eWELLNESS HEALTHCARE CORPORATION (OTCMKTS:EWLL) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On September 17, 2018, Phzio USA, Inc. (“PHZIO”), an entity being organized under the laws of the State of Nevada as a wholly-owned subsidiary of eWellness Healthcare Corporation (the “Registrant”), entered into a definitive cooperation agreement with First Managed Care Option (“First MCO”), with offices located at 2740 State Route 10 West Suite 304, Morris Plains, NJ 07950 (the “Cooperation Agreement”, attached as Exhibit 10.24 hereto).
First MCO is a full-service managed care organization providing medical cost containment services for workers’ compensation programs, auto insurers, and group health. With more than 30 years in the industry, First MCO helps insurance companies, insurance funds, third-party administrators, and self-insured employers manage their costs, associated with workers’ compensation and other medical claims. Among other things, First MCP offers Case Management, Network Access, Negotiation and Bill Review services.
to the Cooperation Agreement, which sets forth specific Billing and Fee Arrangements between the parties, PHZIO will work with First MCO to collaboratively organize the integration of PHZIO’s TeleRehab service into the various oversight systems currently being employed for its client services. This integration should better enable PHZIO to track and report on traditional and new metrics to measure patient satisfaction, engagement, adherence, treatment cost and outcome form use of PHZIO’s TeleRehab services. The joint program will be entitled “Phzio for Employee Benefits” and under the coverage, employee members will be able to schedule TeleRehab consultation with a Physical Therapist to discuss, among other physical therapy issues, injury or coverage issues, and develop an appropriate intervention program for each employee member’s plan of care.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
eWELLNESS HEALTHCARE Corp Exhibit…To view the full exhibit click here
About eWELLNESS HEALTHCARE CORPORATION (OTCMKTS:EWLL)
eWellness Healthcare Corporation is a physical therapy telemedicine company, which offers insurance reimbursable real-time distance monitored treatments. The Company’s business model is to license its PHZIO (PHZIO) platform to any physical therapy (PT) clinic in the United States and to offer its PHZIO platform as a fully PT monitored corporate wellness program. The Company is developing marketing channel partnerships with industry association members, existing software-based telemedicine providers and physical therapy billing and practice management providers. The Company’s PHZIO home physical therapy exercise platform is a real-time remote monitored one-to-many physical therapy platform for home use. Due to the real-time patient monitoring feature, the PHZIO platform is insurance reimbursable by payers, such as Anthem Blue Cross and Blue Shield. The PHZIO Solution is a technology platform solution for providers bundling rehabilitation services and employer wellness programs.
