OneMedNet surges on network and platform expansion

LB Select
2024.05.24 05:36
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Shares of OneMedNet (NASDAQ:ONMD) climbed more than 100% on Thursday after the medical-data management company announced a more than five-fold increase in the size of its iRWD network and platform thanks to new partnerships.The company attributed the expansion to new network partnerships, including one with an undisclosed nationwide medical records custodian.

Shares of OneMedNet (NASDAQ:ONMD) climbed more than 100% on Thursday after the medical-data management company announced a more than five-fold increase in the size of its iRWD network and platform thanks to new partnerships.

The company attributed the expansion to new network partnerships, including one with an undisclosed nationwide medical records custodian.

OneMedNet’s (ONMD) iRWD network offers regulatory-grade real-world data representing over 1,400 healthcare system and provider sites, 31M patients, and 121.4M clinical exams. Those sources grew 472%, 170% and 122%, respectively, since the end of 2023, the company said.

“As demonstrated by this significant expansion of our network, we continue to successfully execute against the key pillars of our growth strategy,” CEO Aaron Green remarked, adding, “Our vision is to harness the full potential of RWD to drive innovation in healthcare.”

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