HealthLynked Announces Subsidiary ACO Health Partners, LLC, will receive $2.4M in Medicare Shared Savings, a 213% Increase from $768k Prior Year Shared Savings
NAPLES, Fla., Sept. 21, 2021 /PRNewswire/ — HealthLynked Corp. (OTCQB: HLYK), a global healthcare network focused on care management and a provider of healthcare technologies that connects doctors, patients, and medical data, today announced its subsidiary ACO Health Partners LLC will receive $2.4M in Medicare Shared Savings from the Centers for Medicare & Medicaid Services (CMS). This represents a 213% increase over the $768k in Shared Savings ACO Health Partners received the previous year.
HealthLynked purchased ACO Health Partners in May 2020 and since has seen substantial increases in both shared savings (213% growth this year) and the number of attributed Medicare lives. The payment for the annual Shared Savings from CMS is expected at the end of September or early October.
George O’Leary, Chief Financial Officer and head of M&A for HealthLynked, stated, “We are very pleased with the performance in ACO Health Partners since we acquired the company. HealthLynked expects to see Q3 2021 revenue of approximately $4M or about 66% of its total 2020 annual revenue of $6.1M.”
Marsha Boggess, President of ACO Health Partners, said, “since the acquisition of ACO Health Partners, we have seen a significant increase in our quality measures, which is a key contributor to our enhanced performance in shared savings.”
About HealthLynked Corp.
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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