At the moment, the current healthcare system is in shambles. It’s still fragmented and broken. However, with the help of multi-specialty companies, that could soon change.
In fact, according to Peter Spring, a Managing Director at Bain Capital Double Impact, as quoted in a Multi-Specialty Healthcare press release, "Helping to expand Multi-Specialty HealthCare's patient-centered, multi-disciplinary approach presents a significant opportunity to improve access and quality of care to patients who struggle to navigate a complex healthcare system, which often leads to delays or inadequate treatment. We are excited to partner with the founders and the management team to support the Company's growth and scale its social impact in the communities it serves."
Look at Skylight Health Group Inc. (TSXV:SHG)(OTC:SHGFF) for example
As one of the largest multi-specialty healthcare systems in the United States, the company submitted its formal application to list the Company’s common stock in the US on the NASDAQ Capital Market.
Skylight Health management believes up-listing to NASDAQ will:
- Provide additional opportunities to attract institutional and retail investors, allowing the Company to broaden its investor base in the United States and internationally.
- Increase the visibility of the Company, its growth strategy, accomplishments, and results to date.
- Accelerate growth and create a more attractive platform for enhanced M&A capability.
- Increase liquidity of the Company’s common shares; and
- Raise the Company’s overall profile and ultimately enhance shareholder value.
“We believe the Company is entering a heightened growth phase and the timing could not be better for up-listing our Shares to NASDAQ,” said Prad Sekar, Co-Founder and CEO. “Being in a position to list our common stock on the NASDAQ reflects the significant progress we have made in building our financial and liquidity standards, strengthening our corporate governance, and positioning the Company for future growth and profitability. This up-listing will provide us with a larger pool of investors that use the NASDAQ as a requirement for assembling a portfolio and allow us to broaden our offering to American investors who understand first-hand the trillion-dollar healthcare opportunity.”
Acceptance for listing Company shares is subject to approval, in part, based on the Company's ability to meet minimum listing requirements for the NASDAQ Capital Market. While the Company intends to satisfy all the applicable listing criteria, no assurance can be given that its application will be approved. A trading date will be made public once all regulatory requirements are satisfied.
The Company's common stock will continue to trade in Canada on the TSX Venture Exchange under its current symbol SHG; and until NASDAQ listing, in the U.S. and on the OTCQX under its current symbol, SHGFF.
Amazon is Attempting to Make Healthcare Access Easier Too
Aside from Skylight Health Group Inc., UnitedHealth Group (NYSE:UNH) just expanded the availability of virtual care with local physicians for members enrolled in employer-sponsored plans, and also introduced a new Virtual Primary Care service designed to enable access to medical services in a simpler and more convenient way. Through both efforts, eligible members may be able to visit virtually with health care providers for various types of care, including wellness, routine and chronic condition management.
“The UnitedHealthcare Virtual Primary Care service and updated policy helps expand the use of virtual care from delivering care to people who are sick, to now also focusing on preventing and detecting disease before it starts and, if needed, helping people more conveniently manage certain chronic conditions,” said Dr. Anne Docimo, chief medical officer. “As more people and care providers move to a digital-first mindset, UnitedHealthcare will continue to modernize our approach to health benefits and invest in new ways to use technology to help make it more convenient for our members to access primary care and other types of medical services.”
In 2020, Amazon.com Inc. (NASDAQ:AMZN) announced a health care pilot with Crossover Health, an expert in comprehensive primary care services, to establish local, convenient health centers near Amazon fulfillment centers and operations facilities across the country. The first Neighborhood Health Center location will be available for Amazon employees and their families in the Dallas-Fort Worth area.
“Across the U.S., an increasing number of patients do not have easy access to a primary care physician and instead utilize emergency or urgent care options, which is not only more expensive for patients, but also overlooks important preventative care opportunities,” said Darcie Henry, Amazon’s Vice President of Human Resources. “We want to solve that for our employees, and the launch of these new Neighborhood Health Centers will provide a range of quality primary care services for employees across the country – further strengthening Amazon’s industry-leading benefits program, which provides comprehensive healthcare for employees starting on day one of employment.”
Oak Street Health Inc. (NYSE:OSH), a network of value-based primary care centers for adults on Medicare, is expanding access to more older adults in Ohio with the opening of its first center in Akron located at 1400 S. Arlington Street, Unit 146. The new center brings the number of Oak Street Health centers in Ohio to ten. “We are excited to expand access to our high-quality, value-based care to members of the Akron community with the opening of this new center,” said Tamara Jurgenson, Chief Growth Officer of Oak Street Health.“We care for the most vulnerable patients, the majority having two or more chronic conditions. As our organization continues its mission to rebuild healthcare as it should be, we look forward to improving patient outcomes in Ohio and helping older adults live their healthiest lives.”
CVS Health (NYSE:CVS) recently introduced the Symphony medical alert system to help caregivers monitor the safety and well-being of loved ones, even from afar. This collection of in-home and wearable devices offers a new at-home experience by connecting a suite of sensors that can monitor for falls, motion, and room temperature while also providing a 24/7 personal emergency response platform for use when needed. Symphony is designed to support the growing number of seniors choosing to maintain an independent lifestyle at home, as well as those involved in their care.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Skylight Health Group Inc. by a third party. We own ZERO shares of Skylight Health Group Inc. Please click here for full disclaimer.
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