eWELLNESS HEALTHCARE CORPORATION (OTCMKTS:EWLL) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
The Company is very excited to announce the launch its new relationship with BBD and Green Shield in Canada and continue to introduce our PHZIO treatment platform to the employee benefits industry and add this additional silo of business to our growing list of candidate users of our PHZIO platform. We believe that we have created a strong path to lowering the spending on employee benefits claims through the utilization of our PHZIO digital PT treatment platform and are pleased to be in a position to share what we believe is our “revolutionary” cost savings technology with the employee benefits industry.
Our PHZIO platform has been developed to significantly support us in our goal of becoming the leader in the new industry of digital telehealth physical therapy (“dPT”). Our focus is to highlight that a majority of all future PT treatments can be accomplished with a smart phone and similar digital technology. This new digital adoption should lower patient treatment costs, expand patient treatment access and improve patient compliance. Our PHZIO platform allows patients and PT’s to cut the cord from the “old-school,” wait-in-line, brick and mortar clinical experience to an immediate response digital, in-home PT experience. We firmly believe that as much as 80% of all PT assessments and treatments can now be done on a patient’s smart phone in the privacy of their own home. It is our position that Digital PT is clearly the next upgrade the industry needs to make.
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.