eWellness Healthcare Corporation (OTCQB:EWLL) is bringing new treatment options to patients in need of physical therapy in Texas.
The Texas Board of Physical Therapy Examiners has included telehealth as a treatment option to patients physically located in the state.
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Its Phzio platform offers insurance reimbursable telehealth physical therapy that can be accessed via a smartphone.
Patients can start a video call to receive a diagnosis and a treatment plan.
"We have created a strong path to lowering the spending on physical therapy claims through the utilization of our PHZIO digital PT treatment platform and are happy to be in a position to share our revolutionary cost savings technology with patients in the great state of Texas,” said CEO Darwin Fogt in the company’s press release.
Fogt is hopeful that use of the platform will lower patient treatment costs, expand access to treatment and improve patient compliance.
The company values the physical therapy market at $30 billion.
Shares of the California-based company were up 7% to $0.20 in Tuesday trading.
Contact Lenore Fedow at [email protected]