Business
eWellness Signs LOI For Comprehensive PT Services with US Health Center and another US Healthcare Payer Group
eWellness Signs LOI For Comprehensive PT Services with US Health Center and another US Healthcare Payer Group.
About this update from Ewellness Healthcare Corp
[{"type":"text","content":"\n \n \n eWellness Signs LOI For Comprehensive PT Services with US Health Center and another US Healthcare Payer Group\n \n \neWellness Signs LOI For Comprehensive PT Services with US Health Center and another US Healthcare Payer Group\n \n 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.\n 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.\n 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. \n 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 improv...