СÖíÊÓƵapp Health's BioReference Laboratories Introduces Scarlet Healthâ„¢, an In-Home Diagnostic Service to Expand Digital Health Access

Scarlet brings diagnostic service to patients' homes, offices and other preferred locations, delivering an on-demand, safe and convenient diagnostic experience for patients and healthcare providers

ELMWOOD PARK, N.J., Jan. 13, 2021 /PRNewswire/ --ÌýBioReferenceÌýLaboratories,ÌýInc.,Ìýan СÖíÊÓƵapp Health company (NASDAQ:OPK), today introducedÌýâ„¢,ÌýanÌýin-home,Ìýfully integrated digitalÌýplatformÌýprovidingÌýaccess toÌýon-demand diagnostic services. Scarlet has been designed similarly toÌýtools consumers use daily, in orderÌýtoÌýprovide ease-of-use and ubiquitous conveniences.Ìý

BioReference introduced Scarlet, an in-home, fully integrated digital platform providing access to diagnostic services.

Backed byÌýBioReference'sÌýnational presence and infrastructure, with laboratory facilitiesÌýand professionals across the country,ÌýScarletÌýdeliversÌýan innovative, flexible,ÌýmobileÌýalternative toÌýtraditional patient service centersÌýorÌýotherÌýdrawÌýlocationsÌýwhen phlebotomyÌýandÌýother specimen collectionÌýservices areÌýneeded.Ìý

Patients will no longer need toÌýtravel for laboratory services. Healthcare providersÌýwillÌýsecureÌývital diagnostic information aboutÌýpatientsÌýreliably,Ìýquickly and easilyÌýtoÌýenable aÌýfaster diagnosis.ÌýÌý

ToÌýuseÌýScarlet'sÌýconvenient, secureÌýand safe approach toÌýmobileÌýspecimen collection services, patients willÌýobtainÌýa linkÌýafterÌývisitingÌýor connecting virtually withÌýtheirÌýhealthcare provider.ÌýAfter confirming the services needed, a patient willÌýverifyÌýtheir identityÌýand schedule a date and time, and choose their preferredÌýlocationÌý(i.e.,Ìýat their office or home)ÌýforÌýaÌýqualified healthcare professional to collectÌýtheirÌýtestÌýspecimen.ÌýPatients will thenÌýreceiveÌýreal-time updatesÌýand relevant information, such as learningÌýhow to prepare forÌýthe visit or track the healthcare professional's arrival. Specimens will be sent toÌýBioReferenceÌýfor testing,ÌýandÌýtheÌýresultsÌýwill beÌýsecurelyÌýsharedÌýonlineÌýwith the patient andÌýtheirÌýordering healthcare provider.ÌýÌý

"Scarlet reimagines the delivery of health care, creating an accessible, consumer-centric approach to the way patients receive laboratory services," saidÌýRichard Schwabacher, Senior Vice President ofÌýDigital Health and Chief Digital OfficerÌýforÌýBioReferenceÌýLaboratories.Ìý"Scarlet is theÌýfirst of many digital health advances atÌýBioReferenceÌýthat aim to increase flexibility and convenience for patients. We're proud to bring this kind of innovation and technology to patients and are looking forward to expanding access toÌýcritical health care needs withÌýScarlet."ÌýÌý

Investment in telemedicine has more than doubled in the last yearÌýto $1.6 billion, a dramatic acceleration attributableÌýto the COVID-19 pandemicÌýand theÌýgrowing demand for the tools and flexibility that digital health offers.1ÌýScarletÌýprovides a much-needed service that is efficient, secure, convenient, flexible, digitally enabled and easy to use,ÌýprovidingÌýaccess to a variety of tests, from COVID-19 to chronic conditions,Ìýand more.ÌýÌý

"The future of health care is at home. We'reÌýhelping to makeÌýin-home health care real forÌýmillions of AmericansÌýby bringing diagnosticÌýservicesÌýdirectly to the patient," said Jon R. Cohen, M.D., Executive Chairman ofÌýBioReferenceÌýLaboratories. "AccordingÌýtoÌýPwC Health Research Institute Health'sÌý2020Ìýexecutive survey, 40% of healthcare providers cited laboratoryÌýchallengesÌýas a concern withÌýgrowing telehealth programs.ÌýBy adding just a fewÌýkey strokes to what healthcare providers are already doing, ScarletÌýimproves and encouragesÌýpatient-centered health care, utilizingÌýa similarÌýon-demandÌýformat that patients use every day from the comfort ofÌýtheir homes. With Scarlet,ÌýBioReferenceÌýremovesÌýaÌýdisconnect betweenÌýtelemedicine and traditional health care,Ìýand revolutionizesÌýhow healthcare isÌýprovided."Ìý

ScarletÌýservicesÌýare currently available inÌýselect markets.ÌýFor more information onÌýScarlet, visitÌý.ÌýÌýÌýÌý

AboutÌýBioReferenceÌýLaboratories, Inc.Ìý
BioReferenceÌýprovides comprehensive testing to physicians, clinics, hospitals, employers, government units, correctional institutions, and medical groups.ÌýBioReferenceÌýoffers test services that yield high-quality and accurate results, including a molecular test for helping with COVID-19 diagnosis and a serology test to help indicate possible COVID-19 exposure. The company is in network with the five largest health plans in the United States, operates a network of 11 laboratory locations, and is backed by a medical staff of more than 120 M.D., Ph.D. and other professional level clinicians and scientists. With a leading position in the areas of genetics, women's health, maternal fetal medicine, oncology, and urology,ÌýBioReferenceÌýand its specialty laboratories, GenPath and GeneDx, are advancing the course of modern medicine. For more information, visit .Ìý

About СÖíÊÓƵapp HealthÌýÌý
СÖíÊÓƵapp is a multinational biopharmaceutical and diagnostics company that seeks to establish industry-leading positions in large, rapidly growing markets by leveraging its discovery, development, and commercialization expertise and novel and proprietary technologies. For more information, visitÌý.Ìý

Cautionary Statement Regarding Forward-Looking StatementsÌý
This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning,ÌýparticularlyÌýstatements regarding BioReference's Scarlet Health mobile service,Ìýthe availability ofÌýand demand for the service,Ìýwhether the service and the integrated platform will function or perform as designed,Ìýthe role and value of theÌýservice to patients andÌýhealthcare providers and whether the demand for at home health care will continue or increase as anticipated, as well as other non-historical statements about our expectations, beliefs or intentions regarding our business, technologies and products, financial condition, strategies or prospects. Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in the СÖíÊÓƵapp Health, Inc. Annual Reports on Form 10-K filed and to be filed with the Securities and Exchange Commission and in its other filings with the Securities and Exchange Commission. In addition, forward-looking statements may also be adversely affected by general market factors, competitive product development, product availability, federal and state regulations and legislation, the regulatory process for new products, among other factors. The forward-looking statements contained in this press release speak only as of the date the statements were made, and we do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.Ìý

References:Ìý
ÌýÌýÌýÌýÌý1.ÌýÌýÌý PwC Health Research Institute Health's 2020 executive surveyÌý

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