Culver City, CA, April 06, 2018 (GLOBE NEWSWIRE) --
eWellness Healthcare Corporation – (OTCQB: EWLL) – a provider of the state of the art PHZIO platform for the physical therapy (PT) and telehealth markets, announced the advancement of its sales and marketing efforts to various federal government agencies, EWLL has now registered as a qualified US Federal Contractor under the US Federal Contractor Registration Program (USFCR).
https://uscontractorregistration.com/about-sam/.
EWLL’s initial focus is to market its PHZIO treatment platform for physical therapy and corporate wellness to the Veterans Administration (VA). According to the Veterans Health Administration (VHA), they spend approximately $61 billion per year on overall patient care and is America’s largest integrated health care system, providing care at 1,240 healthcare facilities, including 170 medical centers and 1,061 outpatient sites of care of varying complexity (VHA outpatient clinics), serving 9 million enrolled Veterans each year.
According to the VA’s Office of Rehabilitation Services, in FY2016, physical therapists treated over 720,668 unique patients within the VA, accounting for approximately 3.2 million total encounters. The VA is one of the single largest employers of physical therapists, employing more than 2,224 PT’s and an additional 503 PTA’s. Based upon the number of encounters and an average national reimbursement rate of $100.00 per patient encounter, suggests that the VA is spending approximately $320 million per year on PT services.
“We are truly excited to introduce our PHZIO treatment platform that could offer up to a 50% savings ($160 million annually) on physical therapy costs to the VA. We also plan to introduce PHZIO to other government departments including the Department of Defense (DoD). We anticipate participating in existing PT services Requests for Proposals (RFP’s), along with a direct dialog for the provisioning of customized service plans,” said Darwin Fogt, CEO of EWLL.
About eWellness
eWellness Healthcare Corporation (OTCQB: EWLL) is the first physical therapy telehealth company to offer insurance reimbursable real-time distance monitored treatments. Our business model is to license our PHZIO (“PHZIO”) platform to any physical therapy (“PT”) clinic in the U.S. and or have large-scale employers use our PHZIO platform as a fully PT monitored corporate wellness program. The Company’s PHZIO home physical therapy exercise platform has been designed to disrupt the $30 billion physical therapy and the $8 billion corporate wellness industries. PHZIO re-defines the way physical therapy can be delivered. PHZIO is the first real-time remote monitored 1-to-many physical therapy platform for home use. Due to the real-time patient monitoring feature, the PHZIO platform is insurance reimbursable.
For more information on eWellness go to:
http://www.ewellnesshealth.com/
Safe Harbor Statement
This news release includes certain information that may constitute forward-looking statements. Forward-looking statements are typically identified by terminology such as “could,” “may,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “proposed,” “planned,” “potential” and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about eWellness’ beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although eWellness believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. eWellness cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company’s securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.