HealthLynked (OTCQB:HLYK) Corp has delivered second quarter 2022 results, noting a boost in patient revenues and the addition of new physicians.
Naples, Florida-based HealthLynked (OTCQB:HLYK) said it saw a revenue increase of 3% in the second quarter from the previous three-month period, to $1.65 million from US$1.60 million.
Dr. Michael Dent, HealthLynked (OTCQB:HLYK)'s CEO, said during this quarter, the company acquired Aesthetics Enhancements Unlimited to add to its portfolio of Health Services locations and its patient base.
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“We continue to invest in the development of the HealthLynked Network with major advancements in our software platform. We plan to launch our pay service for Healthlynked members next quarter and integrate our services into the HealthLynked mobile application," Dent said in a statement.
The Naples Women's Center subsidiary experienced physician turnover, which led to reduced revenues due to the time required to establish a new physician and enroll in healthcare plans. Functional Medicine, along with the acquisition of Aesthetics Enhancements Unlimited in May 2022, showed a 15% increase in year-over-year patient revenues.
For the second quarter of 2022, HealthLynked reported revenue of US$1.65 million, compared to $1.71 million in the second quarter of 2021, and a 67% decrease in net losses from US$8.3 million in the first half of 2021 to $2.76 million in the first half of 2022.
George O'Leary, HealthLynked's CFO, said the company signed Dr Eduardo Maristany to an early two-year extension through May 2025. It has also hired Dr Sakr, a new physician, who will be joining The Naples Center of Functional Medicine.
“We plan to focus our attention on a concierge model for both The Naples Center of Functional Medicine and Naples Women's Center,” O’Leary said. “HealthLynked's wide range of healthcare services provides an opportunity to offer a more comprehensive healthcare solution that will significantly increase future health service revenues."
HealthLynked is a global healthcare network focused on care management of its members and a provider of healthcare technologies that connects doctors, patients, and medical data.
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