech-enable health care providers. It does this by developing the best technologies, services and support available, which ensures health care providers are empowered to positively impact patient outcomes. Well's comprehensive health care and digital platform includes extensive front-office and back-office management software applications that help physicians run and secure their practices. Well's solutions enable more than 28,000 health care providers between the United States and Canada and power the largest owned and operated health care ecosystem in Canada with more than 130 clinics supporting primary care, specialized care and diagnostic services. In the United States Well's solutions are focused on specialized markets such as the gastrointestinal market, women's health, primary care and mental health.

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