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.
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