Avricore’s HealthTab Point-of-care Testing Solution helps Bridge Gaps in Patient Care

April 5, 2023
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Investing News
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Avricore’s HealthTab Point-of-care Testing Solution helps Bridge Gaps in Patient Care

TL;DR

Avicore Health is revolutionizing the pharmacy practice by integrating technology that enables point-of-care testing, leading to better health outcomes and patient engagement in their own care.

Transcript

testing is this emerging technology it is one of the fastest growing businesses it's going from about a 25 billion dollar business at the beginning of this decade to being about a 90 billion dollar business at the end of this decade hello and welcome to CEO insights I'm Marilyn De Guzman with investing News Network Our Guest today is Hector Bremner... Read More

Key Insights

  • 😨 Point-of-care testing is one of the fastest-growing areas in healthcare technology, projected to become a $90 billion business by the end of the decade.
  • 🖐️ Pharmacists, with their expertise and access to real-time data through technology, can fill gaps in the healthcare system and play a significant role in chronic disease screening and management.
  • 😨 Integrating technology into pharmacies increases efficiency, reduces healthcare costs, and enables personalized care.
  • 😨 The government's support and investment in pharmacy services and technology are crucial for improving healthcare outcomes and managing the increasing demand for care.
  • 🐕‍🦺 Avicore Health anticipates steady growth, diversification of services, and global expansion in the coming years, driven by increased demand and partnerships with pharmacies.
  • 😨 Point-of-care testing not only provides immediate results but also educates patients about their health conditions and can contribute to the reduction of antibiotic overuse.

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Questions & Answers

Q: What is Avicore Health's primary offering for pharmacies?

Avicore Health offers Health Tab, a turnkey solution for pharmacies to offer point-of-care testing. It integrates with instruments from partner company Abbott and provides real-time data analysis for immediate results.

Q: How does point-of-care testing benefit patients?

Point-of-care testing allows patients to take control of their health journey by receiving immediate results and personalized care. It helps identify and manage chronic diseases and promotes proactive healthcare measures.

Q: What role do pharmacists play in the evolving healthcare paradigm?

Pharmacists, with their medical training and expertise in medications, can play a critical role in patient-centered care and chronic disease management. They have long-term relationships with patients and are readily available to provide care on demand.

Q: How does technology aid patient education and self-care?

Technology, specifically point-of-care testing, aids patient education by providing real-time and trustworthy information. It allows patients to actively engage in their health journey, leading to better health outcomes and increased adherence to therapy.

Summary & Key Takeaways

  • Avicore Health is bringing innovative technologies to the pharmacy practice, supporting its transition into a service-based healthcare model.

  • Their primary offering, Health Tab, is a turnkey solution that allows pharmacies to offer point-of-care testing using cloud-based integration and real-time data analysis.

  • This technology empowers individuals to take control of their health journey and enables pharmacists to provide more personalized care, including chronic disease screening and management.


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