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HealthLynked Corp. Partners with Commonwealth Primary Care Accountable Care Organization (ACO)

NAPLES, Fla., Oct. 1, 2020 /PRNewswire/ — HealthLynked Corp. (OTCQB: HLYK), a global healthcare network focused on care management of its members and healthcare technologies connecting doctors, patients and medical data, today announced its collaboration with Commonwealth Primary Care ACO (“Commonwealth”). HealthLynked and Commonwealth will develop an innovative program to seamlessly share patient healthcare data among multiple providers. The goal of the partnership is to improve patient care, decrease duplicative testing and fill information gaps that exist between multiple providers treating the same patient.

Without accurate and up-to-date medical information, healthcare providers are often at a disadvantage in providing the best care for their patients. Patients often undergo duplicate testing and have longer in-office wait times to obtain medical records and are subject to a process that often leads to additional and unnecessary follow up visits and delays in diagnosis and treatment.

As more patients are seeing their healthcare providers via telemedicine, coordinating care among healthcare providers is more important than ever. Both online patient evaluation and care management are now reimbursable billing codes for private insurance companies and for Medicare. Reimbursement for these services is based on medical record exchange between providers and patients, including time spent reviewing records with each patient. To facilitate this process, there are nine separate billable codes available to the offices supporting the effort with reimbursements ranging from $16 to $53. There is no limit on the number of times a patient’s record can be reviewed and exchanged between a healthcare provider and patient.

The HealthLynked Network and patient engagement technology is uniquely designed to allow physicians to easily connect with patients, exchange medical information, and provide patient guidance in partnership with Commonwealth. We believe that this partnership will be a model for other ACOs to improve outcomes, reduce cost, and more effectively coordinate patient care.

“We are excited to employ new and effective methods to provide our clinicians with the most complete and up-to-date data on their patients. Many times, patients are being treated by multiple physicians in multiple settings and HealthLynked will allow us to seamlessly analyze all encounter data, coordinate care more effectively and deliver the most effective care at the right time and place,” said Dr. Mark Goldberg, a Commonwealth Member of the Board of Trustees.

HealthLynked’s CEO, Dr. Michael Dent, stated, “Working with Commonwealth to fill data gaps inpatient care will optimize patient care and improve practice efficiencies. We believe this is the first of many collaborations and will serve as a model to work with other ACO partners.”

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. For additional information about HealthLynked Corp., please visit www.healthlynked.com and connect with HealthLynked on Twitter, Facebook, and LinkedIn.