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Founder, Chairman & CEO Of $1.5 Billion NeoGenomics, Dr. Michael Dent, Now Leading HealthLynked To Even Bigger Growth In New Mushrooming $142 Billion Digital Health Market

|Includes: Frelii, Inc. (FRLI), VEEV
Summary

Digital Health market is growing at CAGR of 27% and is $142 billion today and expected to be $379 billion by 2024.

Dr. Dent founded billion-dollar NeoGenomics and drove share price from $0.20 to $16.00. Now his goal is to make HealthLynked an even greater success in Digital Health.

HealthLynked achieving record sales growth and patient subscribers already top 500,000.

HealthLynked just more than doubled sales to over $5 million and slashed burn rate with recent acquisition of Hughes Center for Functional Medicine.

HealthLynked continues to position to become major player in Digital Health and shares are highly undervalued.

Investment Thesis

Digital Health is the fastest growing sector of the $4 Trillion healthcare market and Dr. Michael Dent is now the founder, Chairman, and CEO of HealthLynked Corp. (OTCQB:HLYK), a $15 million microcap that Dr. Dent is grooming to be a major provider in Digital Health. HLYK is trading at close to $.20 per share and if Dr. Dent succeeds in capturing even a small percentage of the giant Digital Health market, the price of HLYK shares could easily be trading substantially higher than his previous company, NeoGenomics that is now trading at about $16 per share. His track record of success speaks for itself and the space of Digital Health is clearly an exciting new opportunity for investors searching for their next big win.

HealthLynked Solutions Fill Big Unmet Need in Digital Health Anyone who has visited their doctor knows that scheduling an appointment is usually difficult to nail down to a convenient time, and even worse, is the time-wasting and lengthy paperwork that must be filled out before your appointment time. In almost every case, the office asks the patient to come in at least 15 to 20 minutes early just to fill out paperwork that has already been filled out many times before, but in different offices. This repetitive and wasteful duplication is completely unnecessary. Since your medical records are stored digitally in electronic format, it should be easy to simply hit a button and send your records to a physician who is seeing you for the first time, but it is not. It can take days or even weeks for the records to be transferred to your new doctor or specialist and in the interim, the patient is asked to waste almost a half hour filling out forms with information that is already on the system.

Being a physician, Dr. Michael Dent is keenly aware of these problems and has developed solutions that are very simple, streamlined, low cost, and time saving. HealthLynked solutions enable patients to unlock their electronic medical records and transfer information so they are ready when the patient sees their new physician and so the patient does not have to fill out time-intensive forms. HealthLynked subscribers can access any doctor in the system and make an appointment at a time that is convenient for them by simply using the HealthLynked cell phone app. It is easy, and it is instantaneous.

An example of the inefficiency electronic medical records is, a practicing ear, nose and throat specialist in Ahoskie, N.C., Dr. Raghuvir B. Gelot says that little has frustrated him more than the digital record system he installed a few years ago. The problem: His system, made by one company, cannot share patient records with the local medical center, which uses a program made by another company. The two companies are quick to deny responsibility, each blaming the other. Regardless of who is at fault, doctors and hospital executives across the country say they are distressed that the expensive electronic health record systems they installed in the hopes of reducing costs and improving the coordination of patient care — a major goal of the Affordable Care Act — simply do not share information with competing systems.

HealthLynked Platform Clears Obstacles and Opens Medical Records

HealthLynked members can now share their personal Personal Health Records (Electronic Medical Records) with healthcare providers of their choice. Access can be limited to “view only” or a user can grant full edit capabilities to their healthcare providers and healthcare surrogates in order to add, delete, and/or edit their medical information. This allows HealthLynked Network users to assure that their medical information is up to date and accurate. Medical record access is also controlled at the level of each record and time parameters can be established as an additional level of security.

HealthLynked CEO Dr. Michael Dent stated, “The access control software allows our users the unique ability to take full control of their medical information. A user can control who can access, edit and add information to their HealthLynked profile and Personal Health Record. The access control software operates to keep the patient in charge of their medical information while at the same time allowing healthcare providers and healthcare surrogates to maintain the most up-to-date information on behalf of the patient.” Dr. Dent went on to say “Having practiced for over 20 years, I am aware of the need for patients and physicians to share sensitive medical information and maintain privacy. The HealthLynked personal health record system allows patients and their healthcare providers to work together to assure the efficient exchange of medical information and improving healthcare for all our members.”

Patients’ medical records can be uploaded to their personal, secure cloud storage via image capture, eFax, or Application Programming Interface with participating Electronic Health Records. Once a record is uploaded, users have complete control of who can access their medical information and the length of time each healthcare provider has access to which records.

Users may also link to other family members, like elderly parents, and access medical information via a two-way authentication process called “Lynking”. This allows healthcare surrogates acting as caregivers to closely monitor and participate in their healthcare decisions.

In addition to the storing of Personal Health Record features of the HealthLynked network, the mobile app allows for easy scheduling of appointments for over 800,000 healthcare providers throughout the US. Location services allow users to select providers and filter results by geo location, gender, zip code, in-network or out-of-network services and medical specialty.

For a Doctor, the app serves as a complete medical record for patients, working in conjunction with the provider’s existing EHR. Physicians gain real-time access to more complete medical information of their patients allowing them to make better medical decisions and avoid medical errors.

Dr. Dent continuing, "What makes the app unique is its simple user interface and dashboard that facilitates the patient to control access to all their medical information. The app's interactive interface has all the essential search, sorting filters, and user managed settings, making it possible for users to better manage their healthcare, connect to their providers, and assure their information is up-to-date. More complete medical information and timely access directly translate into better healthcare."

HealthLynked Introduces AI Algorithms to Help Diagnose Faster and Easier

June 19, 2018, HealthLynked announced that it has developed and deployed a number of healthcare algorithms for members that opt in for this service through the HealthLynked Network. The algorithms evaluate healthcare data of members and provide medical recommendations based on each user’s specific healthcare information, taking into account multiple factors including gender, age, medical history and other healthcare and personal data.

Patients rely on a range of healthcare providers to make medical recommendations for health issues and specific testing and screening. With a mission to improve healthcare, HealthLynked continues to invest in building its Artificial Intelligence technology, keeping members informed about their healthcare needs, updating members on the latest healthcare information, helping to avoid adverse drug interactions and providing medical recommendations around healthcare guidelines and screening.

The HealthLynked AI gives members access to advanced analytic capabilities to curate and analyze healthcare data and offers them tools and technologies to build and maintain their personal healthcare information.

AI-based solutions have great potential to improve patient outcomes and care efficiency and HealthLynked believes its AI platform can ease the logistical challenges in medical research by providing clean, accurate, focused and actionable data through its patient engagement and oversight.

HealthLynked Announces the Addition over 7,000 Hospitals and Acute Care Centers to its Healthcare Network

January 8, 2019, HealthLynked announced the company has incorporated over 7,000 hospitals and acute care centers into its nationwide network. Patient members have been able to LYNK directly to healthcare providers across the country to share and receive their medical information. Members can now LYNK to Hospitals and grant access to their medical records in case of a medical emergency.

Patients routinely visit emergency rooms without any medical records available to physicians to aid in their diagnosis and treatment. In addition to the lack of medical records, patients often arrive unconscious to the emergency room or unable to communicate due to any number of conditions, including strokes, heart attacks or auto accidents. When impaired patients are unable to communicate critical healthcare information, it can have a significant impact on their medical outcomes. The lack of medical information can lead to unnecessary testing, delays in treatment and misdiagnosis. Providing a way for patients to connect to the over 7,000 hospital facilities across the U.S. is an important part of our network services.

Dr. Michael Dent CEO stated, "Adding over 7,000 hospitals and acute care facilities strengthens the HealthLynked Network and our commitment to transform how medical information is delivered. We are excited about our growth as we continue to innovate and expand our services to both our patient members and network providers.”

HealthLynked Acquires HCFM, Adding Significant Revenue to its Health Services Division

HealthLynked announced it entered into a definitive agreement to acquire Hughes Center for Functional Medicine, P.A. for $750,000 in cash, $750,000 in shares of HealthLynked common stock and $500,000 in a three-year performance-based payout.

HCFM is a leader in functional medicine, focusing on Neurodegenerative diseases such as Alzheimer’s, Parkinson’s and Multiple Sclerosis along with other cutting-edge treatments to improve health and slow aging, including hormones, thyroid, weight loss, wellness and prevention. Income sources include seeing patients, an IV room, Hyperbaric Oxygen Chambers, Ozone, UVlrx and Supplements.

“The acquisition of HCFM expands our health services division and significantly adds to our profitability. HCFM provides expertise in Neurodegenerative conditions and functional medicine with cutting edge therapies.” said Michael Dent, M.D., HealthLynked’s Chairman and CEO. “As we continue to expand our network and provide algorithms around new and innovative treatments, we are confident that this will bring significant value to our patient members."

Benefits of the Transaction

  • Revenue and Profit Increase. HealthLynked expects the acquisition to contribute $3.0 million of revenue and $500 thousand in EBITDA in year one, more than doubling the Company’s revenues and reducing cash burn by over 50%.
  • Expansion of Healthcare Services. HCFM has well-established relationships and cutting-edge protocols for treating neurogenerative disorders and optimizing the health of older patients. These customized therapies have been shown to improve patient outcomes for a wide range of disorders. Functional Medicine is one of the fastest growing and most highly profitable areas of healthcare making it an ideal acquisition for HealthLynked.
  • Expansion of Healthcare Data Specific to Functional Medicine and Antiaging. HealthLynked will draw on the best attributes from each company to improve the quality of service for all of our patient members. HCFM patients will benefit from HealthLynked’s digital technology to connect and analyze patient members healthcare data to monitor treatments and improve outcomes. HealthLynked members will benefit from HCFM health services and extensive experience in functional medicine.
  • Four-year Consultancy Agreement with Dr.Pamela Hughes on the HLYK Advisory Board.The acquisition also includes a four-year consultancy agreement with Dr. Pamela Hughes on the HealthLynked Advisory Board where she will provide her expertise in functional medicine to help the Company’s development team to write algorithms utilizing the HealthLynked software to make recommendations to patient members on a wide range of medical conditions.
  • AdvisorsK&L Gates LLP is serving as legal counsel for the acquisition. George O’Leary, Chief Financial Officer of HealthLynked, stated, “We expect that this will be the first of many acquisitions for HealthLynked focused on:
    • Profitable health service businesses;
    • Digital healthcare including online marketing and telemedicine companies; and
    • Data driven healthcare businesses, such as Accountable Care Organizations

Our acquisition model of purchasing high growth, profitable health service businesses paying 4 times adjusted EBITDA, with 35% in cash, 35% in HLYK stock, and 30% in three year performance based payouts will complement our digital healthcare and ACO acquisition strategies.”

Market Comps Confirm HealthLynked Shares Highly Undervalued

Two market comps in the Digital Health space are Frelii, Inc., (OTCQB:FRLI) and Veeva Systems, Inc., (NYSE:VEEV). Frelii is selling at $2.13 per share with a market cap of $83 million and a Price to Sales ration of 4,851 to 1, and Veeva Systems is selling at $109.20 per share with a market cap of $15.57 billion and a Price to Sales ratio of 20 to 1. HealthLynked appears to hold enormous unrecognized value as its shares are selling close to $.20 with a market cap of $14 million and with the new acquisition of Hughes Center for Functional Medicine now has revenues exceeding $5 million with a Price to Sales Ratio of 2.8 to 1. Even at a low Price to Sales Ratio of 10 to 1, HealthLynked shares would be trading at closer to $.60 and with the kind of growth they are delivering and in such a hot market of Digital Health, the price could easily see well over $1 per share in the near term.

Conclusion

Digital Health is a promising new investment opportunity in the gigantic and opportunity-filled healthcare market. There are many companies to investigate, but HealthLynked appears to have services that fill big unmet needs, proven skillful management, and a great start that is already beginning to rack up big and growing sales. Since HealthLynked shares are selling at under $.20, early investors have an opportunity for very large percentage returns.