Culver City, CA, May 20, 2019 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation – (EWLL) – is the first physical therapy telehealth company to offer insurance reimbursable real-time distance monitored treatments, announces that it will Develop & Launch a Digital Occupational Therapy Platform by the end of 2019.
Darwin Fogt, CEO of EWLL stated that, “based upon interest by various Third Party Insurance Administrators (“TPA’s), we are excited to create a digital occupational therapy platform similar to our PHZIO PT treatment platform. According to IBIS World, the US occupational therapy market was valued at approximately $24.3 billion in 2017. When coupled with the PT and speech therapy markets, this will provide EWLL with three distinct silos of ancillary healthcare services with a combined market size of approximately $90 billion per year in the US.”
Our PHZIO platform has been developed to significantly support us in 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. This new digital adoption will 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. 80% of all PT assessments and treatments can now be done on a patient’s smart phone in the privacy of their own home. Digital PT is clearly the next upgrade the industry needs to make.
eWellness Healthcare Corporation (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.
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For additional information on eWellness Healthcare Corporation and its PHZIO telemedicine products please contact Mr. Darwin Fogt, CEO: 1-855-470-1700.