InvestorWire NewsRoom


Avricore Health Inc. (TSX.V: AVCR) (OTCQB: AVCRF) and the Critical Need for Better Disease Diagnosis
September 24, 2021

Avricore Health Inc. (TSX.V: AVCR) (OTCQB: AVCRF) and the Critical Need for Better Disease Diagnosis

  • Up to 70% of all medical decisions are based on lab tests. These tests cost between 3% and 6% of total patient-care costs
  • The average patient spends about $260 on lab tests, a figure that is mainly associated with waiting for test results
  • With point-of-care (“POC”) testing, waiting time can improve by as much as 46 minutes per patient, thus making it cheaper for the patient
  • Avricore understands this problem, hence its investment in point-of-care technologies designed to make disease diagnosis easier, affordable, and more efficient

Over the past few decades, disease diagnosis has proven to be the single most important ongoing development in medicine, and for a good reason. The surge in infectious diseases has shown the importance of rapid and accurate diagnosis. Cases of Ebola outbreaks, along with the recent Covid-19 pandemic, have shown the significance of proper diagnosis and, even more importantly, point-of-care (“POC”) testing ( 

Early and accurate diagnosis has proven to improve the overall effectiveness of treatments while also helping the infected patient avoid long-term complications. Additionally, misdiagnosed or undiagnosed patients can unknowingly transmit the disease they have to others. In other cases, inaccurate diagnosis has led to the misuse or overuse of antibiotics, ultimately resulting in antibiotic resistance.

Avricore Health (TSX.V: AVCR) (OTCQB: AVCRF), a Canadian-based enterprise, since its inception, has maintained its primary focus on developing a network of point-of-care analyzers, offering advanced technologies that aid with easy, fast, and efficient diagnosis. This health diagnostics technology innovator utilizes its HealthTab(TM) platform in community pharmacies, rural areas, and workplaces, thereby cutting down on the time it takes for a patient to get a proper diagnosis and medication for their ailment ( 

As it currently stands, up to 70% of all medical decisions are based on lab tests. Typically, these tests account for between 3% and 6% of total patient-care costs, which can be significant if a patient requires multiple tests or if the initial test proves unforthcoming ( Avricore understands that this is an issue, so it has invested a lot in rapid testing for patients. So far, the company, through its partners, offers rapid diagnosis for diabetes and cardiovascular conditions, and even Covid-19 ( 

POC testing has proven to offer the highest cost savings, which can then be traced down to the decreased cost of waiting for results. With rapid turnaround times, patients can save between 8-20% of lab costs. For instance, in the United States, patients spend as much as $260 each on lab tests and costs associated with waiting for their results. With POC testing, as Avricore is currently offering, waiting can improve by as much as 46 minutes per patient, resulting in monetary savings.

For further context, the use of a diagnostic test for early detection of Methicillin-Resistant Staphylococcus Aureus (“MRSA”) allowed doctors to prescribe optimum antibiotics 1.7 days sooner, thereby reducing the length of hospital stays by 6.2 days and lowering hospital costs by over $21,000. Researchers also pointed out during the Ebola crisis that had POC tests been used during the epidemic, its scale could have been reduced by over a third.

Avricore understands the importance of proper and efficient disease diagnosis, hence its investment in point-of-care analyzers. The company has made incredible strides over the past few years, forming critical partnerships with pharmacies and bringing its services closer to the people. This has proven useful in the company’s onsite testing and reporting capabilities for SARS-CoV-2, RSV, Influenza A & B and Strep ( Referring to itself as a total health innovator, Avricore is constantly seeking to capitalize on technological advancement and consumer health trends, thereby offering consumers, health providers, and life-science companies the ability to control spending and health outcomes ( 

Going forward, the company intends to become the world’s largest health diagnostics company. It is currently focusing on point-of-care technologies within community pharmacies to achieve this. According to the company, doing so will make the diagnosis and overall healthcare more accessible and affordable to the masses. What the company is doing is transforming disease diagnosis and laying the foundation for what is to come in the future.

For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to AVCRF are available in the company’s newsroom at 

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent Articles

Release Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).