DIGITAL HEALTHCARE

Etao International Group Announces Acquisition of Dnurse, a Provider of Technology-Empowered Diabetes Management Solutions

ETAO International Group | October 27, 2021

ETAO International Group ("ETAO") announces the acquisition of Dnurse, a provider of digital diabetic management services. This innovative technology can improve outcomes for patients with diabetes and has the potential to be used in the treatment of all chronic diseases. The incidence of diabetes is increasing globally and has become a critical public health concern. In particular, diabetes has a leading public health challenge in China. According to the WHO, approximately 345 million individuals are afflicted with some form of diabetes in China. If left untreated, diabetes can lead to devastating complications, such as heart disease, nerve damage, blindness, kidney failure and amputations.

Dnurse provides patients with a technologically innovative self-management solution that increases compliance with critical treatment requirements, thereby improving patient outcomes. This new diabetic care combines people-first services with digital technology to remove limitations of traditional diabetic care.

Dr. Lee Winter, President of Etao International Group, has over 35 years of experience in healthcare as a former attending anesthesiologist and director of business development as Maimonides Medical Center Department of Anesthesiology and as former chair of the New York Presbyterian Lower Manhattan Hospital.

"Dnurse's low-cost, high-efficiency and easy-to-use diabetes self-management solution is extremely scalable and has the potential to significantly improve diabetic care. The digital interface increases client compliance, thereby reducing the risk of diabetic complications and improving patient outcomes. This cost-effective manner of efficiently preventing chronic disease complications has the potential to help patients manage any kind of chronic disease."

Dr. Lee Winter, President of Etao International Group

Leading this innovation solution is the co-founder and CEO of Dnurse, Jason Li. He has over 14 years of experience in the technology sector, including his role as the China CEO of Infosonics, VP of Techfaith Group and development engineer for Motorola. He said, "Dnurse plans to use the world's latest health care solutions and resources to serve the diabetic patients' needs. We are working with ETAO International Group to create a synergy that will secure a more sizable market presence, create a brand consistent with best diabetic care and reshape the established diabetic management landscape."

Founded in 2013, Dnurse was heavily invested by Sinocare and Innovation Works (now Sinovation Ventures), and SAIF. As the largest glucose meter manufacturer in Asia, Sinocare provides Dnurse with advanced biochemical technology, registration, delivery, and customization capacity.

Based on its Smart Glucose Meter, Dnurse has successfully built an innovation business model: Device + App + Service. Dnurse is also relying on its powerful AI decision system, IDSS (Intelligent Decision Support System), to make its diabetic management packages optimized for patients, burden-free, consistent, and humanistic. With the Dnurse App, a smart blood sugar testing meter can transfer information to a patient's smart phone. The mobile application allows for testing, data storage, personal feedback, sharing, customized reminders, and coaching, available to the patient every day and everywhere.  Dnurse's smart diabetes care products are already serving 1.6 million diabetic patients.

About Etao International Group

Etao International Group ("Etao"), a Cayman Islands company, aims to be the world's leading digital healthcare group providing telemedicine, hospital care, primary care, pharmacy and health insurance covering all life stages of patients. "Etao" brand means "Best Medical Way" with transformative medical care and unparalleled service. Etao provides best-in-class internet medical services, such as artificial intelligence and big data technologies, to improve health care delivery and quality in specialized clinics and hospital settings. Etao's platform is seamlessly integrated because of its ability to combine technology and health sciences. Etao's US subsidiary was established in December 2017 in Delaware USA, and its wholly owned subsidiary Fangzhou Yidao (Beijing) Health Technology Co., Ltd. ("Etao China"), was established in Beijing in July 2019.

About Dnurse

Dnurse was founded in Beijing China in July 2013 and is the first Chinese innovation mobile medical company whose mission is to reform traditional diabetes management. Dnurse offers personalized and professional diabetes management solutions. Its IoT & AI technology effectively improves diabetics compliance and attracted 1.6 million diabetes users. Dnurse is the largest platform of diabetic patients in China, and the No.1 smart glucometer manufacturer in China and India. Its closed loop service consists of diabetes hospitals, providing patients online referral, online prescription, and drug purchase services. Low- cost and efficiency helps diabetics patients' self-management and improved patient compliance.

Spotlight

It’s no doubt that patient engagement is among the top healthcare priorities. For medical providers, it’s imperative to interact with their patients and empower them with the right information at the right time. A new concept named Internet of Things (IoT) has revolutionized the world with its vast capabilities of connecting the people and things with each other, and healthcare industry is no exception. According to IDC Health Insights, 35.1% of healthcare organizations have already implemented IoT either in their pilot or production stages.

Spotlight

It’s no doubt that patient engagement is among the top healthcare priorities. For medical providers, it’s imperative to interact with their patients and empower them with the right information at the right time. A new concept named Internet of Things (IoT) has revolutionized the world with its vast capabilities of connecting the people and things with each other, and healthcare industry is no exception. According to IDC Health Insights, 35.1% of healthcare organizations have already implemented IoT either in their pilot or production stages.

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HEALTH TECHNOLOGY

HealthLynked Launches QwikCheck V2.0, with Dynamic Linking for Healthcare Facilities to Streamline Check-in and Maintain Social Distancing

HealthLynked | September 28, 2021

HealthLynkeda global healthcare network focused on care management of its members and a provider of healthcare technologies that connect doctors, patients, and medical data, announced today the launch of its new patient check in system, QwikCheck V2.0. The new version offers a streamlined process for practices to institute remote patient check-in without the need for any additional hardware. The new check-in system uses dynamic linking, which allows a single QR code tied to a practice that works seamlessly with both Android and iOS platforms. Patients can now check in for their doctor's appointment using their mobile devices regardless of their smart phone's operating system, age, or model. If the patient is not a current HealthLynked user, they are directed to download the HealthLynked App and then continue the check-in process. Patients then check-in by selecting their healthcare provider, submitting their phone number, and updating their healthcare information. This information is shared with their doctor and can be done via their mobile device right in the HealthLynked app. Once a patient has completed their initial setup, on return visits they are recognized, and the check-in process is even faster and more streamlined. One important benefit of QwikCheck V2.0 is it allows patients to maintain social distance from the office staff and other patients while waiting for their appointment. Medical practices can monitor patient check-ins through their QwikCheck dashboard and notify patients via SMS messaging to their mobile device when the healthcare provider is ready to see them. Patient intake information is provided to the practice via the application and eliminates front office exposure, time and redundant paperwork. QwikCheck V2.0 also provides all the back-end analytics for practices to manage their patient flow and optimize their provider's schedules. QwikCheck V1.0 is still available for practices wishing to provide a secure Wi-Fi connection to patients while they are waiting by utilizing our Patient Access Hub. QwikCheck V2.0 has been tested in selected medical practices and the feedback has been tremendous. The adoption rate is 99.9% and patients love the ease of checking in and not waiting in line at their provider's office. Patients can also watch healthcare videos and read healthcare blogs. Patient can choose to wait outside the waiting room and still be notified via their smart phone when the doctor is ready to see them. Patients have delayed medical treatments due to concerns about COVID-19 with over 42.9M cases in the US and 688K deaths. QwikCheck provides a safer way for patients to receive medical care and reduce the risk of exposure for both patients and healthcare providers. "The new version of QwikCheck provides a needed service to the Healthcare community and reduces the exposure risk of COVID-19 in medical waiting rooms. We are excited to offer this tool to the medical community to better managing patient check-in and save lives by allowing patients to maintain social distancing during medical visits." Dr. Michael Dent CEO About HealthLynked Corp. HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. Members enter their medical information, including medications, allergies, past surgeries, and personal health records, in one convenient online and secure location, free of charge. Participating healthcare providers can connect with their current and future patients through the system. Benefits to in-network providers include the ability to utilize the HealthLynked patent-pending patient access hub "PAH" for patient analytics. Other benefits for preferred providers include HLYK marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling, and to fill last-minute cancelations using the Company's "real-time appointment scheduling" all within its mobile application. Preferred providers pay a monthly fee to access these HealthLynked services.

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HEALTH TECHNOLOGY

CloudMD to Expand their Mental Health Technology Platform and Support Services to the United States

CloudMD | February 10, 2021

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DIGITAL HEALTHCARE

Adherehealth and Levrx Technology Announce Strategic Partnership to Improve Medication Optimization and Reduce Pharmacy Costs

AdhereHealth | January 27, 2022

AdhereHealth, a healthcare technology leader in medication adherence insights and health outcomes, today announced a new integration partnership with Levrx TechnologyInc, a digital health technology company that drives prescription efficiencies and maximizes savings. Their combined solution enables health plans and self-insured employers to realize immediate pharmacy cost savings and near-term medical cost reductions by integrating Levrx's plan-specific and real-time prescription insights into the Adhere Platform's Medication Optimization solution. One of the biggest challenges in U.S. healthcare is the increasing cost of pharmacy. According to the Centers for Medicare and Medicaid Services (CMS), prescription spend for private insurance and state-run programs was$348.4 billionin 2020 and is projected to reach$560.3 billionby 2028. As total costs continue to rise, member cost-share also increases along with concern for medication non-adherence. Statistics show that at least 12.8 million adults delayed or did not get prescription drugs in 2018-19 due to cost. "More than 50 percent of prescriptions are abandoned at the pharmacy when exceeding$125. By partnering with Levrx, our Medication Optimization solution now includes formulary cost savings analytics and technologies, which address lower-cost medication options for the patient, health plan, and employer. Care teams can use these insights to further drive medication adherence and deliver immediate and lasting cost savings." Jason Z. Rose, CEO of AdhereHealth Anchored within the Adhere Platform™, the Medication Optimization solution creates insights based on medical claims, pharmacy claims, and direct patient and provider engagement to automatically identify patients at the highest risk for non-adherence. The system generates targeted analytics, which are updated daily and integrated into the various clinical workflows to prioritize high-risk patients and guide personalized outreach.Insights from predictive analytics enable care teams with actional insights as they engage high-risk patients to close critical medication optimization gaps. With the addition of Levrx capabilities, AdhereHealth can now enhance its impact by adding prescription formulary opportunity analytics into its data-driven medication optimization workflow. The Adhere Platform uses these analytics to alert clinicians when lower-cost alternatives are available. The provider is empowered to proactively coordinate with the patient and provider to prescribe the right medication, minimize non-adherence, and improve health outcomes. Conversely, the Adhere Platform's analytics are integrated into Levrx Practice App™technology workflows for providers. Unlike other formulary optimization solutions, Levrx delivers plan-specific and real-time prescription insights. This is far superior to general or national information other solutions utilize because they account for the patient's plan-specific formulary, accumulator, and real-time pricing. Levrx also engages physician groups and members directly, giving healthcare consumers the information needed at the point of care to keep costs low, avoid prescription rewrites, and prevent non-adherence based on cost. "Our analyses consistently identify 10-20% total annual prescription savings opportunities for clients. By integrating Levrx, AdhereHealth's platform now has the power to lower prescription costs by combining real-time medication pricing information with other actionable insights," saidVikram Agrawal, President & CEO at Levrx."What's beenthe cherry on top is the increasedtrust and satisfaction that members have for their insurance." AboutLevrx Technology Levrxis aninnovativesoftwarecompanythat usestechnology to transform the healthcare experience, one prescription at a time. Levrxalignsproviders,patients,pharmacies, and payerson oneplatformtosimplifyprescribing and ensure affordability. AboutAdhereHealth AdhereHealth delivers purpose-built, innovative technology solutions to improve quality of care, medication adherence, and cost outcomes – all with an emphasis on overcoming social determinants of health (SDOH) and improving patient experience. AdhereRx, an AdhereHealth digital pharmacy, provides high-risk, underserved patients with personalized pharmacy services that drive medication compliance and reduce unnecessary utilization costs. This unique combination of predictive analytics, intelligent clinical workflow software, and proactive telepharmacy outreach performed by a nationwide team of licensed clinicians addresses an estimated half a trillion dollars of unnecessary annual medical costs attributed to medication adherence issues. Today, the Adhere™ Platform touches nearly 30 million patients across dozens of health plans, self-insured employers, and other risk-bearing entities.

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