Rocket Doctor (AIDR.CN) on Tuesday said it sealed a one-year network agreement with a technology network solutions partner.
The agreement expands access to physician-led care across multiple healthcare and insurance channels in California, the company said. It allows Rocket Doctor to participate across the Primary, Complementary, Workers' Compensation, Auto Medical and Medicare Advantage channels.
The national network serves over 700 health plans, with 100,000 employers and 60-million consumers, with 1.4-million contracted providers. The agreement is renewed automatically.
"This agreement is particularly exciting because of the breadth of access it creates through a single relationship," said Chief Executive William Cherniak. "As we continue to scale in California, expanding beyond traditional health insurance into areas such as workers' compensation and auto medical creates new opportunities for physicians to reach patients who need timely care. It is another important step toward building a diversified and sustainable reimbursement infrastructure around physician-led virtual care."
Rocket Doctor shares were last seen up C$0.02 to C$0.61 on the Canadian Securities Exchange.
Price: $0.61, Change: $+0.02, Percent Change: +3.39%