Well found Diamo!
Propeller health from memory was bought by Resmed for US$220 with circa US$7m revenue.
This document clearly outlines the case for Remote Patient Montitoing (RPM) and how it’s becoming even more straight forward to claim for reimbursement by the US CMS (center for Medicare ans Medicaid) as of Jan 2023.
seems to me RSH managment have been all over this for a long time and hence always saw the US as the place to really kick wheezo off.
No surprise 5 different health care groups have signed up wheezo and started to onboard patients a they clearly understand the role RPM will play going forward…
getting paid to provide some really important monitoring services by RSH is finally being recognised and is presumably the next shoe to drop. RsH won’t show any numbers of patients onboarded or revenue until they report the Jan- March Qtr 2023 in late April, but those that can see this traction before the numbers show in reports could do well.
They will start off very small from a zero base, I mean if a customer puts on 10-30 patients then just frowns that number incrementally each month then is imagine that’s how it progresses, but as they add more customers/hospitals then the cumulative numbers will grow.
nice sector to be in it seems - the future for RSH is so bright i need sunglasses
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