08:13:40 EST Thu 26 Dec 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Arcpoint Inc
Symbol ARC
Shares Issued 55,609,690
Close 2024-09-18 C$ 0.125
Market Cap C$ 6,951,211
Recent Sedar Documents

Arcpoint adds new feature for telehealth practitioners

2024-09-18 16:48 ET - News Release

Mr. John Constantine reports

ARCPOINT ADDS FUNCTIONALITY TO ENABLE TELEHEALTH PRACTITIONERS TO ORDER DIAGNOTIC TESTS THROUGH ARCPOINT SYSTEM

Arcpoint Inc. has implemented an integration that allows telehealth doctors and other practitioners to order diagnostic tests through physical locations connected by Arcpoint's MyArcpointLabs technology platform. This integration is an enhancement to the application programming interface (API) developed by MD Care Group LLC, which is connected to Arcpoint's MyArcpointLabs (MAPL) as originally reported Nov. 21, 2023.

Arcpoint chief executive officer John Constantine commented: "According to the U.S. Centers for Disease Control and Prevention, 70 per cent of today's medical decisions depend on laboratory test results, which can be an issue for telehealth providers, as telehealth practitioners often do not have a direct relationship with a diagnostic testing provider. Further, according to a study published in JAMA, a peer-reviewed medical journal, completion of diagnostic tests is lower for those prescribed during telehealth visits versus in-person-visits. By making it possible for telehealth providers to directly order diagnostic tests and easier for patients to fulfill these lab orders, it increases the likelihood of information being available to the telehealth provider and may improve the manner in which they can treat their patients."

As originally reported Nov. 21, 2023, Arcpoint implemented and deployed an application programming interface developed by MD Care Group, a telehealth company, which provides consumers with cost-effective, virtual access to health care through a national network of thousands of board-certified physicians and health care providers. The API allowed Arcpoint customers to connect with MD Care Group's doctors to discuss results from Arcpoint diagnostic tests or other medical concerns they may have, thus allowing for the creation of virtual primary care and urgent care centers anywhere Arcpoint services could be accessed. At that time, it was also reported that two companies were discussing the possibility of developing and deploying a second API, which would allow doctors within the MD Care Group system to refer patients to Arcpoint testing locations.

More recently, on Aug. 20, 2024, the company announced that it had entered into a transaction with Any Lab Test Now (ALTN) to bring together the franchise operations of both ALTN and Arcpoint into a new joint venture company, Cresso Brands LLC. Any Lab Test Now, based in Atlanta, Ga., was founded in 1992 and at the time of the Aug. 20, 2024, transaction, had more than 235 U.S. franchise locations, providing direct access to clinical, DNA, and drug and alcohol lab testing services, as well as phlebotomy and other specimen collection services, through its retail storefront business model. When combined with the more than 135 Arcpoint franchise group locations, also at the time of the transaction, Cresso is now the largest franchise network of its kind in the United States.

Mr. Constantine concluded: "This integration greatly enhances the functionality of the health and wellness care ecosystem we are building by allowing greater connectivity and collaboration between the ecosystem constituents. This will allow constituent service providers to better serve customers, and we believe it will attract more health and wellness practitioners and other service providers, which will create an even more robust ecosystem."

JAMA is a peer-reviewed medical journal published 48 times a year by the American Medical Association.

About Arcpoint Inc.

Through its ownership stake in Cresso Brands, Arcpoint is a partner in a leading U.S.-based franchise system that leverages technology along with bricks and mortar locations to give businesses and individual consumers access to convenient, cost-effective health care information and solutions with transparent, upfront pricing, so that they can be proactive and preventative with their health and well-being. Cresso Brands is a Delaware limited liability company and is the largest franchise network of its kind in the U.S., with more than 360 locations operating under the Any Lab Test Now and Arcpoint Labs brands. Arcpoint's AFG Services LLC operates a proprietary technology platform and a physician network to equip Cresso Brand franchisees and other third party operators with technology and tools to operate their businesses and better serve their customers.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.