HealthLynked Announces Medical Membership Program Initial Results
Naples Center for Functional Medicine, a subsidiary of HealthLynked, reports 91% participation within the practice with over half of patients reporting
NAPLES, Fla., Dec. 27, 2022 /PRNewswire/ — HealthLynked (HealthLynked Corp.), a global healthcare network focused on care management of its members and a provider of healthcare technologies that connect doctors, patients, and medical data, announced that its subsidiary Naples Center for Functional Medicine has reported initial results of its Medical Membership and Concierge programs. Existing patients have until December 31, 2022 to join either program. To date, over 50% of patients have decided, with 79% participation in the Medical Membership and Concierge programs, 12% electing to continue with the practice’s newly added physician, Dr. Lina Sakr, and just 9% undecided or leaving the practice. With the practice’s current patient wait list, this 9% will be recovered rather quickly.
From a financial perspective, 399 patients have signed up for Medical Membership at $1,500 per year, and an additional 7 patients have signed up for the limited silver and gold Concierge levels, with only 8 remaining slots available. The total incremental annualized revenue received to date from the Medical Membership and Concierge programs is over $500,000, with approximately 50% of existing patients still to decide on participation before the end of 2022.
The practice’s fee for service rate increased by 10% on December 1, 2022. Any patient signing up by November 30, 2022 locked in the previous lower rate for the next twelve months.
George O’Leary, HealthLynked’s CFO, stated, “We are extremely pleased with the 91% participation to date. We saw a large increase in memberships during the last week of November and anticipate another large increase at the end of December, when the program signup for existing patients completes.”
HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. Members enter their medical information, including medications, allergies, past surgeries, and personal health records, in one convenient online and secure location, free of charge. Participating healthcare providers can connect with their current and future patients through the system. Benefits to in-network providers include the ability to utilize the HealthLynked patent-pending patient access hub “PAH” for patient analytics. Other benefits for preferred providers include HLYK marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling, and to fill last-minute cancelations using the Company’s “real-time appointment scheduling” all within its mobile application. Preferred providers pay a monthly fee to access these HealthLynked services. For additional information about HealthLynked Corp., please visit www.healthlynked.com and connect with HealthLynked on Twitter, Facebook, Instagram, and LinkedIn.
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SOURCE HealthLynked Corp.; Press Release; PRNewswire; https://www.prnewswire.com/news-releases/healthlynked-announces-medical-membership-program-initial-results-301710076.html
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