Progressive Care, Inc. (RXMD) is Getting Ready for an Imminent Telemedicine Takeover
As telehealth is increasingly becoming an integral part of the global healthcare industry and both interest and developments in the industry are growing exponentially and on a daily basis, the demand is expected to witness a fast growth over the next few years. Telehealth has now become essential as spike in new cases put constant pressure on people to adapt the technology to avoid the risk of getting infected. RXMD play a key roll in this with Telehealth.
Based on a report from Fortune Business Insights, the telehealth market is estimated to reach $266B by 2026.
The pandemic has caused a massive acceleration in the use of technology in the healthcare industry and the launch of digital programs have enabled doctors to guide patients and treat them remotely.
Progressive Care, Inc. (OTC: RXMD) is among the lucky public companies to be on the winning side.
The personalized healthcare services and technology company provider boasted 258,000 Prescriptions filled in the six-month period ended June 30, representing year-over-year growth of 23% in Q2 2020 and consolidated net revenues were up 50% compared to the prior year, the company said earlier last month.
Earlier this week, the company entered into a Letter of Intent to acquire MyApps Corp. (myapps.solutions), a leading developer of healthcare software, which includes the emerging telehealth service app CallingDr™ (callingdr.com). In addition, Progressive Care will be immediately engaging MyApps to accelerate development of software platforms for ClearMetRX, Progressive Care’s RXMD wholly-owned data management subsidiary, and its divisions. MyApps is a commercial-stage software developer on pace to record over $1 million in revenues in 2020.
MyApps fully owns the popular telemedicine and telehealth platform, CallingDr™, which is a complete virtual platform providing multiple levels of service with a suite of products, including the capability to allow patients to take ownership of their own health records and provide access to health information through the related app and patient portal.
MyApps software is currently used in hundreds of medical practices in multiple states, including gastrointestinal, internal medicine, psychiatry, pulmonology, cardiology as well as remote clinics and in-patient settings. Customers include single-physician clinics, multi-physician clinics, emergency room centers, nursing homes, and home health setups.
CallingDr™ was ranked in the top ten list of patient engagement solution providers by Healthcare Tech Magazine in 2019.
• CallingDr™ has already been integrated to work seamlessly with Thinklabs Stethoscopes.
• CallingDr™ has been integrated into PointClickCare, the leading cloud-based Electronic Health Record (EHR) software designed specifically for the long-term care providers system.
• Technology Innovators, a leading tech-based digital publication, listed CallingDr™ as one of the top 20 Innovators in Telemedicine for 2020.
MyApps has also developed several other platforms that provide improvements in charging, capturing, and billing healthcare services for hospitals, as well as enabling patients better access to healthcare options in their communities by finding available doctor and insurance information in real-time.
Following the completion of the acquisition, Progressive Care, Inc. (OTC: RXMD) plan to market the software to the physicians who are currently their clients, and then to the entire community of physicians, medical practices, therapists, remote rehab centers, and nursing homes across the United States.
Telehealth is still in the earliest days of adoption, given the spread of the COVID-19 and strict regulations imposed by the government that have fueled demand for telehealth services across the united states, Progressive Care, Inc. (OTC: RXMD) have plenty of growth potential over the next decade
As telehealth is increasingly becoming an integral part of the global healthcare industry and both interest and developments in the industry are growing exponentially and on a daily basis, the demand is expected to witness a fast growth over the next few years. Telehealth has now become essential as spike in new cases put constant pressure on people to adapt the technology to avoid the risk of getting infected. RXMD play a key roll in this with Telehealth.
Based on a report from Fortune Business Insights, the telehealth market is estimated to reach $266B by 2026.
The pandemic has caused a massive acceleration in the use of technology in the healthcare industry and the launch of digital programs have enabled doctors to guide patients and treat them remotely.
Progressive Care, Inc. (OTC: RXMD) is among the lucky public companies to be on the winning side.
The personalized healthcare services and technology company provider boasted 258,000 Prescriptions filled in the six-month period ended June 30, representing year-over-year growth of 23% in Q2 2020 and consolidated net revenues were up 50% compared to the prior year, the company said earlier last month.
Earlier this week, the company entered into a Letter of Intent to acquire MyApps Corp. (myapps.solutions), a leading developer of healthcare software, which includes the emerging telehealth service app CallingDr™ (callingdr.com). In addition, Progressive Care will be immediately engaging MyApps to accelerate development of software platforms for ClearMetRX, Progressive Care’s RXMD wholly-owned data management subsidiary, and its divisions. MyApps is a commercial-stage software developer on pace to record over $1 million in revenues in 2020.
MyApps fully owns the popular telemedicine and telehealth platform, CallingDr™, which is a complete virtual platform providing multiple levels of service with a suite of products, including the capability to allow patients to take ownership of their own health records and provide access to health information through the related app and patient portal.
MyApps software is currently used in hundreds of medical practices in multiple states, including gastrointestinal, internal medicine, psychiatry, pulmonology, cardiology as well as remote clinics and in-patient settings. Customers include single-physician clinics, multi-physician clinics, emergency room centers, nursing homes, and home health setups.
CallingDr™ was ranked in the top ten list of patient engagement solution providers by Healthcare Tech Magazine in 2019.
• CallingDr™ has already been integrated to work seamlessly with Thinklabs Stethoscopes.
• CallingDr™ has been integrated into PointClickCare, the leading cloud-based Electronic Health Record (EHR) software designed specifically for the long-term care providers system.
• Technology Innovators, a leading tech-based digital publication, listed CallingDr™ as one of the top 20 Innovators in Telemedicine for 2020.
MyApps has also developed several other platforms that provide improvements in charging, capturing, and billing healthcare services for hospitals, as well as enabling patients better access to healthcare options in their communities by finding available doctor and insurance information in real-time.
Following the completion of the acquisition, Progressive Care, Inc. (OTC: RXMD) plan to market the software to the physicians who are currently their clients, and then to the entire community of physicians, medical practices, therapists, remote rehab centers, and nursing homes across the United States.
Telehealth is still in the earliest days of adoption, given the spread of the COVID-19 and strict regulations imposed by the government that have fueled demand for telehealth services across the united states, Progressive Care, Inc. (OTC: RXMD) have plenty of growth potential over the next decade
