Rich has got an exciting new company on his radar, and he thinks it should be on your radar too. Today, he profiles Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF), a Canadian company offering innovative solutions in the healthcare industry.
Specifically, PHGI is developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). This is a revolutionary space to be operating in, and Rich is optimistic about the company’s prospects.
“This is the future of medicine,” says Rich. “Premier Health Group has the potential to be a great pick, and we’re going to find out why.”
Premier Health’s Leading Telemedical Solutions
Founded in 2013 and headquartered in Vancouver, Canada, PHGI is helping put power back in the hands of patients.
Its telemedical solutions combine human skill-based expertise with emerging technologies. Through Premier Health’s acquisition of HealthVue, doctors can see their patients from anywhere in the world. Its platform also allows doctors to chat with or consult clinical staff, pharmacists, other doctors, specialists, or their patient’s charts.
This not only eases a doctor’s workload while increasing access to healthcare, but it can also help maximize a clinic’s income.
Patients, meanwhile, can book appointments from anywhere at any time with the MyHealth Access Patient Portal App. The app also lets them review their charts or labs in real-time. Patients can also reorder their subscriptions quickly and conveniently, and talk to physicians and medical practitioners without having to visit a hospital.
In addition, through another subsidiary—Cloud Practice—Premier Health offers software-as-a-service-based health tech applications. These include cloud-based Electronic Medical Records (EMR) software, medical billing software, and an online patient portal.
Finally, on January 13, PHGI finalized its acquisition of Livecare Health Canada Inc. Livecare is a Canadian Telehealth company founded and operated by physicians dedicated to giving patients access to quality, real-time healthcare.
Thanks to the acquisition, Premier Health will be able to leverage the company’s existing partnerships and technology.
Addressing Problems in the Healthcare Industry
Between 1997 and 2017, the cost of healthcare for the average Canadian family rose by nearly 70%. Perhaps even more troubling, approximately 15% of Canadians aged 12 and older don’t have a primary care physician, and nearly two-thirds (59%) of seniors are unable to get a same or next-day appointment.
What’s more, there is currently a shortage of primary care doctors and nurses. This shortage—especially in remote and rural communities—leads to clinician burn out and patients frustrated by long wait times. Newly licensed doctors are avoiding primary care because of these dynamics, which increases the pressure on an already stressed system.
Finally, in a 2017 report, the Canadian Centre for Health Economics found that 39% of Canadians who visited an ER indicated that they could have avoided the visit if they had better access to primary care.
Premier Health’s telemedical solutions address these very real, very costly problems. Doctors can be more widely available and patients can access the care they need without leaving their homes. Through this improved access, inefficiencies in the healthcare industry can be reduced or eliminated.
Ultimately, money—and lives—can be saved.
PHGI Gains 75% Over Last 30 Days
This time last month, PHGI shares were trading at $0.28. They’re currently worth $0.49, representing an amazing 75% increase in value.
The jump up the market coincides with the company’s announcement to acquire Livecare. Clearly, investors see the value in combining these companies’ telemedical resources.
“I’m really impressed with what this company is doing,” says Rich. “I think their revenue growth is going to be spectacular.”
What do you think? Is Premier Health the right company to disrupt the wasteful aspects of the healthcare industry? Let us know what you make of this company.
Featured image: DepositPhotos © gioiak2