HealthLynked Corp
HealthLynked Corp operates a small multi-division healthcare business that combines in-person health services with a digital patient network and medical supply distribution. Its core platform, the HealthLynked Network, is designed to help patients store medical records, schedule appointments, access telemedicine, and connect with physicians and health systems.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueClinic-based patient care, including functional medicine, physical therapy, and related medical practice revenue.
HealthLynked Network software and subscription services for records, scheduling, telemedicine, and patient engagement.
Virtual distribution of discounted medical supplies through MOD to consumers and medical practices.
Products
Reported · share of revenue- Patent Service Revenue Net97.0 %
- Product and Other Revenue1.9 %
- Subscription and Event Revenue1.1 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
HealthLynked serves two main customer groups: patients seeking care and digital health tools, and physicians or practices that use the network to attract patients, manage scheduling, and access supplies. It also targets larger health systems, hospitals, and universities as potential network partners, while MOD sells medical supplies to both consumers and medical practices.
They use the HealthLynked Network for medical records, scheduling, telemedicine, and care coordination.
They buy access to patient acquisition, online scheduling, and network visibility to support practice growth.
They are targeted as institutional partners to expand network adoption and referral reach.
They purchase discounted medical supplies from MOD for convenience and lower cost.
Strategy
HealthLynked is trying to scale the HealthLynked Network while keeping its health services operations profitable enough to fund development. Management is using direct-to-patient marketing, co-marketing with MOD, and outreach to health systems and institutions to build usage and subscriptions, but the company also states it will need additional capital to execute this plan.
Subscription and platform adoption are central to future revenue growth and valuation.
Bundling supplies with patient and physician relationships can improve monetization and retention.
Cost reductions help offset lower patient service revenue and reduce cash burn.
The company says it cannot fund obligations and growth plans without additional capital.
Geography
The company is based in the United States and says its medical supply business operates nationwide. Its growth efforts are concentrated in targeted U.S. geographies, including expanded southeast regional sales, while digital marketing is used to broaden penetration across the country.
Risks
HealthLynked is a going-concern-risk company with persistent losses, low cash balances, and dependence on external financing. Its growth plan depends on successfully marketing the HealthLynked Network while managing declining or volatile clinic revenue, which makes execution risk and funding risk especially important.
Management states it will not have sufficient funds to meet obligations without additional funding.
Operations have been funded through stock sales, convertible notes, and related-party debt.
Exposure: Financing availability and dilution
Future revenue depends on successfully developing and marketing the HealthLynked Network.
Exposure: Subscription growth and platform adoption
Patient service revenue has been affected by discontinuations, staffing changes, and cost cuts.
Exposure: Health Services Division
Product revenue fell as marketing efforts and demand weakened at offered price points.
Exposure: MOD distribution business
Accounting
Judgemental itemsPatient service, subscription, and product revenue have different timing and margin profiles.
Impact: Affects quarterly comparability and gross margin analysis
Discount amortization materially increases non-cash interest expense.
Impact: Can widen reported net losses without affecting cash immediately
The company recorded gains and losses from changes in fair value of debt and derivatives.
Impact: Creates volatility in other income (expense)
Management concluded additional funding is required to continue operations.
Impact: Signals heightened estimation uncertainty around asset recovery and liabilities
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Last updated: 24/09/2026