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Healwell AI Inc
Symbol AIDX
Shares Issued 169,384,030
Close 2025-02-25 C$ 1.57
Market Cap C$ 265,932,927
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Healwell's VeroSource talks digital twin technology

2025-02-26 09:38 ET - News Release

Dr. Alexander Dobranowski reports

HEALWELL'S VEROSOURCE UNVEILS DIGITAL TWIN TECHNOLOGY TO BRING REAL-TIME INTELLIGENCE TO HEALTHCARE MANAGEMENT

Healwell AI Inc.'s subsidiary, VeroSource Solutions Inc., has unveiled new digital twin functionality on its proprietary VS data-as-a-service platform. A digital twin is a virtual representation of a health care system or facility. It is a digital copy allowing for analysis and prediction without directly manipulating the operations of the health care facility. With the ability to provide a comprehensive, real-time view of health care facility operations, the new digital twin technology is transforming the way facility managers and decision makers approach the complexities of health care environments.

VeroSource's digital twin technology incorporates additional data sources -- such as population demographics, disease trends and other critical external factors -- to help health care professionals make even more precise and data-driven decisions. This holistic approach ensures that health care facilities are not only optimized for day-to-day operations, but also prepared to meet future demands and challenges. VeroSource's suite of solutions is designed to drive down health care costs and improve patient outcomes by providing health system leaders with actionable insights derived from advanced data visualization.

Dr. Alexander Dobranowski, chief executive officer of Healwell, commented: "VeroSource's digital twin technology marks a significant milestone in the integration of advanced technology into health care facility operations, providing a new level of insight and control for health care professionals striving to deliver the highest quality of care, make data-driven decisions, reduce costs and optimize their resources. This innovation aligns seamlessly with Healwell's vision of leveraging AI [artificial intelligence] and technology to enhance health care efficiency and improve patient outcomes at scale."

Key features of VeroSource's digital twin functionality:

  • Seamless data integration: VeroSource's Digital Twin securely integrates HL7 and ERP (enterprise resource planning) data into the VS platform, ensuring that key data on facility traffic is centralized and easily accessible.
  • Dynamic virtual modelling: The platform uses these data to create an accurate, real-time virtual replica of the health care facility, offering an immersive and detailed visualization of operations.
  • Enhanced decision making: Facility managers and decision makers can gain actionable insights into facility capacity and assess the impact of potential decisions -- such as adding clinical staff or expanding space -- enabling more efficient and effective management.

Mark McAllister, chief executive officer of VeroSource, commented: "By providing health care managers with a complete and dynamic view of their facility's operations, VeroSource's digital twin is set to drive smarter decision making that improves patient care and operational efficiency. This solution represents the future of health care management, equipping organizations with the tools they need to thrive in an increasingly complex environment."

VeroSource securely integrates health data from sources such as EMRs (electronic medical records), pharmacies and hospital information systems into a single platform that is used for analysis across a variety of applications. The company has developed and validated best-in-class capabilities in data management, interoperability and rendering, which are key capabilities when unlocking clinical value and addressing unmet needs for patients and providers. VeroSource harnesses AI technology through its VS data-as-a-service platform, enabling powerful data visualization and unlocking value through actionable insights. The VeroSource infrastructure and suite of digital health solutions is fully compatible with Healwell's AI capabilities, enabling the expansion of Healwell's digital co-pilot tools into the VeroSource footprint as well as VeroSource's data interoperability and visualization tools to be used across Healwell's footprint.

About Healwell AI Inc.

Healwell is a health care artificial intelligence company focused preventive care. Its mission is to improve health care and save lives through early identification and detection of disease. Using its own proprietary technology, the company is developing and commercializing advanced clinical decision support systems that can help health care providers detect rare and chronic diseases, improve efficiency of their practices, and ultimately help improve patient health outcomes. Healwell is executing a strategy centred around developing and acquiring technology and clinical sciences capabilities that complement the company's road map. Healwell is publicly traded on the Toronto Stock Exchange under the symbol AIDX and on the OTC (over-the-counter) exchange under the symbol HWAIF.

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