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eWellness Signs 5-Year Comprehensive PT Services Agreement with Endeavor Plus Services, Inc. an Uber Fast Growing Healthcare Plan Administrator
eWellness Signs 5-Year Comprehensive PT Services Agreement with Endeavor Plus Services, Inc. an Uber Fast Growing Healthcare Plan Administrator.
About this update from Ewellness Healthcare Corp
[{"type":"text","content":"\n\n Culver City, CA,, Oct. 19, 2017 (GLOBE NEWSWIRE) -- 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 Signs 5-Year Comprehensive Physical Therapy Services Agreement with Endeavor Plus Services, Inc. (“EPS”), an fast growing healthcare plan administrator. EPS projects having approximately 100,000 healthcare members by the beginning of 2018. According to eWellness, this new agreement is 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 early part of 2018. Additionally, if EPS is able to continue on their projected growth rate over the next 12-18 months that could generate at least 500,000 new members, which in turn could generate at least $100 million in reoccurring gross annual revenue to eWellness. \n eWellness and EPS intend to immediately commence system, sales and marketing integration, in order to position eWellness to begin onboarding and treating EPS members by January 1, 2018. EPS is a third-party administrator (TPA), which is an organization that processes insurance claims or certain aspects of employee benefit plans for small and medium sized companies. EPS is projecting 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. EPS is expected to grow rapidly by offering these small employers the ability to self insure through excellent plan design and reinsurance. EWLL is 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 EPS 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 EPS insureds a new and highly unique patient treatment protocol, that includes “white glove” concierge in-home or in-office physical therapy...