Biotricity Accelerates Market Access by Partnering with Third Major Group Purchasing Organization, Expanding Market Reach to 90% of U.S. Hospitals

REDWOOD CITY, CA / ACCESSWIRE / March 28, 2024 / Biotricity Inc. (NASDAQ:BTCY) (“Biotricity” or the “Company”), a leading Technology-as-a-Service (TaaS) company revolutionizing the medical diagnostic and consumer healthcare field, continues its strategic expansion with the announcement of its latest partnership with yet another leading Group Purchasing Organization (GPO). GPOs streamline purchasing processes for medical providers and systems. With this latest partnership, Biotricity’s GPO partners collectively manage the buying needs of 9 out of every 10 hospitals in the U.S. Moreover, they wield immense purchasing power, totaling $264 billion. With these strategic alliances, Biotricity is poised to drive growth by capitalizing on these expansive market channels, solidifying its standing as a premier player in the healthcare technology sector.

Media:
Biotricity: Revolutionizing Healthcare with Strategic Partnerships

“Biotricity is thrilled to be selected as a newly featured vendor of cutting-edge remote cardiac monitoring solutions with these key GPOs,” said Waqaas Al-Siddiq, Ph.D., Founder, Chairman, and CEO of Biotricity. “This significant milestone will enhance our visibility and market reach within the healthcare industry. We anticipate robust growth in the future as our products become more readily available.”

With U.S. healthcare expenditures soaring to $4.5 trillion in 2022 and an aging population driving further increases, cost-effective buying solutions are a necessity. GPOs streamline purchasing processes for clinical care systems across the U.S. According to research from the Healthcare Supply Chain Association, GPOs collectively save the healthcare industry as much as $55 billion annually.

Representing 97% of U.S. hospitals, GPOs leverage their significant negotiating power to secure advantageous terms for medical devices and supplies. Biotricity’s newest affiliation gives the company access to approximately 90% of all hospitals in America and is a testament to the Company’s strategy of promoting accessible, high-quality care to improve patient outcomes while strategically positioning it for unmatched market access and growth.

For Investors interested in learning more about Biotricity, its robust revenue trajectory, and its comprehensive suite of medical diagnostic and consumer healthcare technologies, visit www.biotricity.com/investors.

About Biotricity
Biotricity is transforming the healthcare market by bridging the gap in remote monitoring and chronic care management with a focus on cardiology. Physicians and patients trust Biotricity’s unparalleled standard for preventive and personal care, including diagnostic and post-diagnostic solutions for chronic conditions. The company develops comprehensive remote health monitoring solutions for the medical and consumer markets. To learn more, visit www.biotricity.com and follow us on Twitter and LinkedIn.

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Investor Relations Contacts
investors@biotricity.com

SOURCE: Biotricity, Inc.

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