WELL Health announces approval of historic $44 million project, largest digital project ever to advance artificial intelligence-driven technology support for care providers

• health health and its consortium partners have secured the largest Health Compass II digital project to date, which will continue to advance artificial intelligence and interoperability in Canadian healthcare.
• health health Not only will it serve as a leading commercialization partner and first customer, but it will also provide each alliance partner with expertise and interoperability to gain unprecedented access to innovation and development of new artificial intelligence tools to better support and Helping healthcare providers improve patient outcomes.
• As part of the approval, DIGITAL will fund more than one-third of all project costs associated with the project over 4 years. These funds are allocated by the federal government Canada Support technological innovation.

vancouver british columbia and toronto, July 10, 2024 /PRNewswire/ – WELL Health Technology Company (TSX: WELL) (OTCQX: WHTCF) (the “Company” or “WELL”), a leading company focused on integrating and modernizing clinical and digital assets in healthcare, is pleased to announce a groundbreaking Project approved and advanced $44 million items that will be received $15.3 million DIGITAL provides funding to support other partners’ R&D and commercialization investments in the second phase of the Health Compass program, known as Health Compass II. This huge sum of money represents the largest digital project, CanadaIts Digital Technologies Global Innovation Cluster has received funding in any funding category to date, marking a major milestone in the promise and advancement of interoperability in artificial intelligence and healthcare.

Health Compass II, with health healthORX, HEALWELL AI (TSX: AIDX, OTCQX: HWAIF), Tali AI, Phelix and Simon Fraser University Drive key contributions. Health Compass II aims to further revolutionize the healthcare industry by increasing interoperability and leveraging artificial intelligence to reduce the burden on healthcare providers. Building on the success of the initial phase of Health Compass, Health Compass II will launch an innovative suite of four AI-driven modules, integrated through EMR-agnostic mobile applications, designed to engage patients, automate management tasks, assisting healthcare providers with documentation, and enhancing clinical decision-making.

Components of this project include:

• HEALWELL AI’s Decision Compass: Clinical decision support module to identify opportunities for early diagnosis and/or improved care of rare and complex diseases.
• phosphorusORX’s Orientation Compass: A user-friendly patient-facing virtual agent module that increases patient engagement by 30% by enabling patients to find, obtain, and advance care from providers.
• Phelix’s smart inbox: The backend automation module uses AI algorithms to simplify management tasks and reduce the clinic’s manual management work by 50% or more.
• Tali voice assistant: AI assistants use environmental sensing technology to capture medically relevant information from natural conversations with the patient’s consent without distracting the healthcare provider from the patient.

Combining all four Health Compass II Partner AI modules into WELL’s Provider Compass will provide healthcare providers with automation of all non-billable patient interactions and patient visit output (patient referrals, prescriptions, etc.); Records The entire healthcare provider-patient encounter; and provide clinical recommendations based on the patient’s medical record. Ultimately, it allows clinics and clinicians to focus more on patient care by automating most daily administrative tasks without having to turn on their computers.

Hamid ShabaziWELL CEO and Founder shared his excitement and gratitude for this announcement: “This is a monumental milestone and we are honored and grateful to DIGITAL and the Office of the Minister of Champaign for their commitment to supporting innovation and responsible healthcare in healthcare. Artificial Intelligence Research. Programs like this directly support this mission and are critical to driving the digital transformation of healthcare.

François-Philippe Champagne, Minister of Innovation, Science and Industry, said: “Artificial intelligence offers healthcare professionals transformative opportunities to innovate and enhance the patient experience. Canada Be at the forefront of this critical field. Our government is proud to support the Digital Technology Cluster as it works with industry partners such as health healthreinventing health care delivery for Canadians.

Taleeb Noormohamed, Parliamentary Secretary to the Minister canadian heritage Shares: “From helping health professionals take notes and assisting in documenting diagnoses, to streamlining administrative paperwork and facilitating the patient care experience, this innovative program is using artificial intelligence to build a better future for Canadians. The government looks forward to the program’s success Successful Health Compass II Project and Other ManufacturingCanada Innovation will bring social and economic benefits to everyone.

“Canada We have a significant opportunity and imperative to leverage our global leadership in AI research to accelerate the commercialization of Canadian research on AI applications and tools. These tools will help solve some of the world’s biggest challenges while accelerating the growth of Canadian companies. DIGITAL’s continued investment in the Health Compass program supports improvements in the health of Canadians while also supporting Canada’s innovators. Sue Pash, several corporate CEOs. “Since 2018, DIGITAL has been promoting innovation, helping Canadian companies grow and stimulating private sector investment in digital solutions that are making a positive impact on the lives of Canadians.”

Health Compass II will transform the way healthcare providers practice by replacing traditional exam room workstations with the smartphone device of choice for clinicians, automating most daily tasks without the need for a computer. The measure is expected to reduce the clinic’s cost of medical services by 25% and increase patient satisfaction by 20% within the first two years of implementation.

health health Not only will we serve as a leading commercialization partner and first customer, we will continue to build standards-based API interoperability to provide everyone with a competitive advantage. Artificial Intelligence for SMEs Mod development. The alliance will leverage WELL’s extensive network, including its Provider Solutions Platform, which supports more than 3,400 clinics and more than 34,000 healthcare providers, including OceanMD (A WELL Health Company) and its EMR assets, as well as WELL’s own network of clinics Canada These include more than 175 clinics and more than 1,600 healthcare providers, including registered doctors and other healthcare professionals. WELL’s provider solutions platform is CanadaAs a leader in healthcare provider products and services, AI healthcare solutions and information security services, WELL is committed to ensuring best-in-class privacy, cybersecurity and ethical AI implementations remain at the forefront of Health Compass II commercialization.

The Health Compass II Project demonstrates health healthCommitted to empowering healthcare providers and enhancing the patient experience North America. With this significant investment, health health and its partners are poised to set new standards for ethical AI deployment in healthcare, interoperability and electronic medical record innovation, healthcare provider workflow and patient care. Health Compass II and other health care innovations from WELL and its partners will undoubtedly help improve the health of Canadians and reduce health care provider burnout.

about WELL Health Technology Company

WELL’s mission is to empower healthcare providers with technology. We achieve this by developing the best technology, services and support to ensure healthcare providers can positively impact patient outcomes. WELL’s comprehensive healthcare and digital platform includes a broad range of front- and back-office management software applications that help physicians run and secure their practices. WELL’s solutions power more than 34,000 healthcare providers between the U.S. and Canada and power the world’s largest owned and operated healthcare ecosystem Canada With more than 175 clinics, we support primary care, specialty care and diagnostic services. exist USA WELL’s solutions focus on specialty markets such as gastrointestinal, women’s health, primary care and mental health. WELL is in Toronto Stock Exchange Its code is “WELL” and its OTC market code is “WHTCF”. To learn more about WELL, visit: www.well.company.

forward-looking statements

This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws, including without limitation statements regarding future plans and objectives health health, the capabilities of Health Compass II, and DIGITAL’s future funding commitments. Forward-looking statements are statements that are not historical facts and are often, but not always, identified by words such as “anticipate,” “plan,” “anticipate,” “believe,” “intend,” “estimate,” “project” and other similar terms. , “potential” and similar expressions, or an event or condition “will”, “will”, “could”, “might” or “should” occur. Although these forward-looking statements represent health healthCurrent expectations, and they are subject to a number of risks and uncertainties that could cause actual results to differ materially, such as the ability to develop and commercialize Health Compass II among consortium members, anticipated improvements in workflow efficiency, physician acceptance, and utilization and deployment of Health Compass II. health healthnetwork. health health No undertaking is made to update any forward-looking statement except in accordance with applicable securities laws.