HealthLynked (OTCQB:HLYK) Corp has announced third-quarter 2021 revenue of $4.0 million, a 98% year-over-year increase, as patient appointments rose 24%.
The company also said its Health Services division’s foundational patient services revenue increased 32% in 3Q, compared to a 10% decrease during the same period last year.
“We are very pleased with the significant progress we made during the quarter including robust revenue growth and strong growth in patient volume and time of service collections in our Health Services division,” HealthLynked (OTCQB:HLYK) CEO Michael Dent said in a statement.
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“We also grew Medicare Shared Savings from our ACO division by 213% compared to the year ago period,” Dent added.
HealthLynked (OTCQB:HLYK) noted that its ACO Health Partners LLC subsidiary received $2.4 million in Medicare Shared Savings revenue from the Centers for Medicare & Medicaid Services in 3Q compared to $0.8 million a year earlier.
It added its time of service collections surged 33% to $1.0 million in the quarter, up from $0.8 million in 3Q 2020.
In addition, the company said it continues to execute its growth strategy and expects to up-list to the NASDAQ Capital Market in early 2022.
HealthLynked (OTCQB:HLYK) is a global healthcare network focused on patient care management. It connects patients, doctors and data through its global healthcare network using technology to reduce costs and improve patient outcomes. The group and its subsidiaries have a finger in several pies including patient care management, medical supplies, remote patient monitoring, accountable-care organizations, and wearable devices.
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