Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF), (VST) a firm that builds, acquires and invests in promising startups, said its wholly-owned portfolio company, VS Digital Health Inc, is now affiliated with a national network of professional corporations (PCs).
The move is anticipated to increase VS Digital Health’s market share across the United States through the new exclusive service model.
“The affiliated medical practices contract with licensed medical providers and exert full and exclusive control over the professional clinical services rendered by the providers,” said Victory Square of the new model.
In turn, VS Digital Health provides administrative and management services and technology solutions to these affiliated PCs.
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In order to facilitate its national PC friendly network, VS Digital Health has strategically affiliated with a national medical practice, positioning VST to quickly and efficiently implement national health care operations in a manner that promotes collaboration, support and compliance.
This national medical network removes multiple barriers to entry for professionals who wish to enter into the ever-growing space of telemedicine and mobile medicine. This structure acts as the operationally compliant arm for VS Digital health's technology platforms to sit on and conduct business across the entire United States while remaining seamless for its users and clients.
Additionally, the affiliation will enable business partners to leverage VS Digital Health's technology platforms faster and more efficiently, reducing barriers to entry in certain markets and ensuring access to the resources and clinical personnel necessary to provide the full suite of platform health and wellness services.
The structure of the affiliation is designed to enable everyone, not just licensed medical professionals, to participate in the exclusive VS Digital Health business in a legally and fully compliant manner.
The exclusive affiliation between VS Digital Health and the friendly PCs will:
- Link VS Digital Health business partners with licensed professionals to provide professional medical services for clients with the supervision and oversight of a physician licensed in their state.
- Facilitate the procurement and fulfillment of therapies, treatments, and pharmaceuticals through a licensed practicing physician.
- Support the individual needs and goals of each business partner and independent contractor who retains autonomy over his or her administrative or clinical efforts, as applicable, including operating hours, scheduling, location et al.
- Provide the structure and relationships legally required for VS Digital Health professionals and business partners to provide VS Digital Health services in CPM states.
“The long-term ambition of VS Digital Health is to create a comprehensive, effective digital healthcare experience, where consumers can access all of their health care needs in a single place. With our white-label telehealth, diagnostics and pharmacy solutions, we’ll be able to deliver direct-to-patient healthcare at scale through one platform,” CEO Shafin Diamond Tejani said in a statement.
“We envision a future where 80% of healthcare is digital, that's why we're powering the next generation of healthcare companies and clinicians to make virtual care work for everyone," he concluded.
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