14:13:16 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Well Health Technologies Corp
Symbol WELL
Shares Issued 239,515,338
Close 2024-02-07 C$ 3.95
Market Cap C$ 946,085,585
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Well Health creates dedicated public sector group

2024-02-07 10:21 ET - News Release

Mr. Hamed Shahbazi reports

WELL HEALTH ANNOUNCES THE CREATION OF A DEDICATED PUBLIC SECTOR GROUP TO HELP TECH ENABLE PUBLIC HEALTH SYSTEMS OPERATING AT SCALE

Well Health Technologies Corp. has created a dedicated public sector group to help public health systems and related large enterprises operating at scale with technology enablement.

The objective of this group is to combine and deliver product offerings that are specifically suited for public sector's unique scale and requirements. Well's public sector offerings leverage Well's deep operating strengths which include Canada's leading physician provider-centric technology platform and the largest network of outpatient clinics in Canada. Well has a broad public sector product offering which includes both technology and care providers, a robust virtual care delivery platform, provider productivity applications such as eReferral, eConsult, eOrder, on-line patient booking, waiting room automation, intelligent questionnaires, digital front door solutions, secure messaging, FHIR interoperability solutions, artificial-intelligence-enabled ambient scribe, clinical decision support, inbox solutions and many other applications. The public sector, both at the federal and provincial levels, has been increasingly focused on helping digitize the health system, as evidenced by Ottawa's recent $46.2-billion commitment where a modernized health system is one of the four key investment pillars. Well Health Technologies is proud to be supporting governments by leveraging its extensive and broad capabilities to support the modernization of the health system.

Amir Javidan, Well's chief operating officer, commented: "We can very proudly say that we have always been a public sector friendly company given that a significant majority of our revenues in Canada are generated in support of the public health ecosystem. Given the unique strengths of our digital and clinical operations, we believe we have the products, services and ability to deliver industry-leading made-in-Canada solutions that will allow public health to support their health care providers and allow them to offer the best patient outcomes possible. We are not aware of any other company that has the same breadth of products, services and team members including care providers available to support public health."

Shane Sabatino, chief people officer and head of public sector partnerships, commented: "The formation of this division is a clear demonstration of our interest in supporting public health. This isn't just a job for us, it's a passion and a privilege to serve and support public health. To our knowledge no other non-governmental group delivers more patient visits in Canada than Well. This has given us tremendous insights into our public health ecosystem and positions us to be valuable to our public health partners."

Well has named Shane Sabatino, Well's CPO, as head of public sector partnerships who will closely work with Well's chief operating officer, Amir Javidan, who oversees the public sector division to deliver for public health authorities. Well recently announced that its subsidiary OceanMD has entered into a five-year $38.5-million contract with the PHSA to support British Columbians with eReferral, eConsult, eOrder solutions, secure messaging, and smart forms. This is in addition to other contracts held by Ocean with the provinces of Ontario and Nova Scotia.

Well's approach to public sector projects is very much aligned with its overall cultural approach to conducting business. It always seeks to: 1. Safeguard, respect and treat any funding as if it were to come from the company's own corporate funds, 2. Demonstrate openness to working with other companies serving the public sector in a co-operative manner that derives value for public health, 3. Support innovative early stage companies which are seeking to make a positive impact, and, last but not least, 4. Do everything it can to support the health care providers which have always been the backbone of the health care ecosystem.

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 and back-office management software applications that help physicians run and secure their practices. Well's solutions enable more than 33,000 health care providers between the United States and Canada and power the largest owned and operated health care ecosystem in Canada with more than 165 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. Well is publicly traded on the Toronto Stock Exchange under the symbol WELL and on the OTC Exchange under the symbol WHTCF.

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