On the rise: Jack Nathan Health
Canadian healthcare company Jack Nathan Medical Corp has announced a major expansion in Mexico, with the opening of 153 new medical clinics in Walmart stores under the brand name Jack Nathan Health.
The company say these will be located in areas that would benefit from increased medical services, which will include telemedicine options and family health.
This is the company's largest expansion since it was founded in 2006, and will give Jack Nathan Health a significant presence as a healthcare provider in Mexico, bringing the company's total clinics to the Central American country to 203.
Leading healthcare in Canada
Jack Nathan Medical Corp is one of Canada’s largest healthcare networks, providing primary, dental and urgent care. Thanks to its partnership with Walmart Canada, it operates clinics in 76 Walmart stores across the country.
A key part of the company's strategy is the use of technology to drive patient and practitioner engagement. Its online platform offers e-prescribing, patient scheduling and a virtual consultation service, which was developed quickly to enable access to healthcare professionals during the pandemic, as well as COVID-19 screening.
In November 2020 the company appointed digital health expert Serge Cinelli as its new Chief Technology Officer, to help roll out Jack Nathan's proprietary technology. Following this, in January this year it acquired Writi, a software firm.
Revolutionising healthcare with technology
Writi's Virtual Healthcare solution is a cloud-based medication-management platform aimed at elderly care providers, and is available on mobile devices and web platforms. It is used by TELUS Health among others, the health division of one of Canada's largest telecommunications companies.
The acquisition of Writi formed part of Jack Nathan Health's technology roadmap, which includes bringing hospital-quality care to the home.
As well as trading on the Toronto Venture Stock Exchange, earlier this year Jack Nathan began trading shares on the OTCQB, a leading American market for early stage and developing companies.
Commenting on the recent expansion throughout Mexico, Chairman and Chief Executive Officer George Barakat said: "Jack Nathan Health, in partnership with Walmart, is now positioning itself to become the largest physician serviced healthcare network in Mexico.
"We believe that we are going to revolutionise healthcare as we embark on this historic growth phase.”
Zoom enters the healthcare market - a timeline
Since the pandemic began Zoom has become an integral part of daily life for people working from home, as well as a vital tool for families and friends to communicate. However it's also been eyeing up the healthcare space since 2017, and following the boom in telehealth the company has been rolling out additional services. Here we chart Zoom's move into healthcare.
2011 - 2013
Zoom is founded in San Jose, California, by Eric Yuan, formerly of Cisco. He got the idea to create a video calling platform from his visits to his girlfriend while he was a student, which would take 10 hours by train.
A beta version is released in 2012, which can host up to 15 participants. In 2013 this rises to 25. By mid-2013, Zoom has 1 million users.
2014 - 2017
Zoom attracts investors, including Sequoia Capital, Emergence and Horizon Ventures. By January 2017, Zoom has a series D funding worth $100 million.
2017 - 2019
Zoom for Telehealth launches, including an integration with EHR system Epic. It has cloud-based video, audio, and content sharing features, a "waiting room" for patients, and can easily be integrated into healthcare provider's workflows.
In 2019 Zoom goes public, with its IPO rising 72% in one day.
As a result of the pandemic, Zoom gains 2.2 million new users, more than in the whole of 2019. On the 23rd of March alone - the day the UK lockdown was announced - the platform was downloaded 2.13 million times around the world.
Share prices rise to around $150, and founder and chief executive Eric Yuan becomes one of the world's richest people, with an estimated net worth of $7.9 billion.
Early security issues are addressed by encrypting data with the Advanced Encryption Standard (AES). By now the the platform allows 99 people to be on a call simultaneously
New features launch, including Zoom Home and Zoom for Chats. Throughout the year the platform is used to replace most kinds of real life events: work meetings, online classrooms, church services and social events.
Renamed Zoom for Healthcare, users can share secured video, audio, and content through desktops, mobile phones, and conference devices. As well as Epic, it can be integrated with Strmr, IntakeQ, and Practice Better.
It can also be used with diagnostic cameras and other point-of-care devices, including digital stethoscopes.
In an interview with Korea Biomedical Review, Zoom Global Healthcare Lead Ron Emerson said: "Our service is not simply a virtual care and telemedicine platform but a multi-purpose platform that can satisfy the needs of healthcare institutions."
"It can be used for administrative tasks, including telemedicine, medical team meetings, recruitment, medical education, employee training, and disease prevention. Analysing electronic records managed by Zoom could provide meaningful insights into patient care."
Phoenix Children's Hospital, Belfast's Hospital Services Limited, Butler Health Services and the global Project ECHO are among Zoom for Healthcare's current customers.