DELRAY
BEACH, Fla., May 17, 2022
/PRNewswire/ -- UpHealth, Inc. (NYSE: UPH) today
announced that its telehealth platform, Martti™, has achieved 53%
growth in Q1 and an estimated $8
million in new contract value over the past 3
years.
Martti™ is a telehealth platform that provides language
interpretation at the point of care. The platform interoperates
with electronic health records (EHRs) and patient experience
platforms. The platform's language access solution supports more
than 250 languages and connects patients and care teams 24/7 with
certified and qualified medical interpreters.
As of Q1, Martti™ is present in 2,300 healthcare venues across
the United States. Its Q1 growth
reached more than 575,423 additional patients and more
than 9,390,844 minutes of additional care. Increased
consultation volumes drove higher revenues and an 11% increase in
gross margins.
"The people behind Martti™ are a committed team of innovators
dedicated to addressing healthcare disparities across the nation,
working toward a future in which patients can receive care at any
time, in any place, on any device and in any language," said
Andy Panos, President of U.S.
Telehealth at UpHealth. "We are thrilled at the growth that Martti™
is experiencing, helping us continue to develop platforms that
restore the joy in our clients' work by allowing them to focus on
people instead of technology."
In Q1, Martti™ was also awarded two large and long-term language
interpretation contracts with Ascension and Wellstar and has
two additional large long-term contracts in progress for Q2. The
top languages in the newest facilities at Texas Ascension and
Wellstar are Spanish, Vietnamese and Burmese.
"Martti™ revolutionized patient and provider communication by
introducing video remote interpreting (VRI) into the market and its
continued growth is a testament to our commitment at UpHealth to
help enable healthcare systems to support healthier individuals and
communities," said Martin Beck, CFO
of UpHealth. "We're committed to innovation and
continuous improvement of our services as well as the
integration of Martti into our other platforms, including
SyntraNet, so care providers and community services agents will be
able to communicate with patients and caregivers in their preferred
language 24/7."
Overall Martti™ interpretation satisfaction among providers sits
at 4.8 out of 5 stars. For more information about Martti™,
please visit https://uphealthinc.com/martti.
About UpHealth
UpHealth is a global digital health company that delivers
digital-first technology, infrastructure, and services to
dramatically improve how healthcare is delivered and managed.
UpHealth's solutions holistically enable clients to deliver on
their affordability, access, quality, outcomes, and patient
experience goals. UpHealth's technology platform helps its
clients improve access, coordinate care teams, and achieve better
patient outcomes at lower cost, with care management solutions,
analytics, and telehealth tools that serve patients wherever they
are, in their native language. Additionally, UpHealth's
technology-enabled virtual care infrastructure and services
improves access to quality primary and acute care, behavioral
health, and pharmacy services. UpHealth's clients include health
plans, global governments, healthcare providers and community-based
organizations.
For more information, please
visit https://uphealthinc.com and follow us
at @UpHealthInc on Twitter and UpHealth Inc on
LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. Such forward-looking
statements include, but are not limited to, the contact value for
UpHealth's telehealth platform, and UpHealth's product offerings
and developments and reception of its product by customers, and its
expectations, hopes, beliefs, intentions, plans, prospects or
strategies regarding the future revenue and the business plans of
UpHealth's management team. Any statements contained herein that
are not statements of historical fact may be deemed to be
forward-looking statements. In addition, any statements that refer
to projections, forecasts, or other characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. The words "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intends," "may,"
"might," "plan," "possible," "potential," "predict," "project,"
"should," "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. The forward-looking
statements contained in this press release are based on certain
assumptions and analyses made by the management of UpHealth in
light of their respective experience and perception of historical
trends, current conditions, and expected future developments and
their potential effects on UpHealth as well as other factors they
believe are appropriate in the circumstances. There can be no
assurance that future developments affecting UpHealth will be those
anticipated. These forward-looking statements involve a number of
risks, uncertainties (some of which are beyond the control of the
parties), or other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements, including the mix of
services utilized by UpHealth's customers and such customers' needs
for these services, market acceptance of new service offerings, the
ability of UpHealth to expand what it does for existing customers
as well as to add new customers, that UpHealth will have sufficient
capital to operate as anticipated, and the impact that the novel
coronavirus and the illness, COVID-19, that it causes, as well as
government responses to deal with the spread of this illness and
the reopening of economies that have been closed as part of these
responses, may have on UpHealth's operations, the demand for
UpHealth's products, global supply chains and economic activity in
general. Should one or more of these risks or uncertainties
materialize or should any of the assumptions being made prove
incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. We undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as may be required under applicable securities
laws.
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SOURCE UpHealth, Inc.