eWellness Signs LOI For Comprehensive PT Services with US Health
Center and another US Healthcare Payer Group
CULVER CITY, CA-(Marketwired - Jul 21, 2017) - eWellness
Healthcare Corporation - (OTCQB: EWLL) - a provider of the state of
the art PHZIO Platform for the physical therapy and telehealth
markets, announced today that it has signed a Letter of Intent
Agreement between US Health Center, Inc. ("USHC") and an
undisclosed US healthcare provider. Between both USHC and the
undisclosed US healthcare payer group they anticipate having
approximately 100,000 healthcare insured customers by the end of
2017. The Parties to this LOI have agreed to use their best efforts
to conclude Definitive Agreements between the Parties over the next
90 days. According to eWellness, these new agreements (if executed)
are anticipated to generate initially up to $4.2 million in annual
reoccurring gross revenue for the Company. This level of sales is
anticipated to allow the Company to gain cash flow positive
operations during the latter part of 2017.
The undisclosed US healthcare payor group is expected to grow
rapidly in the small group health insurance market which has annual
premiums of over $384 billion per year. Approximately 84% of this
market is traditional full insurance. This company is expected to
grow rapidly by offering these small employers the ability to self
insure through excellent plan design and reinsurance. We are
excited to be chosen as their physical therapy gatekeeper as well
as wellness program supplier.
EWLL's comprehensive PT & wellness programs and consulting
services are anticipated to provide USHC and the undisclosed US
healthcare payer group with new products that will: (1) build new
sales channels that increase their current health insurance
business, and (2) create new revenue sources through the
introduction of such products.
Concierge PT Medical Services: EWLL will be provisioning to both
USHC and the undisclosed US healthcare payer group's insureds a new
and highly unique patient treatment protocol, that includes "white
glove" concierge in-home or in-office physical therapy assessments
and digital care treatments in order to enhance the medical
treatment and help improve patient treatment outcomes. EWLL will
become the exclusive provider of "white glove" concierge in-home or
in-office physical therapy assessments, digital physical therapy
and a wellness program to the individuals covered by both USHC and
the undisclosed US healthcare provider. EWLL shall be selected to
be the gatekeeper for all USHC and the undisclosed US healthcare
provider physical therapy treatments. As the PT treatment
gatekeeper, EWLL will conduct an online consultation with each
patient to assess the complexity involved with the patient
presentation. From the online consultation, an in-home or in-office
evaluation of the patient may be prescribed. Through this initial
evaluation, a plan of care will be designed for each patient that
in most cases is anticipated to include digital therapy
sessions.
PreHabPT: All individuals covered by both USHC and the
undisclosed US payer group, that are seeking (non-emergency)
orthopedic surgery shall first receive a concierge online
consultation, in-home or in-office physical therapy evaluation and
will be prescribed a 4-8 week prehabpt.com exercise program prior
to any surgery. Another in-home or in-office physical therapy
evaluation will be made following surgery and a treatment plan will
be initiated. PreHabPT is up to an 8-week physician to patient
pre-surgical (Prehab) digital therapeutic exercise treatment system
for patients that anticipate having total joint replacement (knee,
hip and or shoulder) or back surgeries. Patients may complete these
digital therapeutic exercises either monitored or unmonitored.
PurePT: PurePT is a patient & independent PT digital
treatment platform for connecting new patients to PT's that are
seeking to be treated with our PHZIO treatment system. Patient
program assessments can be made in the privacy of a patient home or
office. PurePT connects new patients to PT's that are seeking to be
treated, particularly in states that have direct access rules where
patient's insurance will reimburse for treatment without requiring
a physician's prescription. PurePT puts the patient first!
PHZIO Comprehensive Wellness Program: Any both USHC and the
undisclosed US healthcare payer group's insureds may after an
in-home or in-office physical therapy assessment, enroll in a
6-month comprehensive wellness program. The top line wellness goals
of our PHZIO wellness exercise program is to graduate at least 60%
of inducted patients through our 6-month program. Patients should
expect to experience an average of a 20% reduction in BMI, a 2-inch
reduction in waist size, weight loss of at least 10 pounds,
significant overall improvement in balance, coordination,
flexibility, strength, and lumbopelvic stability. Patients also
should score better on Functional Outcomes Scales (Oswestry and
LEFS), which indicates improved functional activity levels due to
reduced low back, knee and hip pain.
About US Health Center (USHC): Two years ago, USHC's
PredictiMed™ Predictive Modeling Analytics and Engagement Engine
was validated by the Intel-GE Care Innovations™ Validation
Institute. This third-party stamp of approval recognized years of
research and applied population health management work by USHC's
clinical and behavioral scientists, led by their founders, Dr.
Raymond Gavery, MD, and Gavin Quinnies.
By studying over 15,000 cases that were USHC members under
management for over five years, the Institute had the opportunity
to validate PredictiMed's™ ability to identify and lower the
pre-disease high-risk level which precipitates a higher use of ER
and hospital services, in thirteen major disease categories to a
lower level. When preemptive intervention is applied through USHC's
engagement models, reductions in the incidence of ER visits and
hospitalizations can be between 80 and 93%, depending on the
disease category.
For over 10 years, USHC has managed millions of lives, helping
to save lives, reduce risk, improve quality of life, and reduce
costs for thousands of clients. We average over 70% engagement,
reduce risk burden by an average of nearly $8,000 per case, and
increase productivity an average of 10% by reducing absenteeism and
presentism. Over 92% of our Wholeistic™ Coaching participants would
recommend our program to a friend. We help organizations and
individuals find their way to their why.
The Intel/GE Validation Institute uses an unbiased, third-party
evaluation to ensure its assessment methodology is sound, which is
critical in building population health programs that will help
those who are sick better manage their health and prevent those who
are at risk from developing costly chronic conditions.
The CI Validation Institute's goal is to help organizations
involved in population health - from Health Plans to Employers to
Vendors - adhere to the highest standards of validity, allowing
them to compete based on integrity and performance rather than
hyperbole.
Read our whole story at www.predictimed.com
About PredictiMed™ PredictiMed™ is a Software as a Service
(SaaS) based personalized, predictive medicine analytics and
population health management business, based in Milwaukee, WI. The
Company's history and on-going mission is the improvement of health
outcomes and the reduction of direct and indirect health costs. The
Company's portfolio of proprietary data analytic tools, products
and services are marketed under the brand name of
"PredictiMed".
The Company has developed its proprietary predictive software
platform integrating big data and cloud computing into a (SaaS)
model to assist employers, consumers, health plans, providers and
insurers in the identification and management of pre-disease,
disease and end-stage disease states and associated medical costs
across the entire continuum of care. The Company's business
intelligence solution utilizes integrated data to identify health
risks, treatment gaps and inefficiencies, and applies practical,
clinically validated solutions to the medical management process in
order to improve quality and lower costs.
About eWellness eWellness Healthcare Corporation (OTCQB: EWLL)
is the first physical therapy telehealth company to offer insurance
reimbursable real-time distance monitored treatments. Our business
model is to license our PHZIO ("PHZIO") platform to any physical
therapy ("PT") clinic in the U.S. and or have large-scale employers
use our PHZIO platform as a fully PT monitored corporate wellness
program. The Company's PHZIO home physical therapy exercise
platform has been designed to disrupt the $30 billion physical
therapy and the $8 billion corporate wellness industries. PHZIO
re-defines the way physical therapy can be delivered. PHZIO is the
first real-time remote monitored 1-to-many physical therapy
platform for home use. Due to the real-time patient monitoring
feature, the PHZIO platform is insurance reimbursable.
The PHZIO Solution: A New Physical Therapy Delivery System
- SaaS technology platform solution for providers bundling
rehabilitation services and employer wellness programs;
- First real-time remote monitored 1-to-many physical therapy
treatment platform for home use;
- Ability for physical therapists to observe multiple patients
simultaneously in real-time;
- Solves what has been a structural problem and limitation in
post-acute care practice growth; and
- Allows PT practices to generate increased revenues due to
higher adherence and compliance rates.
For more information on eWellness go to:
http://www.ewellnesshealth.com/ http://phzio.com/
http://prehabpt.com/
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements (within the meaning of Section 27a of the Securities Act
of 1933 and Section 21e of the Securities Exchange Act of 1934)
regarding us and our business, financial condition, results of
operations and prospects. Forward-looking statements in this press
release reflect the good faith judgment of our management and are
based on facts and factors currently known to us. Forward-looking
statements are subject to risks and uncertainties, and actual
results and outcomes may differ materially from the results and
outcomes discussed in the forward-looking statements as a result of
either the matters set forth or incorporated in this press release
generally or certain economic and business factors, some of which
may be unknown to and/or beyond the control of the Company.
Specifically, we are exposed to various risks related to our need
for additional financing to support our technology development, the
sale of a significant number of our shares of common stock could
depress the price of our common stock, acquiring or investing in
new businesses and ongoing operations, we may incur losses in the
future and the market price of our common stock may be volatile.
Readers are urged not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. We do not undertake, and we expressly disclaim, any
obligation to revise or update any forward-looking statements in
order to reflect any event or circumstance that may arise after the
date of the press release.
For additional information on eWellness Healthcare Corporation
and its PHZIO telemedicine products please contact Mr. Darwin Fogt,
CEO: 1-855-470-1700
Contact: Darwin Fogt CEO 1-855-470-1700
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