Trading at only fractions of a penny, this emerging health tech company is connecting medical providers and facilities with highly disruptive solutions to advance their businesses.
With higher demand comes projections of increased healthcare profits from 2021–2025, according to a McKinsey & Co. study completed this year. The study projects healthcare company earnings will grow 6% annually -- a 20% increase -- producing an additional $31 billion in profits!
McKinsey has found that innovation and growth have continued unabated in the healthcare industry despite persistent inflation in consumer prices. The broad field of healthcare has often been considered a recession-proof industry.
Stephanie Allen, a global public health and social services leader, told research firm Deloitte recently that COVID-19 has accelerated numerous trends in the healthcare sector, particularly around health equity and sustainability. According to Allen, rapidly evolving digital health technologies are among leading topics on the minds of healthcare executives globally.
This bodes considerably well for InnovaQor, Inc. (OTC: VMCS), a tech and software company in the $4.3 trillion medical sector, which may be trading at a supreme premium right now…
Among the company’s many developed and proven healthcare solutions, InnovaQor, Inc. (OTC: VMCS) is aiming to develop a social media like network for professionals in the medical industry where peer-to-peer communication between professionals would be possible worldwide!
(OTC: VMCS) might be the best healthcare stock to have your eyes on in 2023 and could quickly come out from being under the radar!
InnovaQor, Inc. (OTC: VMCS) owns an exciting suite of software products for the healthcare sector, which had significant investment in previous years prior to the 2021 acquisition by the company.
The company is the result of an agreement in June 2021 between Rennova Health, Inc and VisualMED Clinical Solutions Corp. whereby ownership of the software division of Rennova, Health Technology Solutions and its subsidiaries transferred to VisualMed and the VisualMed name was changed to InnovaQor.
InnovaQor, Inc. (OTC: VMCS) currently offers products that are both standalone or fully integrable into a single-source solution. Via their Business Analytics Repository, the company’s solutions integrate seamlessly not only with each other, but with all stages of the healthcare process and provide specialized services for healthcare facilities to assist in the overall improvement of business operations and encourage sustainable growth and development within the healthcare industry.
The company aims to enhance business practices for providers and facilities, complemented by the provision of IT-managed services to protect assets and patient data.
InnovaQor, Inc. (OTC: VMCS) additionally intends to build a communication platform specifically for the medical sector, which will facilitate communication and collaboration between peers and allow the addition of revenue-generating bolt on offers, including existing solutions and a new recruitment matching product for the healthcare sector.
HTS vCIO provides specialized IT services for healthcare facilities to assist in enhancing business operations and encourage sustainable growth within the healthcare industry. Our services focus on infrastructure-related management, and we ensure you maintain a competitive advantage with innovative technology solutions.
Healthcare Technology Solutions (HTS) Virtual Chief Information Officer (vCIO) services provides one-stop, specialized IT services for healthcare facilities which enhance business operations and encourage sustainable growth. Our services focus on infrastructure-related management and we ensure you maintain a competitive advantage with innovative technology solutions. With HTS's vCIO services, organizations gain access to best-in-class managed IT and cloud solutions without the headaches of supporting an in-house staff.
Qira analytics integrates data across your entire business – streamlining operations that improve services, reporting and financial health.
Qira’s engaging, at-a-glance graphic displays make complex information relevant to all tiers of end users. Familiar formats paired with advanced data slicing capabilities bring more analytical power to standard reports.
Connect from anywhere via multiple platforms on any device web-connected device. Running on Microsoft's PowerBI platform, Qira goes where you go, making your data available anywhere, anytime.
Medical Mime provides best-in-class patient lifecycle management for Behavioral Health/Substance Abuse (BH/SA) treatment centers through its robust yet efficient electronic medical records (EMR) purpose-built software. From pre-admission to billing and aftercare, Medical Mime seamlessly integrates into the natural workflow of your day-to-day operations.
Comprehensive at-a-glance view of each patient and their status with color coding identifying current level of care. Easily filter by:
ClinLab is a turnkey Laboratory Information System (LIS) for the modern small to medium sized clinical lab.
ClinLab is a proprietary Windows-based, Internet and web-enabled laboratory information management system. Designed by medical technologists, ClinLab is scalable from small point-of-care labs to large multi-user, multi-location clinical facilities. ClinLab acts as a data warehouse for lab results and includes reporting, data acquisition, label printing, electronic signoff and provides numerous interface capabilities to a multitude of reference labs and practice systems.
ClinLab offers a LIS to:
MEDtuning allows healthcare providers to customize their patients' drug therapy plans while increasing safety.
MEDtuning, offers patients and physicians clinicians the ability to personalize drug therapy and increase safety and compliance. MEDtuning is a genetic assessment of the medicines currently prescribed or being considered for the patient, extending to 200 Neuro-Psychiatric and 160 Cardio-Metabolic drugs featured within the MEDtuning App. Deployment of this system allows the personalized management of drugs to treat mental illness, pain, diabetes, and cardiovascular disease, leading clinicians and patients to their desired treatment goal and resulting in effective and individualized healthcare.
InnovaQor, Inc. (OTC: VMCS) Chief Executive Officer Sharon Hollis recently joined Stock Day host Everett Jolly to provide a summary of the business activities.
Hollis stated that current resources were focused on monetizing the Electronic Health Records and MedTuning product. She confirmed that there are customers using the EHR product in the behavioral health sector and that an investment in sales and marketing could generate significant revenue and profit for the Company in the near future!
Hollis also explained the company’s intention to offer a social medial platform to join and identify peers, and expand to include subscription services for added value services and communication.
She used the healthcare recruitment sector as an example and described that this is an extremely hot area right now with agencies and recruitment companies earning very significant fees to match healthcare employees with employers.
InnovaQor, Inc. (OTC: VMCS) intends to build a solution as a subscription module on the new platform, like the Uber app but for relevant talent to specific opportunities.
“The market needs a solution that is much less expensive for all parties but also more specific in matching those seeking work and those needing to hire.”
VMCS CEO Sharon Hollis
Healthcare recruitment isn't just beneficial for hospitals and medical providers. It is a critical tool for candidates as well.
According to the Bureau of Labor Statistics, healthcare jobs are projected to grow by 18%, with 2.4 million new healthcare jobs added by 2026.
With Millennial's and Generation Z soon making up a majority of the workforce and older generations beginning to retire, healthcare recruiting professionals need a new way to reach, attract, and recruit talent.
Enter Social Media Health Recruiting.
Healthcare hiring trends are staggering. By 2026, 14% of all jobs in the United States will be in the healthcare and social assistance industries, according to the Bureau of Labor Statistics.
It's not surprising that social media is such a compelling healthcare and medical recruiting strategy. Between the fluctuating hours and limited time to conduct research on available job opportunityes, social media is an easy resource for healthcare professionals to use in their sparse free time.
Mad Money’s Jim Cramer recently remarked that health care stocks have stayed relatively steady in 2022 because they tend to be recession-resistant stocks — in other words, they perform well regardless of the state of the economy.
The elderly population is also growing at a rapid pace creating a continued demand for healthcare services. Every country in the world is experiencing growth in both the size and the proportion of older persons in the population. According to WHO, by 2030, 1 in 6 people in the world will be aged 60 years or over!
Savita Subramanian, head of equity and quantitative strategy at BofA Securities, also likes the defensive nature of healthcare stocks, as well as their ability to maintain pricing power.
"We believe the sector is well-positioned amid looming recession risks. Healthcare offers growth, defense, and yield at a reasonable price: GARP (growth at a reasonable price), DARP (defense at a reasonable price), and YARP (yield at a reasonable price)."
– Savita Subramanian
With a roster of health care stocks to consider, InnovaQor, Inc. (OTC: VMCS) should be high on your watchlist for next year as the growth potential could be astronomical for the company.
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