- MCI Onehealth (DRDR) is accelerating its digital health adoption initiative by acquiring a series healthcare technologies and clinics
- As a result, telehealth consultations represented over 40 per cent of all the company’s consultations during its fourth quarter
- Alongside the telehealth boom, the company had a 120 percent revenue increase from privately paid for health services during the same quarter
- MCI currently has 25 technology-enabled clinics and serves over 850 thousand patients annually
- MCI Onehealth is up 7.50 per cent and is trading at C$4.30 per share
MCI Onehealth (DRDR) is accelerating its digital health adoption initiative by acquiring a series healthcare technologies and clinics.
MCI Onehealth has been part of the healthcare community for over 30 years. It currently has 25 technology-enabled clinics and serves over 850 thousand patients annually.
On January 19, 2020, MCI Onehealths CEO will be presenting at Canaccord Genuity’s
“Canadian Tech: New Wave of Public Companies Virtual Conference”.
This conference educated investors on the cohort of new public Canadian technology companies while connecting them with people who may form the next wave of new issuers in the coming year.
During 2020, MCI Onehealth saw continued growth with having over 26 thousand telehealth consultations. Telehealth consultations represented over 40 per cent of all consultations during its fourth quarter.
Today MCI Onehealth released news it had a 120 percent revenue increase from privately paid for health services during its fourth quarter.
The increased use of privately insured services highlights increasing a profitable revenue stream and its overall growth.
MCI Onehealth has around two million accessible patient records already. In the future, MCI Onehealth hopes to be one of the largest de-identified primary care databases in Canada to empower physicians.
The company has outlined three potential revenue streams it expects in 2021.
One primary source is the traditional government-funded healthcare services pushes by visits and government reimbursements.
Second on that list is the privately funded healthcare services such as occupational health for corporate customers and corporate benefits. These services include third party contractors at MCI Onehealth’s brick and mortar clinics.
Lastly, MCI Onehealth will look to the use of technology solutions, including commercializing opportunities utilizing de-identified data insights for additional revenue.
MCI Onehealth is up 7.50 per cent and is trading at C$4.30 per share at 4 PM EST.
