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WELL Health Technologies Corp T.WELL

Alternate Symbol(s):  WHTCF | T.WELL.DB

WELL Health Technologies Corp. is a practitioner-focused digital healthcare company. The Company develops technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. Its business units include Canadian Patient Services, WELL Health USA Patient Services and SaaS and Technology Services. WELL Health USA Patient and Provider Services includes Primary Circle Medical, Primary WISP, Specialized CRH Medical, and Specialized Provider Staffing. Its healthcare and digital platform includes front and back-office management software applications that help physicians run and secure their practices. Its focused markets include the gastrointestinal market, women's health, primary care and mental health. Its solutions enable 34,000 healthcare providers between the United States and Canada and power owned and operated healthcare’s in Canada with 165 clinics supporting primary care, specialized care and diagnostic services.


TSX:WELL - Post by User

Post by philfortson Aug 11, 2020 12:48pm
323 Views
Post# 31393374

One Massive thing!

One Massive thing!The most surprising part to this for me is managing to increase you profit marging (Substantially) and still achieve considerable growth.

What about this? 

Digital services revenue, consisting of predominately SaaS based revenue generated by the Company's WELL EMR Group, grew by 1212% to $2,344,872 in the second quarter. WELL's EMR footprint has now expanded to over 2,000 clinics and more than 10,000 physicians across the country.
 

Looking at this, rapid expansion will ultimately rise the revenue and SaaS does not usually increase dramatically operation expenses. This might utimately increase MoP, and increase revenue. There is many segement of this company that will keep growing organically and that might not require proportionnal increase in expenses.

Furthermore, aquiring cybersecurity companies might hint towards a even stronger shift for virtual clinics and SaaS. All of these are green lights for me!

GLTA

 

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