News Update: Premier Health Group Inc. (OTC:PHGRF) (CSE:PHGI) Provides Update on Expansion Into Cannabis Clinic for Patients
Managing health and wellbeing is a full-time responsibility. With yearly physicals, vaccinations, and those few days out of the year where you don’t feel 100%, a reliable source of primary care is vital to both physical and mental health.
Finding primary care can be challenging, especially in countries like Canada, where shortages in available primary care physicians and nurses make it more difficult to find available appointments. The doctors that end up having availability get blitzed with a barrage of patients and burnout.
More likely than not, healthcare companies won’t be able to solve every issue facing their industry, but that doesn’t mean companies aren’t finding innovative ways to help their patients access primary care.
Premier Health (OTC: PHGRF) (CSE: PHGI) Is Targeting an Opportunity with a Massive Demand In The Healthcare Market
Enter HealthVue, a subsidy of Premier Health Group Inc. (OTC: PHGRF) (CSE: PHGI), which is a company focused on redesigning how medical care is received. Premier’s objective is to develop new technologies that deliver the best quality healthcare possible, through the seamless combination of their network of primary care clinics with telemedicine and artificial intelligence. With an elite team of industry leaders, knowledgeable physicians, and specialists at the top of their fields, HealthVue is on the precipice of becoming the authority on accessible primary care.
The HealthVue team, backed by Premier Health (OTC: PHGRF) (CSE: PHGI), empathizes with the needs of residents of Canada who are struggling to access affordable, qualitative primary care and are invested in designing state-of-the-art medical technology to offer unparalleled assistance. Unlike other healthcare companies, HealthVue is pushing the limit of how we utilize tech to improve our physical health.
Telemedicine is rapidly becoming an integral component of the future of healthcare. The market for telemedicine is growing quickly and is expected to continue, as the pressure to upgrade the efficiency and quality of care, while being cost-effective, increases.
This area of healthcare is on fire right now, and the heat is only intensifying. According to Reuters, the deployment of telemedicine has significantly altered the healthcare paradigm, due to the many technological advancements in the field of medical devices and services. With the geriatric population increasing every day, paired with “rising prevalence of chronic diseases, dearth of healthcare professionals worldwide,” these are just some factors expected to catalyze the growth of the telemedicine market.
Telemedicine technology is considered, by industry experts and investors alike, as the most adaptable technology currently being utilized to deliver “health education, health information, and health care at a distance,” according to Market Watch. Companies like Premier Health (OTC: PHGRF) (CSE: PHGI) are well aware of this exciting trend and are prepared to meet market demands with sophisticated technologies to increase remote access to primary care and reduce hospitalization rates for patients.
The existence of this technology, coupled with investors who understand the profitable future of the industry, will ensure steady market growth and create huge opportunities for hate players in the market.
HealthVue Utilizes High-Tech Solutions To Improve Health
Premier Health (OTC: PHGRF) (CSE: PHGI) and HealthVue have worked tirelessly to integrate telemedicine technology into the experience for their community of over 100,000 active patients. If someone is unable to physically make it to a primary care physician, HealthVue is there to provide support. Easily accessed by their website or smart-phone application, HealthVue is focused on using telemedicine technology to facilitate the delivery of primary care.
Because of Premier Health’s (OTC: PHGRF) (CSE: PHGI) belief in investing in the highest quality healthcare technology, HealthVue patients can choose to see doctors from anywhere in the world, whether at home or on vacation. Patients simply connect with an available physician through HealthVue’s telemedicine app, and within seconds, they receive treatment.
During these telemedicine calls, providers can diagnose a patient, guide them in how to feel better, and even prescribe medication. Similar to an in-person visit, the physician gathers your medical history to ensure their recommendations for treatment are unique to every patient’s health background. Competitors like the “Dr. On Demand” application offer similar services for their patients, but no company can match the unrivaled user experience that HealthVue creates for it’s 100,000 plus member network.
On October 11, 2018, Premier Health Group Inc., (OTC: PHGRF) (CSE: PHGI) announced their selection of Reliq Health Technologies Inc. (“Reliq”) (RHT) as its exclusive technology partner. Reliq is “a healthcare technology company that specializes in developing innovative software as a service solution for the $30 billion community carer market.” Reliq’s mission, like their new partner Premier Health (OTC: PHGRF) (CSE: PHGI), is to create technological solutions to “allow patients to receive high-quality care in the home or other community-based settings, improving health outcomes, enhancing the quality of life for patients and families and reducing the cost of care delivery.”
“We are very excited to be selected by Premier Health Group as the exclusive technology partner for their HealthVue Clinics. We look forward to helping HealthVue establish themselves as a technology leader in primary care.”
- Lisa Crossley CEO, Relig Health Technologies Inc.
Pursuant to this selection, Premier Health will look to Reliq to further HealthVue’s telemedicine system by incorporating their technology platform to power the HealthVue patient app. The HealthVue app, powered by Reliq, “will allow patients to book appointments, see their GP or specials, review their own chart, chat with clinic staff and pharmacists, refill prescriptions and share health data collected in the home with their HealthVue care team,” said Dr. Essam Hamza, MD, CEO of HealthVue.
Premier Health is taking a strategic approach to the market, and ensuring that it can meet the demands of consumers, by collaborating with Reliq. Premier Health recognizes new market demands and is prepared to meet them by developing the technology component of their practice, in partnership with Reliq. Reliq’s mobile platform, designed to adapt to meet the expectations of patients, offers a more mature solution compared to others and has a first mover advantage with reset to targeting LTC and home care providers. Reliq, in collaboration with Premier Health (OTC: PHGRF) (CSE: PHGI), will have greater access to the patient population for its enterprise customers.
BIG NEWS & NOTABLE DEVELOPMENTS:
-Premier Health Group Inc. (OTC: PHGRF) (CSE: PHGI) Announces Plans to Enter Canadian Pharmacy & Drug Store Market
– Premier Health Group (OTC: PHGRF) (CSE: PHGI) to Expand Scope of Practice by Launching a Cannabis Clinic for Patients
In their most recent corporate update, Premier Health (OTC: PHGRF) (CSE: PHGI) announced that they completed a CAD $3.55 million financing in August, with $1 million spent on the acquisition of HealthVue. The Company reportedly has “no debt and is well capitalized to strategically acquire additional clinics” as well as build out new locations. Premier Health, through HealthVue and its innovative care resources, invests in the wellbeing of its patients.
Historically, quality applications in the telemedicine space are generally very expensive, which can put pressure on margins in the long term as a company scales. Premier Health’s recent financing will allow for the rollout of this new technology to scale easily and increase stock value for shareholders.
“The technology component of our practice is easily scalable, low cost and high margin, allowing us to rapidly grow our business and create significant shareholder value”
- Essam Hamza, MD CEO HealthVue
HealthVue expects to make their new application available to their patients in Q4-18.
The community care market in Canada continues to be an interesting space to observe and invest in. More companies are recognizing that the name of the game is medical technology innovation. Premier Health (OTC: PHGRF) (CSE: PHGI), and their subsidiary HealthVue are unrelenting in their pursuit of the highest quality care for their vibrant community of over 100,000 active patients.
The Company has their work cut out for them. Recent reports show that nearly 15% of Canadians aged 12 and older do not have a primary care physician. Additionally, almost 66% of senior citizens in Canada are unable to get same-or next-day appointments.
Telemedicine is one of the fastest growing sectors in the healthcare industry, increasing in size every single day. Recent reports forecast the global Telehealth market reaching $19.5 billion by 2025, according to Transparency Market Research. The surge in demand for convenient primary care, coupled with technological advancements in mobile solutions for healthcare will drive the market forward.
Premier Health (OTC: PHGRF) (CSE: PHGI) will undoubtedly use its unparalleled telemedicine technology and incomparable physician network to provide its growing membership base with the best care in the business. If they do so, they will see substantial growth in the future of their business, as well as lead by example for others in the industry.
DISCLAIMER: Pursuant to an agreement between MIDAM VENTURES, LLC an affiliate of JSG COMMUNICATIONS LLC and Premier Health Group Inc. we were hired for a period from 10/1/2018 – 4/1/2019 to publicly disseminate information about Premier Health Group Inc. including on the Website and other media including Facebook and Twitter. We were paid $100,000 (CASH) for & were paid “500,000” shares of restricted common shares. We own zero shares of Premier Health Group Inc., which we purchased in the open market. Once the (6) Six month restriction is complete on 4/1/2019 we plan to sell the “500,000” shares of Premier Health Group Inc. that we hold currently in restricted form during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of Premier Health Group Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. FULL DISCLAIMER HERE
Robinhood Steals From The Banks And Gives You The Rest
If Americans love anything, we love our independence. We demanded our freedom from the clutches of Britain in 1776, and since then, mastering our own destinies has been the vibe. As the land of the free and the home of the brave, being an American means doing what we want, when we want, for as long as we would like, then cooling off with a Pabst Blue Ribbon whilst dragging on an American Spirit cigarette. But our expression of our right to live as we so choose is not confined to our beer/tobacco preferences, we support any company, no matter the industry, that empowers us to act on our own accord, and if we can capitalize on these ventures, they become all the more attractive to us.
Banking off the sex appeal of the American DIY economy, Robinhood was founded in 2013 with the idea of taking the experience of investing in the stock market and turning it into an easy-to-use smartphone app. Over the course of the last five years, the startup has built a base of over 6 million users by offering consumers commission-free stock trades, resulting in the company’s current $5.6 billion valuation. According to Forbes, Robinhood’s six million accounts roughly equate to tens of billions of dollars, in terms of individual customer assets. While I have yet to download the Robinhood app, several colleagues of mine have raved without end on the app’s user interface, and ease when investing. Robinhood’s success has allowed the company to threaten brokers like E*Trade and Charles Schwab, and they are showing no signs of slowing down.
On Thursday, Robinhood announced a new component of their business model, “Robinhood Checking & Saving,” which, staying true to the creative name, will see the company offer to its users free checking and savings accounts with a MasterCard debit card issues through Sutton Bank. According to several sources, Robinhood’s new accounts program will have no minimum balances, overdraft charges, or membership fees for its account holders. In addition to these incentives, Robinhood users who elect to store their money in these new accounts will earn 3% interest annually.
“Brick-and-mortar locations are costly. Our goal with this product was to build a completely digital experience so we can reduce our overhead so we can pass more of the value back to customers. Saving accounts in the US pay on average 0.09 percent and we all know the banks are making far more than that from the deposits. With Robinhood you earn 3 perfect of all of your money. Mental math is hard so if you look at the median US household that has about $8000 in liquid savings, they’d earn $240 a year.”
–Baiju Batt, Co-Chief Executive Officer, Robinhood
Robinhood’s CEO is spot on when he talks about how banks profit off the money we store in our checking and savings accounts. Banking institutions like Wells Fargo and JP Morgan Chase use depositors’ money to pay for everything from loans for other customers to doling it out to other branches in need of quarter rolls for coin-operated laundry. Either way, lack of bank transparency is one of the motivating factors behind the success, albeit not recently, of decentralized currency.
The original intended purpose for cryptocurrency was to alleviate the trust-based model of depending on traditional banks to transact and safely store money. Blockchain technology allows consumers to access the ledger for every transaction they take part in, thus allowing for the transparency that big banks have yet to catch on to, or simply avoid.
The release of Robinhood-backed checking and savings accounts indicates that, similarly to decentralized currencies, consumer mistrust in traditional banking institutions is increasing. People want to know their money is secure, and, while its kept in a location, how the money is being used.
Virgin Galactic Goes Interstellar
“Space…the final frontier…these are the voyages of the starship Enterprise. It’s five-year mission: to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no man has gone before.” For you non-science geeks out there, this quote played at the beginning of every episode of the tv series, “Star Trek,” and when it did, people across the globe, including myself, would squirm with excitement for a show that depicted life in the future. Although Star Trek was largely science fiction, its fans had an inkling that one day, space exploration for humans would be possible. Space represents our next step in human life, with possibilities as infinite as the reaches of the cosmos. Until recently, unless you trained all your life to become an astronaut for NASA, getting to space was more attainable through imagination then physically traveling there. However, if we’ve learned anything in the last decade, if you have vast amounts of expendable income, you can achieve what was previously conceived to be impossible.
Typically, when speaking on an individual with significant capital to create crazy inventions and such, we assume Elon Musk is behind the curtain, but not today, friends…not today…Richard Branson, the founder of Virgin Group, the company responsible for selling records, flying airplanes, making olive oil, and as of Thursday, sending two test pilots in their SpaceShipTwo to the edge of space.
According to reports, the aircraft took at 7:30am on Thursday morning, climbed over 52 miles of altitude and hit a top speed of Mach 2.9, or 2225.08 miles per hour for you non-aerospace plebeians. Continuing the brief aerospace lesson for a hot moment. When reports say SpaceShipTwo reached the “edge of space,” they are referring to the internationally recognized Karman line. Referencing the always faithful Wikipedia definition, the Karman line “lies at an altitude of 100km (62 miles, 330,000 ft) above Earth’s sea level and commonly represents the boundary between Earth’s atmosphere and outer space.” So, to put it nicely, the two astronauts aboard Virgin Galactic’s spacecraft didn’t quite reach space just yet.
Branson’s Virgin Galactic enterprise represents the nascent nature of the space tourism industry. It’s not that we’ve necessarily exhausted all travel accommodations here on Earth, but outer space has been virtually unattainable for non-astronauts for as long as space travel has been possible. Thursday’s test flight is the fourth in a series of tests for VSS Unity, the official name of Virgin Galactic’s spacecraft, meant to make sure that every aspect of the space-bound journey is safe for commercial missions in the future.
“Incremental flight test programs are by definition open-ended and, to a great extent, each test depends on the data from the test that precedes it. There is no guarantee that everything will work the perfectly first time and, like all programs seeking to take bold steps, we will inevitably have times when things don’t go as planned.”
–Official statement from Virgin Galactic regarding VSS Unity test flight
So, what does this mean for the future of the space tourism industry and space travel as a whole?
First of all, Virgin Galactic’s test flight indicates that we are getting extremely close to commercial missions to space. The company says about 600 people have grabbed spots in line to be the first ones to fly to space, spending anywhere from $200,000 to $250,000 per ticket. In anticipation of the industry’s stellar future, Amazon’s chief executive and eventual intergalactic commissioner of the cosmos, Jeff Bezos, founded Blue Origin nearly two decades ago to send passengers into space on an automated, vertically launched rocked. To date, Blue Origin has yet to conduct a test flight with a manned aircraft, nor sell tickets in advance of the company’s eventual space voyages.
Either way, the hopes and aspirations inspired by Star Trek’s opening monologue are no longer a fantasy. As Richard Branson and Virgin Galactic get closer to commercial space travel, fairly soon, we’ll be able to boldly go where no group of humans has gone before.
Nvidia Stock Price Tanks 50% After New Chip Release
Success is a double-edged sword if you really think about it. Let’s assume, for sake of example, you start a tech company that manufactures custom keyboards for laptops and desktops. You convince a small VC firm to throw you some seed money and, after months of R&D, product design meetings, and countless visits to Office Depot, you’re exhausted and the company is headed down the tube. No one cares about you or your company, your girlfriend leaves you, it’s all bad news bears. Then, seemingly out of nowhere, everything changes. A major manufacturer of PCs in China wants to collaborate with your startup. You’ve hit the big time! TechCrunch raves about you, Elon Musk tweets that he’d love to grab lunch with you when you get the chance. Everything is perfect until Apple (AAPL) announces that they plan on releasing custom keyboards for their products, and Google (GOOGL) hires several street artists from South Korea to take a stab at the previously niche market that your company was responsible for creating. And in no time, there you are, right back in the tubes.
Over the past several months, Nvidia (NVDA), known for manufacturing top-of-market graphical processing units (GPUs) for gaming and other applications such as computer-assisted design (CAD), has returned to the tubes after a significant period of sustained success. Back in August, U.S. News reported that 76.4% of PC gamers, at the time, used Nvidia (NVDA) graphics cards, elevating the company to benedictine status in the gaming industry. As we have seen with companies like Epic Games, the creators of “Fortnite,” there is serious lucrative potential in video games. However, most gamers prefer to play on consoles like Microsoft’s (MSFT) Xbox One or Sony’s (SNE) Playstation 4, rather than on a personal computer. Due to this notion, over the years, Nvidia (NVDA) looked elsewhere to e expand its product offering and, until very recently, found its niche in cryptocurrencies.
About nine months ago, TechCrunch reported on a major inventory shortage of Nvidia’s (NVDA) GPUs due to the increased preference of these chips for mining for cryptocurrencies, specifically Ethereum (ETH). When news broke about the shortage, Nvidia’s (NVDA) Chief Executive Jensen Huang told the press that he wishes consumers would stop using his company’s products for crypto mining.
“We’re sold out of many of our high-end SKUs, and so its a real challenge keeping [graphics cards’ in the marketplace for games. At the highest level the way to think about that is because of the philosophy of cryptocurrency — which is really about taking advantage of distributed high-performance computing — there are supercomputers in the hands of almost everybody in the world so that no singular force or entity that can control the currency.”
–Jensen Huang, Chief Executive Officer, Nvidia
While this was probably very exciting for Nvidia (NVDA), which saw impressive growth in their revenue stream from $1.05 billion in 2013 to $3.2 billion following the company’s foray into supplying crypto miners with processing equipment, anyone with a connection to the internet will know that cryptocurrencies haven’t felt too hot lately. The crypto industry has all but crashed, with Bitcoin down more than 80% from its all-time high set in December 2017. For one reason or another, crypto investors are selling off and bailing on the once-lucrative market.
In addition to Nvidia’s (NVDA) financial troubles in connection with crypto losing its luster, it can’t help that companies across Silicon Valley are feeling anxious due to President Trump’s trade war with China.
“Nvidia executives are watching the trade fight with growing unease over whether it will curb its access to Chinese customers. Almost 20% of Nvidia’s $9.7 billion in revenue last year came from China. Many of its chips are used there for assembly into other products, and it has heavily invested to tap China’s burgeoning AI industries.”
–Dan Strumpf and Wenxin Fan, The Wall Street Journal
Nvidia’s (NVDA) increasing irrelevance is not only due to the eventual death of cryptocurrency, but rather other companies in the space, namely tech giants like Apple (AAPL), Google (GOOGL), and Amazon (AMZN) are stepping up their game in the GPU manufacturing business. Though none of these companies have broken into manufacturing chips for the gaming industry, it may only be a matter of time before Nvidia (NVDA) loses its preeminence. In anticipation of the company’s decline, Nvidia (NVDA) stock has dropped from a closing price of $289.36 on Oct. 1 to Wednesday’s open of $148.42, a near 50% drop, according to TechCrunch.
Only time will tell as to how Nvidia (NVDA) will fare in the coming months.
Search Stock Price (StockPrice.com)
Featured1 month ago
Premier Health Group Inc. (OTC: PHGRF) (CSE: PHGI) Announces Plans to Enter Canadian Pharmacy & Drug Store Market
Newsletter1 month ago
Stock Price: Newsletter Tuesday 11/5/2018
Editorials2 months ago
2 NAFTA 2 Furious!
Editorials2 months ago
Brews with Brett; Why the Supreme Court Nominee’s Favorite Drink May Be His Downfall
Editorials2 months ago
China Offers New “Spy-cy” Chip Flavor, Apple & Amazon Can’t Stand Heat
Stocks to Watch1 month ago
Investors See New Opportunity In Sports Technology: Cognitive Tech Industry Worth $7.5 Billion & This Company Has The Winning Strategy
Editorials2 months ago
Trump Sends Text To America: “You Up?”
Cannabis2 months ago
Corona Beer Pours $4 Billion In Canopy Growth’s Glass