Kindlymd announces second quarter 2024 financial results and provides shareholder update
Company provides nearly 80% statewide comprehensive insurance coverage in utah under contract with providers such as medicare, select health, medicaid, and blue cross blue shield reimbursement from insurance payors increased 163.7% sequentially and is expected to increase as a percentage of total revenue going forward reimbursements from insurance payors totaled $126,325 in first half of 2024 as compared to $0 during the first half of 2023 salt lake city, ut / accesswire / august 14, 2024 / kindlymd, inc. ("kindlymd" or the "company") (nasdaq:kdly), a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies, today announced its financial results for the second quarter ended june 30, 2024 and is providing a shareholder update. tim pickett, pa-c, kindlymd founder and ceo, stated, "during the second quarter we successfully closed on our ipo for gross proceeds of approximately $6 million.
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