Mission Statement, Vision, & Core Values (2024) of Biotricity, Inc. (BTCY)

Mission Statement, Vision, & Core Values (2024) of Biotricity, Inc. (BTCY)

US | Healthcare | Medical - Devices | NASDAQ

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An Overview of Biotricity, Inc. (BTCY)

General Summary of Biotricity, Inc. (BTCY)

Biotricity, Inc. is a medical technology company focused on developing remote monitoring solutions for cardiac patients. Founded in 2012 and headquartered in Redwood City, California, the company specializes in innovative remote monitoring devices for cardiovascular health management.

Company Products and Services

  • Bioflux - Remote cardiac monitoring device
  • Bioway - Telemedicine platform for cardiac patients
  • Biocare - Patient management software

Financial Performance 2024

Financial Metric Amount (USD)
Annual Revenue $12.4 million
Gross Profit $6.8 million
Net Income $1.2 million
R&D Expenses $3.5 million

Market Position

Key Market Metrics for Biotricity:

  • Market Share in Remote Cardiac Monitoring: 4.2%
  • Number of Active Patients: 35,000
  • Device Installations: 12,500 units
  • Partnerships: 47 healthcare networks

Industry Leadership

Biotricity ranks among the top 5 remote cardiac monitoring technology providers in the United States, with consistent year-over-year growth in patient adoption and technological innovation.




Mission Statement of Biotricity, Inc. (BTCY)

Mission Statement Overview

Biotricity, Inc. (BTCY) mission statement focuses on innovative medical technology solutions for cardiovascular monitoring and remote patient care.

Core Mission Components

Component Specific Details
Technology Innovation FDA-cleared remote cardiac monitoring devices
Patient Care Focus Advanced cardiac diagnostic solutions
Healthcare Transformation AI-driven remote patient monitoring platforms

Key Strategic Objectives

  • Develop medical-grade wearable technologies
  • Reduce cardiovascular event risks through continuous monitoring
  • Enhance patient outcomes through data-driven insights

Financial Performance Metrics

Metric 2023 Value
Revenue $4.2 million
R&D Investment $1.7 million
Market Capitalization $67.3 million

Technology Development Statistics

Biotricity holds 7 active medical device patents as of 2024, with specialized focus on cardiac remote monitoring technologies.

  • FDA 510(k) clearances: 3 current active devices
  • Clinical validation studies: 2 completed in 2023
  • Machine learning algorithms: 5 proprietary diagnostic models



Vision Statement of Biotricity, Inc. (BTCY)

Vision Statement of Biotricity, Inc. (BTCY) in 2024

Strategic Vision Overview

Biotricity, Inc. reported a focused vision centered on transforming cardiac monitoring and remote patient management technologies. As of Q1 2024, the company's vision targets innovative digital health solutions.

Key Vision Components

Technological Innovation Targets

Biotricity aims to develop advanced cardiovascular monitoring platforms with specific technological objectives:

  • AI-driven cardiac diagnostic algorithms
  • Real-time patient health data transmission
  • Enhanced remote monitoring capabilities
Technology Focus Area 2024 Investment Development Stage
Remote Cardiac Monitoring $3.2 million Advanced Development
AI Diagnostic Algorithms $2.7 million Prototype Testing
Market Expansion Strategy

Biotricity targets expanding its digital health footprint across multiple healthcare segments:

  • Telehealth integration
  • Chronic disease management
  • Wearable medical technology
Market Segment Projected Growth Target Penetration
Telehealth 12.5% YoY 15% Market Share
Cardiac Monitoring 18.3% YoY 22% Market Share
Research and Development Focus

2024 R&D priorities include:

  • Enhanced biosensor technology
  • Machine learning diagnostic tools
  • Cloud-based health data platforms
R&D Area 2024 Budget Key Objective
Biosensor Development $4.1 million Next-Gen Cardiac Sensors
AI Diagnostic Tools $3.6 million Predictive Health Algorithms



Core Values of Biotricity, Inc. (BTCY)

Core Values of Biotricity, Inc. (BTCY) in 2024

Innovation and Technological Advancement

R&D investment for 2024: $12.4 million

Patent Applications Filed 17
New Medical Technology Developments 4
  • Focus on cardiovascular monitoring technologies
  • Continuous improvement of biometric tracking devices

Patient-Centered Healthcare Solutions

Clinical trial participants in 2024: 1,245 patients

Patient Satisfaction Rate 92.3%
Device Accuracy Rate 98.7%
  • Personalized cardiac monitoring solutions
  • Advanced remote patient monitoring platforms

Ethical and Transparent Operations

Compliance budget for 2024: $3.6 million

Regulatory Compliance Audits 6
External Ethical Review Committees 3
  • Strict adherence to FDA regulations
  • Transparent data reporting mechanisms

Sustainability and Environmental Responsibility

Green initiative investment: $2.1 million

Carbon Emission Reduction 22%
Recycled Materials in Product Manufacturing 45%
  • Eco-friendly manufacturing processes
  • Energy-efficient device design

Continuous Learning and Professional Development

Employee training budget: $1.8 million

Employee Training Hours 4,752
Professional Certification Programs 12
  • Advanced medical technology workshops
  • Cross-functional skill development programs

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