−Removed: been no material changes in our risk factors from the risks previously reported in PART 1, ITEM 1A, “Risk Factors” of our
−Removed: Annual Report on Form 10-K for the year ended December 31, 2021.
−Removed: You should carefully consider the factors discussed in PART I, ITEM 1A,
−Removed: “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021, which could materially affect our business,
−Removed: financial condition or future results.
−Removed: The risks described in our Annual Report on Form 10-K are not the only risks we face.
−Removed: risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our
−Removed: business, financial condition and/or operating results.
−Removed: Unregistered Sales of Equity Securities
−Removed: and Use of Proceeds
−Removed: There were no sales of unregistered securities during the quarter ended
−Removed: March 31, 2022 that were not previously reported on a Current Report on Form 8-K
−Removed: Defaults upon Senior Securities
−Removed: Mine Safety Disclosure
+Added: The following
+Added: items update the risk factors previously reported in PART 1, ITEM 1A, “Risk Factors” of our Annual Report on Form 10-K
+Added: for the year ended December 31, 2021
+Added: Developments in the rapidly changing healthcare
+Added: industry could adversely affect our business.
+Added: our revenue is derived from pharmaceutical manufacturers and could be affected by changes affecting the broader healthcare industry, including
+Added: decreased spending in the industry overall.
+Added: General reductions in expenditures by healthcare industry participants could result from,
+Added: among other things:
+Added: General reductions in expenditures by healthcare
+Added: industry participants could result from, among other things:
+Added: – Government regulation or private initiatives that affect the manner in which healthcare industry participants
+Added: interact with consumers and the general public;
+Added: – Government regulation prohibiting the use of coupons by patients covered by federally funded health insurance
+Added: – Consolidation of healthcare industry participants;
+Added: – Reductions in governmental funding for healthcare;
+Added: – Adverse changes in general business or economic conditions affecting healthcare industry participants.
+Added: Even if general expenditures by industry participants
+Added: remain the same or increase, developments in the healthcare industry may result in reduced spending in some or all of the specific market
+Added: segments that we serve now or may serve in the future.
+Added: For example, use of our solutions and services could be affected
+Added: – A decrease in the number of new drugs or medical devices coming to market;
+Added: – A decrease in marketing expenditures by pharmaceutical or medical device
+Added: The healthcare industry has changed significantly in recent years,
+Added: and we expect that significant changes will continue to occur.
+Added: However, the timing and impact of developments in the healthcare industry
+Added: are difficult to predict.
+Added: We cannot assure you that the demand for our solutions and services will continue to exist at current levels
+Added: or that we will have adequate technical, financial and marketing resources to react to changes in the healthcare industry.
+Added: If we are unable to maintain our contracts
+Added: with electronic prescription platforms, our business will suffer.
+Added: We are reliant upon our contracts with leading
+Added: electronic prescribing (“ERx”) platforms and electronic health record (“EHR”) systems to generate our revenues
+Added: received from customers.
+Added: Such arrangements subject us to a number of risks, including the following:
+Added: – Our ERx and EHR partners may experience financial, regulatory or operational difficulties, which may impair
+Added: their ability to focus on and fulfill their contract obligations to us;
+Added: – Legal disputes or disagreements, including the ownership of intellectual property, may occur with one
+Added: or more of our ERx or EHR partners and may lead to lengthy and expensive litigation or arbitration;
+Added: – Significant changes in an ERx or EHR partner’s business strategy may adversely affect a partner’s
+Added: willingness or ability to satisfy obligations under any such arrangement;
+Added: – The failure of an ERx or EHR partner to provide accurate and complete financial information to us or to
+Added: maintain adequate and effective internal control over its financial reporting may negatively affect our ability to meet our financial
+Added: reporting obligations as required by the SEC;
+Added: – An ERx or EHR partner could terminate the partnership arrangement, which could negatively impact our ability
+Added: to sell our solutions and achieve revenues.
+Added: We will need to maintain these relationships as
+Added: well as diversify them.
+Added: The inability to do so could adversely impact our business.
+Added: We generated 53.9% and 52.7% of our revenue through
+Added: our largest partner in 2021 and 2020, respectively.
+Added: You should carefully consider the factors discussed
+Added: in PART I, ITEM 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021 and the above
+Added: risk factors, each of which could materially affect our business, financial condition or future results.
+Added: Such risks are not the only risks
+Added: Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely
+Added: affect our business, financial condition and/or operating results.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.