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Avricore Health Inc. (TSX.V: AVCR) (OTCQB: AVCRF) Taking Part in Health Care Digital Transformation Through HealthTab(TM) Platform
October 4, 2021

Avricore Health Inc. (TSX.V: AVCR) (OTCQB: AVCRF) Taking Part in Health Care Digital Transformation Through HealthTab(TM) Platform

  • Through HealthTab, its flagship offering, Avricore is enabling consumers to access important health information in a convenient way and at a time that is fitting for them
  • HealthTab is a turnkey point-of-care testing solution that combines a secure, cloud-based platform with point-of-care technologies
  • In a rapidly evolving world of healthcare that has seen consumers become more health-conscious and prompted the adoption of digital technologies, Avricore is playing a critical role
  • Avricore has appointed Oak Hill Financial Services Inc. to provide the company with investor relations and advisory services.

When reflecting upon the impact of the COVID-19 pandemic, it is hard to miss the fact that it has accelerated change across the global health care ecosystem. It has made consumers more health-conscious, with many taking more initiative, as evidenced by their willingness to utilize technologies to get information on health issues, as well as track their health and use the data generated to make health-related decisions. They are also accessing and utilizing their medical record data.

These new consumer preferences have meant that health delivery organizations (“HDOs”) have had to adapt and innovate within a short time to remain relevant. As a result, HDOs are transforming their care models by including safe, secure, and virtual care delivery, leveraging partnerships, reimagining the workforce, and more. Additionally, the pandemic has exposed the ever-expanding gap between the demand for health care and the supply of resources, including staff, further solidifying the awareness that widespread adoption of digital technologies, such as artificial intelligence (“AI”), cloud computing, and virtual care delivery, is needed to bridge this gap (https://ibn.fm/RwMwL). 

In this rapidly evolving world of health care, Avricore Health (TSX.V: AVCR) (OTCQB: AVCRF), a health diagnostics technology innovator, is taking part in the digital transformation as well as satisfying emerging consumer preferences through its flagship offering, HealthTab(TM). 

A turnkey point-of-care testing solution that combines a secure, cloud-based platform with best-in-class point-of-care technologies to help improve the quality of life for patients living with chronic illnesses, HealthTab enables consumers to access important health information conveniently and at a time that is fitting for them. This is especially critical at a time when increasingly health-conscious consumers are looking for these exact technologies and services.

“What HealthTab does is it creates a space where a patient can take direct agency over their health,” stated Avricore CEO Hector Bremner (https://ibn.fm/0Bro6). “They can walk into their pharmacy, they can ask that question, and they can get information that they can act on now.”

Avricore’s pharmacy-based approach to providing convenient and timely care appears to bode well with the ongoing transformation of the health care system, which has expanded the role of pharmacists. Their responsibilities are evolving to include providing direct care to patients in tandem with physicians through collaborative practice agreements (“CPAs”). Some of these expanded responsibilities include performing patient assessment activities, ordering and interpreting lab tests, creating therapeutic plans, and using initiating, adjusting, or discontinuing drug treatment (https://ibn.fm/8YA9J).

In understanding this growing importance of pharmacies and pharmacists, Avricore is using its HealthTab platform to turn the former into community diagnostic centers, enabling pharmacists to seamlessly and successfully take up their expanded responsibilities, thus playing a greater role in primary health services. 

Avricore has since partnered with Shoppers Drug Mart, which boasts an extensive network across Canada comprising more than 1,300 stores. Following a successful pilot, HealthTab is expected to roll out across more stores, further expanding Avricore’s Canadian coverage.

Meanwhile, Avricore announced on September 13 that it had appointed Oak Hill Financial Services Inc., a Toronto-based leading Canadian marketing and distribution firm, to provide investor relations and advisory services. “More specifically, Oak Hill will provide services such as drafting marketing materials and reaching out to its Canadian investor network to expand Avricore’s visibility in the financial community,” explains the announcement (https://ibn.fm/NxucC). 

For more information, visit the company’s website at www.AvricoreHealth.com.

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

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