Business
Stonegate Capital Partners Initiates Coverage on eWellness Healthcare Corporation (EWLL)
Stonegate Capital Partners Initiates Coverage on eWellness Healthcare Corporation (EWLL).
About this update from Ewellness Healthcare Corp
[{"type":"text","content":"DALLAS, TX / ACCESSWIRE / April 11, 2019 / eWellnesss Healthcare Corporation (OTCQB: EWLL): COMPANY DESCRIPTIONeWellnesss Healthcare Corporation has developed a telehealth solution for delivery of remotely monitored, real-time physical therapy (PT) programs to patients called Phzio. The Company's telemedicine platform has additional applications for ancillary paramedical services, potentially also addressing patients in need of pre-diabetic, cardiac, and other healthcare treatments or routine wellness programs. The Company contracts with third-party administrators (TPAs), insurers, employers, and healthcare providers, among others, throughout the US and Canada and is headquartered in Culver City, California. SUMMARY Revolutionizing PT Delivery - The Company's Phzio telerehab platform is poised to revolutionize the way patients engage in physical therapy; the Phzio telehealth solution enables patients to engage in a physical therapy regime while being monitored real-time by a licensed physical therapist in his/her state. The sessions are interactive, recorded and stored in the Cloud, HIPAA compliant, and scheduled at the patient's convenience.Advanced Functionality ofPhzio Platform - Version 3.0 of Phzio was recently released, with robust functionality and scalability to support anticipated growth. The technology has been developed and tested over years, and patents are pending. The Phzio telemedicine platform is the first of its kind, allowing a one-to-many view for physical therapists supervising patient PT, with patients being able to log on for sessions from the privacy of their homes or offices from any device with Internet access. eWellness has also developed the technology to tokenize the process for participants as sessions are completed.Initial Focus on PT for WorkersCompensation Market- Given the demand driven by workers compensation patients, the Company isfirst focusing its attention on this market; there are ~10,000 new workers compensationcases created every day, which equals ~ 2 – 7%of all workers in the US being affected by a work-related incident thatrequires care. eWellness is targetingthe 100+ carriers, 1000+ TPAs and over 1000 self-insured workers as part of itsplan for driving growth and establishing reimbursement qualifications acrossthe US. Beyond PT, the Phzio telehealth platform has numerous applications ...