ISW Holdings Inc. (OTCMKTS: ISWH) recently launched their promising subsidiary, Telecare Home Health, LLC (“Telecare”), and joined the fast-expanding telehealth revolution. The Texas-centered operation includes ‘whole person’ home-based care and remote monitoring, which quickly became vital in senior care during the pandemic, and promises to stick around as a key part of the new care foundation now being laid.
New subsidiary receives green light
In early October, the State of Texas has issued the license to Telecare Home Health, LLC (“Telecare”), a subsidiary of ISWH. “Telehealth has become one of the most important growing innovations to emerge as a mainstream facet of the healthcare system over recent months, and we intend Telecare to become a key player in this narrative,” noted Alonzo Pierce, the president of ISW Holdings.
Medicine and wellness are not new to the company’s portfolio, as ISW Holding Inc. (OTCMKTS: ISWH) has already been testing different products and services, including PPH, an on-demand healthcare service bridging the gap between patients (mostly seniors) and providers. This project eventually became Telecare, which very well might end up as being the company’s prominent, flagship service.
Telemedicine and why it’s important
Concert shows with no crowds, presentations with a strictly online audience, sports events with only paper-figures replacing the cheering fans: The coronavirus outbreak initiated safety measures not simply brought social distancing and mask-wearing into our lives but also made a lot of events and services, we previously considered everyday things, more distant.
The global healthcare sector wasn’t under as much pressure as it is now, due to COVID-19, since World War II and it puts all players to the test. Many countries are under quarantine, or least to say, mobility is restricted. The United States of America has become the largest focal point in the pandemic (with India and Brazil approaching closely) with more than 7,637,066 cases and 214,615 deaths. As it is strictly not suggested for senior-aged people to go out, they are not able to gain access to ordinary healthcare services.
This is a once-in-a-lifetime opportunity for telemedicine companies, such as ISWH’s (OTCMKTS:ISWH) Telecare, to support patients with value-added services, and with it, get traction and win significant market share.
“Telecare’s platform is built from the ground up to key off of first responder care. Telecare will transform the healthcare experience by creating an ecosystem of coordinated action that minimizes superfluous steps to bring healthcare providers, care protocols, and home health caretakers into synchronized activity to minimize costs and deliver the highest standards of ‘whole person’ home-based care to a growing community in Texas.” – shared Pierce.
In 2020, there are numerous technologies that are innovating the way we think about healthcare as a whole. Telemedicine pioneers and utilizes these technologies in patient-doctor communication, diagnostics, and marketplaces connecting healthcare service providers with the demand side.
As telemedicine will pick up steam, companies like ISWH’s Telecare will be able to widen their client base, which is expected in the coming months. The company also allocates significant resources to coordinate between marketplace participants and achieve a state, in which all providers are therefore the patients at the right place and at the right time.
In Q1 and Q2 of 2020, during the first wave of coronavirus, more than 35% of US patients have met with their doctors online using virtual appointment techniques, such as video chat meetings. Telemedicine is, however, not brought to life by COVID-19, as it already had shown benefits before the pandemic. In early 2020, telehealth has already been used up to 33% more compared to the previous year, and the market is expected at a jaw-dropping $185.6 billion by 2026.
ISWH’s other legs
As Telecare’s work benefits both patients and healthcare service providers from hospitals to senior care experts, parent company ISW Holding Inc. (OTCMKTS: ISWH) validated record growth in the fourth consecutive quarter in Q2 2020. This significant growth is driven by not just health and wellness, but the holdings company’s recent partnership with Bit5ive, to jointly create value on the cryptocurrency mining market.
In addition to the above, ISWH Inc. has a strong and diverse portfolio including wellness products, renewal energy power supply, transportation software – all coming together as a well-connected network of high-profit investments. With the booming cryptocurrency and telemedicine markets, ISWH may look forward to exceeding the previously planned doubled revenue.
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