Theranos to Launch Online Resource Connecting Patients to Doctors

Emphasizes importance of making informed health choices with a primary care physician

PHOENIX--()--Theranos, Inc. (Theranos) today unveiled a new online resource, Theranos MD Connect connecting patients directly to primary care physicians, the first line of defense for prevention and treatment. The service – which can be accessed via Theranos.com – goes live on July 3 and is part of Theranos’ overall health and wellness model aimed at preventive care, emphasizing a system where individuals can access the information they need to make informed decisions about their health in conjunction with their primary care physician.

“Theranos works hard to assure the services they are providing are the highest quality at the lowest price. Everyone has been committed to making the process easily accessible and affordable”

“With this new service, we are taking one more step to redefine lab experiences. Not only can people better access the information they need to engage with their health, but now also connect right away with a primary care physician once they receive their results,” said Elizabeth Holmes, Theranos’ Founder and CEO, “The Theranos model is physician-centric. Our goal in providing more accessible, less expensive, and less painful diagnostic tests is to enable individuals and physicians to better engage early when interventions can be most effective.”

Theranos is committed to providing this service connecting patients to primary care physicians anywhere that Theranos lab testing services are available. Over the coming months, additional features will be introduced and specialists and physicians across all backgrounds will be added to the service. Currently, doctors listed on Theranos MD Connect are primary care physicians licensed with the state of Arizona, given the concentration of Theranos Wellness Centers in the state. The service is provided for free online – any individual can access contact information for a primary care physician regardless of whether they have received a Theranos lab test.

In addition to joining ranks of their colleagues on the new Theranos MD Connect, physicians in Arizona have embraced the Theranos model for their patients, citing the innovation, quality, convenience, affordability, and increased patient compliance associated with the lab testing services.

“Theranos is changing the marketplace by offering revolutionary technology and services that make lab drawing less painful and more convenient for patients. Their low cost pricing structure has the potential to reform the lab industry by bringing the cost of having lab work done in line with the value it produces. Patients will no longer be shocked by ridiculous cash-pay fees that the lab industry has enjoyed for the past 20 plus years," said Dr. Curtis Page, who practices family medicine in Tempe and is CEO of Commonwealth Primary Care ACO.

Other physicians emphasize the quality of Theranos’ lab testing services, “Theranos works hard to assure the services they are providing are the highest quality at the lowest price. Everyone has been committed to making the process easily accessible and affordable,” said Dr. Rakesh Patel, a physician practicing family medicine in Gilbert.

“Theranos can get labs drawn quickly while minimizing pain with the use of the finger stick method, often times avoiding a complete blood draw which is typically the only available option at competing labs. What’s also important to consider is that when we order tests on a patient, it's up to insurance companies whether the test will be paid for or not. If insurance doesn't cover the test, which happens more than you’d expect, the Theranos prices are so small compared to traditional labs. For instance a Prostate-Specific Antigen test used to cost close to $70, now my patients get it for $12. The bottom line is that this is saving health care dollars in general, which is a huge win for everyone involved,” said Dr. James Corcoran, whose practice is located in Phoenix.

Theranos lab testing services are available in Theranos Wellness Centers in Arizona and Palo Alto, California. The company provides accurate and convenient testing services with transparent prices that are 50-80% below Medicare reimbursement rates. Theranos MD Connect is open to licensed physicians who wish to be included. To list a physician name and contact information please contact mdconnect@theranos.com.

About Theranos:

Headquartered in Palo Alto, Theranos, Inc. is a consumer health care technology company. Theranos’ clinical laboratory offers comprehensive laboratory tests from samples as small as a few drops of blood at unprecedented low prices. Founded in 2003 by Elizabeth Holmes, Theranos’ mission is to make actionable health information accessible to people everywhere in the world at the time it matters, enabling early detection and intervention of disease, and empowering individuals with information to live the lives they want to live. Visit us at theranos.com. Follow us at @theranos.

Contacts

Theranos, Inc.
Lauren Vroom, 650-470-6153
pr@theranos.com