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KITS Eyecare Platform Wins Deal to Provide Exclusive Vision Benefits Integration to Green Shield Canada's 4.5 Million Members
Tuesday, August 23, 2022Company Profile | Follow Company
A first-in-Canada user experience - KITS is partnering with Green Shield Canada to help their millions of plan members maximize benefits coverage with an exclusive integrated and seamless customer experience.
Vancouver, BC, August 23, 2022--(T-Net)--KITS Eyecare Ltd. (TSX: KITS), developers of a rapidly growing, vertically integrated eyecare platform, today announced that it has launched a partnership together with Green Shield Canada (GSC), one of the country's largest health benefits carriers and a leader in healthcare innovation.
KITS will provide GSC's over 4.5 million members with access to an exclusive platform allowing them to link their GSC account and directly order prescription glasses or contacts using their benefits. They will also receive additional partner discounts on their orders, further expanding member benefits and reducing out-of-pocket expenses.
KITS offers immediate access to high quality eyecare, maintaining one of the largest inventories of contact lenses and eyeglasses with over 800 styles and over 350,000 frames in stock, including KITS' own brand as well as top brands including Tom Ford, Gucci, Prada and Ray-Ban.
All prescription eyeglasses are produced at KITS' state-of-the-art optical lab in Vancouver, B.C., allowing KITS to manufacture and ship throughout Canada, often in as little as one business day.
Recently, KITS announced record breaking numbers, more than doubling year-over-year manufacturing, while also delivering 30% of revenue from repeat customers with NPS scores of 80+.
KITS offers eyecare products on KITS.ca and KITS.com, and also through their Fulfillment by KITS (FBK) platform that connects health care companies, retailers, and corporations to the KITS infrastructure of product, manufacturing and fulfillment.
Roger Hardy, CEO, Kits Eyecare
Roger Hardy, CEO of KITS, commented on the partnership, "We are extremely excited to offer this level of integration to GSC's millions of members. Canadians have high expectations when it comes to healthcare, and eyecare is no exception. We've built a first of its kind integrated experience here that marries the KITS standard for quality, selection and value in optical, with GSC's commitment to innovation, affording members more access and maximum value out of their insurance benefits. It sets a new bar within the category."
Luke Vigeant, SVP of Product at GSC, adds, "We take great pride in being a digital health leader - and this partnership with KITS is an exciting addition to our growing ecosystem. Vision care ties into GSC's commitment to better health for all and we are thrilled to see this depth of integration and partnership with KITS come to life, bringing our members a unique user experience and meaningful out-of-pocket savings."
Forward-Looking Statements This press release contains forward-looking statements, including statements relating to the execution of our proposed strategy, our operating performance and prospects on the business. These forward-looking statements generally can be identified by the use of words such as "intend," "believe," "could," "continue," "expect," "estimate," "forecast," "may," "potential," "project," "plan," "would," "will," and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. [ MORE ] |
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