Proactive Investors - Run By Investors For Investors

eWellness Healthcare targeting $7 billion injury-prevention industry via sales, marketing

From 2013 to 2018, Occupational Health and Workplace Safety Services industry revenue increased at an annualized rate of 2.3%
health
The California-based company, which has operations in the US and Canada, offers the PHZIO telemedicine platform

eWellness Healthcare Corporation (OTCQB:EWLL), the physical therapy telehealth company, announced Friday that it is targeting the $7 billion injury-prevention industry through sales and marketing.

The company noted that, according to business-information provider IBISWorld, the Occupational Health and Workplace Safety Services industry in the US provides advice and assistance in the form of worksite evaluations, compliance audits, hazard assessments, facility-design reviews, indoor air-quality evaluations and training programs.

From 2013 and 2018, industry revenue increased at an annualized rate of 2.3% to $7.1 billion.

Following Friday’s announcement, the company’s stock jumped 31% to $0.07 on the OTC Markets.

READ: eWellness Healthcare doubles down on $4 billion North American musculoskeletal treatment market

The Culver City, California-based company, which has operations in the US and Canada, offers the PHZIO telemedicine platform.

eWellness says its PHZIO platform allows patients and physical therapists to “cut the cord from the old-school, wait in line, brick and mortar clinical experience” to an “immediate response,” digital in-home physical therapy experience.

The company offers insurance-reimbursable, real-time, distance-monitored treatments.

The company’s PHZIO platform lowers treatment costs, expands treatment access and improves patient compliance.

eWellness says that at least 80% of all physical therapy assessments and treatments can now be done via a patient’s smartphone.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

View full EWLL profile View Profile

eWellness Healthcare Corp. Timeline

Related Articles

healthy gut
Mon
Here we take a look at AIM-listed life sciences group, OptiBiotix Health
man pointing to brain
April 25 2019
Brain Scientific’s EEG technology is far cheaper and less bulky than a traditional EEG system, but provides EEG tracings of the same quality
test tubes
May 07 2019
Here we take a closer look at Arix Biosciences PLC (LON:ARIX), a listed venture capital company that doesn’t appear to be receiving the recognition it deserves
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use