WELLSTAR’s OceanMD is Canada’s eReferral market leader with programs in four Canadian provinces now facilitating over 1.7 million eReferrals annually nationwide with participation from more than 20,000 physicians and 3,800 clinics.
WELL Health Technologies Corp. , a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to provide a corporate update on its majority-owned platform subsidiary, WELLSTAR Technologies Corp. , including recent developments related to OceanMD’s eReferral platform, recent strategic acquisitions, and the completion of a $62 million Series B financing round.
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Amir Javidan, CEO of WELLSTAR, commented, “The past twelve months have been transformational for WELLSTAR as we have firmly established ourselves as Canada’s premier digital health platform for healthcare providers. The business has strong momentum, driven by steady organic growth, a growing base of recurring revenue, and increasing adoption of technologies such as OceanMD and Nexus AI across our platform. We are executing with discipline and advancing our strategy through continued organic expansion and targeted, high-impact acquisitions that strengthen our offering and extend our market reach. With a clear path toward a potential public listing in 2026, our mission is to empower clinicians with best-in-class digital tools while building a durable, high-growth business that delivers lasting value for shareholders.”
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OceanMD eReferral Expansion
Following a comprehensive procurement and contracting process, OceanMD has been awarded a material eReferral contract to be the provincial Referral Management System (“RMS”). The province-wide Request for Proposals sought vendors capable of delivering eReferral platforms that integrate seamlessly with existing provincial digital health assets, as well as all major electronic medical record systems in both community and hospital settings. This is a new customer contract that immediately uplifts WELLSTAR’s overall ARR by 16%.
OceanMD now facilitates over 1.7 million eReferrals annually nationwide. The platform is trusted in Canada by more than 17,000 physicians and 2,500 clinics to send eReferrals, and over 3,300 physicians and 1,300 clinics to receive them. Collectively, more than 20,000 physicians and 3,800 clinics participate in the program, reflecting the largest eReferral network in Canada.
Ocean eReferrals have delivered measurable improvements in patient care, including a 12% reduction in unnecessary MRIs(2), a 20% reduction in surgical wait times, and a 35-day decrease in central intake referral processing times. With built-in appropriateness criteria and clinical decision support tools, OceanMD ensures referrals are accurate, necessary, and timely. These benefits are further reflected in patient outcomes, with 95% of patients reporting improved referral experiences and 89% noting satisfaction with wait times.
Jeff Kavanagh, Co-Founder and CEO of OceanMD, commented, “We are honoured to be selected as the official RMS for another entire province. Winning this competitive procurement process demonstrates the strength, scalability, and reliability of the Ocean platform. With Ocean eReferrals, we are committed to providing healthcare providers with a proven, scalable platform that reduces wait times, improves patient satisfaction, and helps clinicians deliver better care. We are extremely proud and honoured by this new contract win, which reinforces how Ocean’s eReferral platform has been established as Canada’s leading eReferral platform.”
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Source- businesswire
