NEW YORK, October 18, 2017 /PRNewswire/ --
Nature's impact on healthcare
can't be overstated in light of the nation's recent spate of natural disasters that have battered Texas
Residents in these states face incredible challenges when it comes to finding proper medical care, but it's not just during times of natural disaster that people need access to quality healthcare. It is also an everyday problem for millions of Americans living in rural regions designated as "medically underserved." Telemedicine offers solutions that can make a significant difference to location-based healthcare challenges by offering access to services regardless of an individual's location. Several companies offering telemedicine solutions are Medical Innovation Holdings, Inc.
(OTC: MIHI) (MIHI Profile), Teladoc, Inc.
(NYSE: TDOC), Cigna Corporation
(NYSE: CI), Anthem, Inc.
(NYSE: ANTM) and UnitedHealth Group, Inc.
In its 2017 Leadership survey, The American Telemedicine Association (ATA) reported an increasing demand for telehealthcare services, with 98 percent of telemedicine executives stating that organizations offering telemedicine have a competitive advantage over those that do not (http://nnw.fm/29NLg ). The report, based on 171 respondents in executive leadership positions representing telehealth service providers, healthcare practices, and hospital systems, offers an overwhelmingly optimistic view for the future of the telehealth industry. This positive attitude is based not on wishful thinking, but on the undeniable fact that patient-centered healthcare and electronic health record (EHR) interoperability is becoming a critical piece of the nation's health information network.
In its "State of Telemedicine Report Reassessed for 2018
," healthcare brand strategy consulting and marketing communications firm Brandigo also reports that telemedicine is one of the fastest growing sectors in the overall healthcare market. The industry is on track to grow from $25.5 billion
in 2015 to $57.92 billion
by 2020, with a compound annual growth rate of nearly 18 percent over the next five years (http://nnw.fm/G7mxa). Educating patients on how to use this valuable resource will make a sizeable difference in how fast and how far the industry grows.
-based Medical Innovation Holdings (OTC:
is quickly becoming a vital part of this expanding virtual healthcare industry. MIHI owns and operates strategically aligned healthcare service companies focused on the delivery of clinical virtual medicine, also known as telehealth and telemedicine. Through its wholly owned subsidiaries, MIHI provides personalized high-tech, high-touch telemedicine encounters pairing its virtual health specialty doctors with primary care physicians. This synergy of forces includes the use of nextgen virtual health technologies that connect a patient with a multi-disciplinary specialty clinical healthcare practice (http://nnw.fm/c1Gyd).
MIHI also provides ancillary products and services that improve health, provide product choices, and increase engagement and revenue. These services include lab, nutraceuticals, prescriptive medicine, and remote diagnostic support. The company's recent launch of Telemedicos USA
, a Spanish-language healthcare platform positioned to address the 58 million Hispanics living in the United States
, is addressing another immediate, glaring healthcare need (http://nnw.fm/Aap7E), and demonstrates the company's ability to recognize a market opportunity and execute a plan to meet industry demand.
"This was a natural evolution for us. We purposefully positioned MIHI for this market because we understand the nuances of providing services to such an ethnically diverse group that make up the Hispanic community," MIHI CEO Jake Sanchez
stated in the news release. "We have a Mexican-American CEO, two of our three board members are Hispanic (Mexican American and Colombian), and some of our largest shareholders are Panamanian, Puerto Rican and Cuban. We know the Hispanic community, and the community knows us."
will use primary care, on-demand telemedicine services to provide unparalleled access to healthcare, including pharmaceuticals, alternative medicines and patient portals to create a cloud-based electronic medical record that effectively "travels with the patient."
MIHI's vastly different approach stands out from a growing field of telemedicine providers by delivering virtual telemedicine with a unique, customized software and hardware platform. Through its MSO, 3PointCare, MIHI's telemedicine approach is unlike other providers who rely on a monthly subscription with patients required to pay an encounter fee every time an on-demand physician is utilized. Under that approach, the continuum of care is broken, insurance may not be accepted, symptom-based diagnoses are the only reference, and there is no certainty the patient is being cared for by a licensed practitioner, changing the relationship from an actual medical practice to a contract service delivering virtual care.
Under MIHI's visionary approach and through its 3PointCare, doctors are deployed through an established medical practice without requiring a subscription fee. The company works with anyone covered by insurance, including Medicare and Medicaid, in a partnership with the patient's primary care physician. Deductibles can be captured, which allows patients to take advantage of medical tax deductions, since MIHI utilizes an integrated software application that enables the processing of insurance claims so that doctors are paid for their services.
The company's TeleLifeMd, a multi-disciplinary specialty healthcare practice with strong experience in telemedicine, primarily delivers patient medical care, while 3PointCare has a unique and exclusive relationship with the service. It is a well-rounded, reliable method of providing all levels of service needed by a medical practice seeking telemedicine options. From providing telemedicine hardware and software products and support, to processing claims, paying all invoices and payroll incurred by TeleLifeMd, as well as any other service required to operate the practice, the continuum of care remains unbroken providing a critical connection between patients, medical providers, and healthcare specialists.
Another telehealth company opening its virtual doors to patients is Teladoc
(NYSE: TDOC). The company's network of more than 3,100 members delivers on-demand healthcare to millions of patients via mobile devices, the Internet, video and phone. Teladoc members recently announced free consultations to victims of Hurricane Harvey, whether they were members of the service or not. The company said in a press release it would provide non-emergency medical care to those people displaced from their regular doctors and routines (http://nnw.fm/272lJ).
The idea that large healthcare organizations can offer real-time help through telemedicine is taking shape in other ways. Cigna
(NYSE: CI), one of the nation's largest managed-care organizations with a little over 14 million medical members, recently reached out to victims of the mass shooting in Las Vegas
, offering online support services for anyone affected by the tragedy in any way (https://www.cigna.com). Cigna typically provides health insurance services to individuals mainly through the group or employer market. Cigna is a leader in the commercial self-funded fee market and participates in other insurance and retirement businesses.
Prior to the approach of Hurricane Irma in September, Anthem
(NYSE: ANTM) announced that it would also offer free online medical and psychological visits to anyone impacted by the natural disaster (http://nnw.fm/jikF8). With approximately 40 million members, Anthem is one of the largest managed-care organizations in the United States
. The company provides health insurance services to more than 74 million people through its affiliated companies.
(NYSE: UNH) provides health insurance services to about 46 million medical members. The company provides health insurance services to its members through products for every major insurance market and delivers back-office services to providers through its Optum segment. UnitedHealth Foundation supports telemedicine services through a variety of methods, including offering grants to community initiatives developing new healthcare technologies (http://nnw.fm/3yW13).
Telemedicine continues to be one of the fastest growing sectors in the overall healthcare market, with most employers either in the planning stage of offering the service or already providing it to employees. This type of healthcare delivers new options to patients via a virtual encounter with qualified medical professionals. Telemedicine allows patients to have a continuous conversation with their primary care physicians, keeping patients more satisfied, while enabling physicians to gain a greater share of healthcare revenue. Online consultations with specialty care physicians are another important benefit of the rise in telemedicine, as are what some may call "curbside" consults for patients living in extremely rural parts of the country, according to an article in Forbes (http://nnw.fm/j7fSN).
Reducing the cost of healthcare while simultaneously increasing the quality of care and improving access to health services for millions of people will take a unique, forward-thinking vision made possible by companies that are strategically forging ahead as telemedicine pioneers. Natural disasters aren't the only time when telemedicine is destined to shine. It is in the everyday, individual approach to helping people live better, healthier lives by connecting them with medical providers who want to take a more comprehensive, continuous role in patient care.
For more information on Medical Innovation Holdings
, please visit: Medical Innovation Holdings (MIHI)
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.
NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.
NetworkNewsWire (NNW) is affiliated with the Investor Based Brand Network (IBBN).
Over the past 10+ years we have consistently introduced new network brands, each specifically designed to fulfil the unique needs of our growing client base and services. Today, we continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.
Please feel free to visit the Investor Based Brand Network (IBBN) http://www.InvestorBasedBrandNetwork.com
FN Media Group, LLC