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Telehealth Company Reports Major 120% Revenue Growth

Mobile-health Network Solutions Reports 120% Revenue Growth in First Half of Fiscal 2024.
Mobile-health Network Solutions (Nasdaq: MNDR), known as MaNaDr, has announced a remarkable increase in revenue for the first half of fiscal 2024 (H1FY24). This leading Asia-Pacific telehealth provider reported revenues of approximately $6.6 million for the six months ending on December 31, 2023, marking a 120% growth compared to $3.0 million during the same period in fiscal 2023 (H1FY23). One of the primary drivers of this substantial revenue growth is the significant increase in telemedicine consultations conducted through the MaNaDr platform. In H1FY24, the number of consultations surged by approximately 101%, reaching 731,000 compared to 363,000 during H1FY23. This growth indicates both higher adoption rates and an expanding market share. The implementation of a dynamic pricing model also contributed to this impressive revenue increase. By adjusting the average consultation fees, MaNaDr was able to enhance its revenue by approximately 120% between H1FY23 and H1FY24. This pricing strategy ensured that the company maximized profitability while maintaining affordability for patients. To further support their growth, MaNaDr introduced several enhancements to their native application, improving workflow efficiency for medical professionals using the platform. These enhancements allowed healthcare providers to focus more on core clinical tasks, thereby increasing the overall quality of care and streamlining operations. $Mobile-health Network Solutions(MNDR.US)$
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