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eWELLNESS HEALTHCARE Corp (OTCMKTS:EWLL) On The Rebound

eWELLNESS HEALTHCARE Corp (OTCMKTS:EWLL) On The Rebound
Written by
Jarrod Wesson
Published on
July 29, 2017
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eWELLNESS HEALTHCARE Corp (OTCMKTS:EWLL), the healthcare company, has excited the market the month of July. The shares commenced the month trading at the level of $0.05 on relatively low volume until good news hit the market on July 21, 2017. The company put out that it signed a Letter of Intent Agreement between "US Health Center, Inc. and an undisclosed US healthcare provider" that is expected to generate $4.2 million in annual recurring gross revenue for the company. In our opinion, it was this information contained in the press release, which made the share price rebound. We will provide more information in this article, but before we give more details, have a look at the recent share price action.SourceBusinesseWELLNESS HEALTHCARE Corp is a California based healthcare firm that provides distance monitored physical therapy programs to the patients who suffer from health issues, such as pre-diabetic, cardiac, and other health issues. The firm provides the services with the help of its contracted physicians. The firm utilizes its self-developed PHZIO platform for its customers to keep in touch with its physicians. In the following video, the PHZIO platform is explained.https://youtu.be/9A3KtiHAnPUSource (Published on Feb 2, 2017)Recent DevelopmentsOn March 20, 2017, the press release of the firm announced that it planned to initiate a New York based regional sales, onboarding, and training team to support the physical therapist's clinics. Mr. Darwin Fogt, the CEO, said:

"We are excited to create a regional support team for the North-Eastern regional area. With clinical adoption, our PHZIO digital PT telemedicine tool can revolutionize how physical therapy is delivered." Source

eWellness Healthcare Corporation also introduced a mobile based app on Apr 10, 2017 that uses a patient centric mobile application. It is available on both Apple and Android devices. This app is designed to provide an interactive solution to the physical therapy practices. It enables flexibility regarding physician-patient interaction. The patient who requires attention can receive it at any time of his/her need. Mr. Darwin Fogt, the CEO of eWellness Healthcare Corporation, said:

"We are excited to introduce this new PHZIO App. This tool can revolutionize how physical therapy is delivered while tapping into the scale and reach of an Uber-style business model.Source

eWellness Healthcare Corporation introduced an internet platform called PrehabPT.com on May 1, 2017. PrehabPT.com provides an 8-week physician to patient interaction on the therapeutic exercise treatment system that is developed to prepare the patients for the hip or knee surgery, joint replacements, and back surgeries. With the instructions from the website, the patients can complete therapeutic exercises either unmonitored or monitored by a professional. Mr. Darwin Fogt, the CEO, said

"We are excited to launch PrehabPT.com this week. This new digital telehealth tool can revolutionize how patients gain access to pre-surgery physical therapy ("PT") and how PT is delivered." Source

On June 09, 2017, the company informed that it added a self-insured employer marketing strategy and is hoping to engage in the talks with the multiple Administrative Services Only (ASO) in the insurance industry. Moreover, as a result, eWellness Healthcare corporation is hoping to become the exclusive service provider in physical therapy industry. These ASO contracts represent a significant contribution to the health insurance industry. These ASO contracts can save up to 10-25%.Why did the share price move in July?As said earlier, the company signed a letter of intent with an undisclosed US healthcare provider (annual premiums of over $384 billion per year), and US Health Center, Inc. A more definitive agreement would be great news and should be considered a catalyst for the stock. If the stock jumped on this news, a new contract may make the share price spike as well. We need to be alert, as eWellness said that the companies could obtain an agreement "over the next 90 days". We will inform our subscribers, thus subscribe to our newsletter if you want rapid assessment of news on this and other names.ConclusioneWellness Healthcare Corporation seems to have a useful and innovative product that has captured the attention of big players in the healthcare industry. We could not get the name of US healthcare provider, but it was noted that it receives annual premiums of over $384 billion per year, thus it is definitely a big company. Additionally, we had a look at the recent announcements of the company and we're glad to see that the business is growing. To sum up, follow the stock closely, as it's proven to be a microcap runner.We will be updating our subscribers as soon as we know more. For the latest updates on EWLL, sign up below!Image courtesy of Doug Sparks via FlickrDisclosure: We have no position in EWLL and have not been compensated for this article.

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