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HIGHMARK INTERACTIVE INC. (:HMRK) Highmark Interactive's First Site for its THINK AHEAD Pathways Program Deployed Successfully and On Time with the Emergency Room at Joseph Brant Hospital

Directive transparence : information réglementée

20/07/2022 15:00

TORONTO, ON / ACCESSWIRE / July 20, 2022 / Highmark's THINK AHEAD Pathways Program Goes live in its first of ten Ontario Emergency Room deployments. The program offers physician follow-up and remote monitoring of neurological function to patients who are over age 12 and who have suffered a head injury and are discharged directly from the Emergency Room (ER). It is intended to help address the gaps in follow-up care that can occur post-discharge.

Highmark Interactive Inc., Wednesday, July 20, 2022, Press release picture

Highmark Interactive Inc. (TSXV:HMRK), a global leader in digital health technologies, is pleased to announced an update of their THINK AHEAD Pathways Program (see press release June 14, 2022) the Highmark program is now live with Joseph Brant Hospital Emergency Room (ER) with a plan to add 14 more ERs by the end of 2023. THINK AHEAD was specifically developed for Canadian ERs for individuals who have experienced a head injury. The roll out of its second and third ER in the broader Greater Toronto Area (GTA) in Phase 1 of the program is expected later this summer/early fall. Phase 2 should continue as planned in November 2022 with an acceleration in deploying THINK AHEAD to an additional 7 Ontario ERs with one ER onboarded every 4-5 weeks.

Highmark's experience in its first deployment with Joseph Brant Hospital has resulted in the implementation of scalable efficiencies that will reduce time to deployment for each ER by 30-40%. Following discharge from the ER, the patient completes Highmark's digital neurological EQ assessment via their smart device prior to their virtual appointment with a physician within a few days of discharge. The physician can immediately review their current symptoms, balance and cognitive status using the Highmark telehealth portal, creating a more efficient clinical session without compromising quality. Highmark's program for early intervention can promote better patient outcomes with minimal administration resources required of the hospital.

According to a study published in the Journal of Head Trauma Rehabilitation in 2020, 150,000 people will be diagnosed annually with mild head injury in Ontario with the majority seen and diagnosed in Ontario's ERs. The key driver of THINK AHEAD is to minimize the number of people that may fall through the cracks of our overstretched healthcare system after discharge. "We're excited to begin Phase 1 of the Think Ahead program ahead of schedule! Deploying digital technology to help bridge potential gaps in the current healthcare system is Highmark's mission! EQ should lead to improved measurable patient outcomes, which will drive shareholder value and fulfill part of our vision." says Dr. Sanjeev Sharma, Co - Founder & CEO.

As per the June 14, 2022 press release, Highmark has developed a program that provides a coordinated transition from ER to community to promote early intervention, without the cost being borne by either the hospital or the patient. Under the THINK AHEAD program, if rehabilitation is required, the cost of Highmark's EQ platform will be undertaken by the treating clinic within the THINK AHEAD network of providers . Highmark continues to expect that Phase 1 deployments will generate annualized recurring revenue of $3 million by fall of 2022 . Phase 1 is anticipated to be an equal mix of SaaS revenue with clinical services. By the end of Q2 of 2023, the rollout schedule targets a total of 10 Ontario ERs generating approximately $10 million in annualized revenue, with 75% expected to be SaaS revenue. Highmark is targeting deployment across 15 ERs by the end of 2023 in Ontario of which almost 85% will be SaaS revenue.

About Highmark Interactive

Highmark Interactive was created to change the paradigm of testing and management for brain and mental health. Highmark's approach is focused on providing real-time data to health providers to support proactive, preventative interventions and targeted care planning to improve health outcomes.

In addition to a growing network of virtual clinics, Highmark Interactive offers the world's first gamified, FDA cleared patient-led assessments as well as digital clinician-led assessments of neurofunction and balance. Together, the technology is used in more than 350 health organizations globally.

By unlocking insights, Highmark's platform enables precision medicine and creates a more contemporary model for delivering better outcomes in medical, mental health and rehabilitation services. Learn more: https://www.highmark.tech/

For further information: Highmark Interactive Inc. Investor Relations ir@highmark.tech

Cautionary Note Regarding Forward-Looking Information

This News Release contains forward-looking statements that relate to the current expectations and views of future events of the Corporation.

In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events.

Forward-looking statements in this Filing Statement include, among other things, statements relating to anticipated revenues generated by the Corporation's customers and the patients they serve, and the Corporation's business generally. Actual revenues generated will be influenced by, among other things, the actual rate of deployment of the THINK AHEAD Pathways Program with the hospital Emergency Rooms being targeted by the Corporation.

These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Corporation in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Highmark believes are appropriate and reasonable in the circumstances, as of the date of this press release, including, without limitation, assumptions with respect to the number of hospital Emergency Rooms that will deploy the THINK AHEAD Pathways Program in the targeted time frame.

Forward-looking information is subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results that are the subject of any forward-looking statement to be materially different from those expressed or implied by such forward-looking information, including those referenced above. Although Highmark has attempted to identify important factors that could cause actual actions, events, conditions, results, performance or achievements to differ materially from those described in forward-looking information, there may be other factors that cause actions, events, conditions, results, performance or achievements to differ from those anticipated, estimated or intended. Also see the section entitled "Risk Factors" in the Corporation's filing statement dated November 4, 2021 and the sections entitled "Financial Risk Management and "Risk Management" in the Corporation's most recent management discussion and analysis for a discussion of certain factors that could cause actual results to be materially different than any forward-looking statements presented herein.

The Corporation does not undertake, and assumes no obligation, to update or revise any such forward looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

SOURCE: Highmark Interactive Inc.



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