Our Health Depends On It
The popular opinion, amongst most of the medical community, is that it takes at least twenty-one days to create, or break, a personal habit. On a similarly syncopated timeline, according to sector analysts, roughly every fifty years, the healthcare industry experiences a significant set of disruptive changes resulting in a revolutionized approach to healthcare. In the early twentieth century, medical wunderkinder gave us the gift of penicillin, catalyzing a global acceptance of medication as a treatment for serious diseases.
Given the history of healthcare and what seems to be a headline in the news every other day regarding the discovery of a new disease or ailment, many are curious as to what medical marvel will disrupt the current framework of the healthcare industry and start a revolution. I posit that the developing symbiotic relationship between med and machine will be the next iteration for global healthcare, and through the use of advanced telemedical technologies and artificial intelligence, one company is strategically poised to take advantage of business opportunities in the global healthcare industry.
A Company Invested In Global Healthcare
Premier Health Group Inc. (OTCQB: PHGRF, CSE: PHGI, Frankfurt: 6PH), a Company focused on developing innovative approaches that combine human skill-based expertise with emerging technologies, has burst into the healthcare industry. The Company is prepared to meet the significant demands presented by the nascent industry.
Earlier this month, the Company announced that further to its news release earlier in the year, detailing a letter of intent to acquire all outstanding securities of Cloud Practice Inc, a cloud-based software solutions company, it had signed a Definitive Agreement with Cloud Practice to finalize the deal. For those less than familiar with Cloud Practice, they offer three products including Juno EMR, ClinicAid, and MyHealthAccess.
Juno EMR
Juno EMR appealed to Premier Health Group Inc (OTCQB: PHGRF, CSE: PHGI, Frankfurt: 6PH) because the platform’s open-source technology allows for patient medical records to be accessed anywhere, anytime, and given that Premier currently supports an active network of over 100,000 patients, medical professionals across their interconnected clinic framework need access to patient information.
Juno EMR’s cloud-based or “ASP” (accessibility and simplicity) model strategy for their clients was conceptualized on the notion that protecting a patient’s electronic medical record is immeasurably important, especially at a time where major tech companies are suffering from data hacks and security breaches. Juno EMR was created to allow practitioners, and patients, the ease of accessing EMRs through the use of any web browser, allowing for access from anywhere that has internet including both during a visit to the doctor’s office, as well as while the patient is at home.
ClinicAid
As any medical professional knows, successful medical practice is impossible without a high-functioning payment processing platform that allows for easier management of health services and their accompanying costs. Cloud Practice’s ClinicAid was developed out of the need for a good set of web-based tools for healthcare providers across Canada to easily integrate into their practices. As the only medical billing software service in British Columbia, Alberta, Ontario, and Saskatchewan, it’s no surprise that their top-of-market product appealed to Premier Health Inc. Like many other Cloud Practice APIs, ClinicAid is powered through cloud computing, which means that healthcare professionals can bill patients from anywhere at any time on any device through the use of ClinicAid’s cloud-based billing software.
MyHealthAccess
Premier Health Group Inc (OTCQB: PHGRF, CSE: PHGI, Frankfurt: 6PH) has worked tirelessly to cultivate and maintain a patient-centric ecosystem of over 100,000 active patients, and in order to make sure that each and every one of the Company’s patients feels cared for and supported, it was crucial that the Company integrate an easy-to-use online patient portal. Cloud Practice’s MyHealthAccess was designed to streamline communication between providers and their patients, as well as allow patients to check schedule availability for their doctors and make appointments all in one platform.
The platform boasts an automated reminder/confirmation function that, according to company statistics, can reduce no-shows by up to 35%. Gone are the days of having administrators spend invaluable hours calling patients to confirm appointments, MyHealthAccess will automatically send a message reminding patients, reducing any need for a call out efforts.
Though Premier’s recognition of a desperate need for improvements to how primary care facilities are operated is important, the fact of the matter is that countless challenges exist amidst the global healthcare industry. According to a recent World Health Organization report, more than 400 million people do not have access to essential health services and 6% of people in low- and middle-income countries are tipped into or pushed further into extreme poverty because of health spending.
“This should serve as a wakeup call: It shows that we’re a long way from achieving universal health coverage. We must expand access to health and protect the poorest from health expenses that are causing them severe financial hardship.”
-Dr. Tim Evans, Senior Director of Health, Nutrition and Population, World Bank Group
Collaboration For Our Health
The inconvenient truth of it all is that millions of disadvantaged people across the planet are living without access to even the most basic healthcare services. Showing no signs of slowing down in the face of adversity, Premier Health Group Inc (OTCQB: PHGRF, CSE: PHGI, Frankfurt: 6PH) not only recognized the global need for improving access to healthcare, but took the steps necessary to invest in relationships to cultivate solutions for this problem plaguing the global healthcare industry.
The Company today announced that, as part of its international expansion strategy, it has entered into a strategic partnership with China’s 360 Health, a healthcare subsidiary of 360 Security Technology. The parent company, 360 Security Technology, is a leading online service company in China with a market capitalization of over $20 billion USD as of January 16, 2019. As a crucial component of this momentous collaborative effort, Premier and 360 Health will work together to develop an infrastructure whereby Premier will be providing second opinion services by connecting 360 Health’s patients in China with doctors in Canada both remotely and in person.
More often than consumers realize, one doctor’s opinion might not feel like the answer that you know, in your gut, to be true for how you’re feeling. Typically, healthcare professionals recommend that patients seek out multiple opinions, especially if they’ve been diagnosed with a serious condition or illness. Premier’s collaboration with 360 Health will allow for more patients to have the ability to rest easier knowing that they’ve consulted more than one medical professional.
“We are very excited to be working with 360 Health as China continues to adopt a Family Practice primary care model and look forward to helping them establish themselves as a leader in primary care. This partnership represents an excellent opportunity for Premier to tap into the fastest growing telemedicine market globally.”
-Dr. Essam Hamza, Chief Executive Officer, Premier Health Inc
Growing Population, Decreased Access
Following an economic boom in the last thirty years, China has metamorphosed from a nation submerged in poverty to the world’s second-largest economy. Amid this transformation, the country adopted a “cradle-to-grave” healthcare system that guaranteed care for China’s population from beginning to end. However, considering that their population is over one billion people, their current healthcare framework has started to lose effectiveness because of the inability to adequately support such a massive amount of people.
In most countries, if you have enough money to take care of yourself, finding quality healthcare isn’t an issue. However, individuals coming from lower-income backgrounds are forced to be treated in overcrowded clinics and dilapidated hospitals. According to the New York Times, China has no formal functioning primary care system, which would otherwise handle baseline illness and injury. Recent statistics indicate that China has one general practitioner for every 6,700 people, compared with the international average of one for every 1,500 to 2,000 people, according to the WHO.
It is for these reasons, and countless others, those collaborative efforts between 360 Health and Premier Health Inc (OTCQB: PHGRF, CSE: PHGI, Frankfurt: 6PH) are crucial for not only improving access to primary care for people living in China but more importantly, working in tandem to develop innovative approaches to improve the quality of life for consumers on a global scale.
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