logo-loader
eWellness Healthcare Corp.

eWellness Healthcare reveals big US third-party insurance administrator referring worker compensation patients to the company

The company said that, Initially, its PHZIO telemedicine platform will be used to treat patients in 5 states: California, New Jersey, Georgia, Tennessee, Arizona

Telehealth
The physical therapy telehealth company announced on July 12 that it was targeting the $7 billion injury-prevention industry

eWellness Healthcare Corporation (OTCMKTS:EWLL) shares jumped higher on Friday after the firm revealed that one of the largest third-party insurance administrators in the US, with patients in all 50 states, has commenced referring worker compensation patients to the company.

In late morning OTC trading, eWellness shares were 7% higher at $0.0655. 

In a filing, the company said that, Initially, its PHZIO telemedicine platform will be used to treat patients in five states: California, New Jersey, Georgia, Tennessee and Arizona.

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

The physical therapy telehealth company announced on July 12 that it was targeting the $7 billion injury-prevention industry through sales and marketing.

In a statement then 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, it pointed out.

The California-based company, which has operations in the US and Canada, said the 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 platform lowers treatment costs, expands treatment access and improves patient compliance, offering insurance-reimbursable, real-time, distance-monitored treatments.

 -- Adds share price --

Contact the author at [email protected]

Quick facts: eWellness Healthcare Corp.

Price: $0.08

Market: OTCMKTS
Market Cap: $17.81 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of eWellness Healthcare Corp. named herein, including the promotion by the Company of eWellness Healthcare Corp. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

eWellness Healthcare carves a path to deliver 2019 goals

eWellness Healthcare Corp (OTCMKTS:EWLL) CFO David Markowski tells Proactive Investors the digital telehealth company is making progress with its debt-consolidation strategy, contracts from third-party administrators. Markowski says he expects increased customers activity and revenue in...

on 03/28/2019

2 min read