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Mobile-health Network Solutions Receives 2025 Technology For Good Distinction Award
Newsfile· 2025-07-24 12:00
Core Insights - Mobile-health Network Solutions (MNDR) has been awarded the 2025 Brands For Good Distinction Award in the category of Technology For Good, recognizing its contributions to social and environmental challenges [1][2] - The award ceremony took place on July 23, 2025, in Singapore, celebrating 41 companies from 80 nominations, highlighting the significance of technology in addressing societal issues [2][3] - MNDR's co-CEO, Dr. Siaw Tung Yeng, emphasized the company's commitment to improving healthcare accessibility through AI technology, which has been integrated into three innovative products in 2025 [4][7] Product Innovations - The first product, AI Agent, launched in January 2025, aims to reduce administrative burdens on healthcare providers and enhance workflow efficiency [4] - The second product, AI Notes, introduced in March 2025, automates the documentation process by capturing doctor-patient conversations and generating structured clinical notes in real-time [5] - The third product, AI Checker, deployed earlier this month, provides immediate feedback on the quality of doctors' consultations by evaluating notes against the QNOTE framework, a recognized medical standard [6] Company Overview - Mobile-health Network Solutions is a leading AI-powered digital health platform based in Singapore, with operations across Southeast Asia and plans for expansion into the US [9] - The company's mission is to make healthcare accessible, intelligent, and human through technology, providing telemedicine and AI-driven health tools [10]
Mobile-Health Network Solutions Aims to Raise $300 Million for Digital Health Platform
PYMNTS.com· 2025-07-17 14:31
Core Insights - Mobile-health Network Solutions (MNDR) launched an at-the-market (ATM) equity offering to raise up to $300 million to accelerate the growth of its AI-powered digital health platform [1][3] - The company aims to use the proceeds to develop large language models for diagnostics, expand AI-driven teleconsultation services in Asia, and build a pharmacy delivery infrastructure [3][4] Financial Performance - MNDR reported revenue of $4.3 million for the six-month period ended December 31, 2024, down from $6.6 million in the same period a year earlier [4][5] - The decline in revenue was attributed to the closure of a clinic in Singapore, which reduced telemedicine service usage, although sales of medicine and medical devices increased [5] Strategic Initiatives - In the first half of 2025, MNDR secured $10 million in funding for its AI Agent, launched AI Notes for transcribing doctor-patient conversations, acquired Indonesian pharmacy and telehealth platform Lifepack, and announced plans for a tele-dentistry service [6] - The company is optimistic about recovering and surpassing previous revenue levels, aiming for breakeven by the second half of FY2025 and profitability before the first half of FY2027 [7] Market Trends - Telehealth has become a standard delivery channel in the U.S., particularly among younger generations, with nearly 30% of Generation Z and millennials using telehealth for their most recent healthcare encounter [8]
Mobile-health Network Solutions Announces H1 FY2025 Results; Continues on Drive Towards Scale and Profitability
Newsfile· 2025-06-16 20:30
Core Viewpoint - Mobile-health Network Solutions (MNDR) is transitioning to a leaner, asset-light model focused on AI-driven virtual care, aiming for scalability and profitability despite short-term revenue declines due to the closure of its CityGate clinic in Singapore [2][3]. Financial Performance - For H1 FY2025, MNDR reported revenue of US$4.3 million, down from US$6.6 million in H1 FY2024, and a net loss of US$(1.7 million) compared to US$(1.5 million) in the same period last year [7]. - Cash and cash equivalents decreased to US$2.6 million from US$6.7 million in H1 FY2024 [7]. Strategic Initiatives - The closure of the CityGate clinic is seen as a pivotal moment in the company's transformation towards a globally scalable, AI-focused platform [3]. - In April 2025, MNDR acquired Lifepack, enhancing its telehealth and pharmacy services for Indonesia's 280 million people, many of whom are underserved [4]. - The company secured US$10 million in funding in January 2025 to advance its AI-driven healthcare solutions, including the AI Agent platform [5]. Operational Developments - MNDR has integrated AI agents into its MaNaDr app to reduce operational costs while improving care and service delivery [8]. - The launch of AI Notes in March 2025 automates clinical note-taking for doctors, enhancing efficiency [11]. - A tele-dentistry service was announced in May 2025, allowing patients to perform AI-enhanced dental scans at home [11]. Future Outlook - The company anticipates that recent initiatives will lead to higher revenue and aims to achieve breakeven by H2 FY2025 and profitability before H1 FY2027 [9].