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MCI Onehealth Technologies Inc. Class A Subordinate Voting Shares T.DRDR

Alternate Symbol(s):  MCIOF

MCI Onehealth Technologies Inc is a healthcare technology company focused on improving primary care. The company operates primary care networks and pioneering how actionable insights from data can be paired with targeted therapeutics to start treating disease before it's too late.


MCI Onehealth Technologies Inc. Class A Subordinate Voting Shares > MCI Onehealth Provides Corporate Update

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January 17, 2022 - 09:53 AM
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Post# 34323907

MCI Onehealth Provides Corporate Update

MCI Onehealth Provides Corporate Update
    

TORONTO, Jan. 17, 2022 (GLOBE NEWSWIRE) -- MCI Onehealth Technologies Inc. (“MCI”) (TSX: DRDR), a clinician-led healthcare technology company focused on increasing access to and quality of healthcare, is pleased to provide an update on organic growth across its integrated high-performance healthcare network. At the end of 2021, overall patient visits remained strong despite pandemic conditions. MCI’s Corporate Health Solutions, Khure Health and Executive Medical Concierge Canada each delivered record years, with year-over-year revenue growth in excess of 70%, 50% and 80% respectively.

“In supporting corporate clients with leading healthcare delivery, MCI Corporate Health Solutions has become one of the fastest growing business streams for us,” said Dr. Alexander Dobranowski, CEO of MCI. “We expect to see some continued momentum as we pivot beyond the immediate needs of the COVID-19 pandemic and consistently advance market expansion and maximize corporate health growth opportunities. In the context of the pandemic, corporations have never been more interested in helping secure effective and accessible healthcare for their employees. We’re seeing that in the strong growth of MCI Corporate Health Solutions as well as in our concierge healthcare offering which has nearly doubled its client roster in the last year.”

MCI Onehealth has made significant progress towards one of its leading objectives of growing privately paid-for services through MCI Corporate Health Solutions, achieving multiple new successes with a strong industry presence in the education, travel, transportation, manufacturing, and healthcare sectors during 2021 -- delivering a record year with more than 70% revenue growth year-over-year. Program developments and expansions include national travel health and immunization consultations, COVID-19 vaccination clinic delivery for up to 3,000 employees of Bombardier in January 2022, COVID-19 vaccination medical exemption review, as well as capacity for large scale rapid antigen testing, PCR testing, and audit validation of vaccination status. Notable corporate clients and partnerships include Gerdau AmeristeelDurham Regional Police ServicesDestination TorontoMetrolinxCanadian Broadcast CorporationIntact InsuranceCoca Cola Ltd. and MHI Aerospace. The numerous protocols established around COVID-19 have greatly increased the need for efficient and reliable testing processes, which MCI Corporate Health Solutions has been able to facilitate and manage for a growing number of clients. MCI Corporate Health Solutions became the preferred vendor for Ryerson University for its student residence move-in procedures, as well as ongoing program management for COVID-19 self-testing, declaration and onsite testing. Noteworthy programs for Destination Toronto include testing at Hockey Hall of Fame Induction Weekend and Mirvish Productions, as well as upcoming events throughout 2022.  

In further expansion and development, MCI Corporate Health Solutions will be leveraging MCI’s proprietary MCI Connect patient-experience platform in 2022 as part of its corporate programs, creating a unique suite of digitally-available services, modernizing offerings for the occupational and corporate health market.

“We’re taking big strides along our data roadmap, as well,” said Dobranowski. “Our subsidiary, Khure Health, while securing fresh contracts among top pharmaceutical manufacturers and delivering a record year with more than 50% revenue growth, continues to expand its AI platform, having added 25 new rare pathologies developed in partnership with key opinion-leading specialists, bringing us to 80 rare disease AI algorithms, with another 20 currently in development.  More algorithms for rare diseases means physicians can help more patients with this platform.”  

Khure Health is driving new capabilities for physicians in proactive and personalized medicine, launching an accredited education offering for physicians that is available on the platform. Physicians will now be able to instantly screen their practice using algorithms based on the educational topic and optimize patient care based on their learnings immediately. Khure Health, and its president were recently awarded Digital Health Innovator of the Year by Digital Health Canada.

“Khure’s success, as well as the ongoing high volume of patient interactions in our clinics despite Omicron, continues to be a key component in expanding the opportunity for high-margin services that leverage de-identified data for both clinical and commercial applications, accelerating our data-driven, precision medicine roadmap,” added Dobranowski.

About MCI:
MCI is a healthcare technology company focused on empowering patients and doctors with advanced technologies to increase access, improve quality, and reduce healthcare costs. As part of the healthcare community for over 30 years, MCI operates one of Canada’s leading primary care networks with 25 clinics, serves nearly one million patients annually and had over 200,000 telehealth visits last year. MCI additionally offers an expanding suite of occupational health service offerings that support a growing list of nearly 500 corporate customers. Led by a proven management team of doctors and experienced executives, MCI remains focused on executing a strategy centered around acquiring technology and health services that complement the company’s current roadmap. For more information, visit mcionehealth.com.

For MCI IR enquiries please contact:
Fernando Massalin | ir@mcionehealth.com | +1 (416) 440-4040 ext 155

For MCI media enquiries please contact:
Nolan Reeds | nolan@mcionehealth.com | +1 (416) 440-4040 ext 158