
CVE:RHT
It is almost AI, but it is a healthcare company. There are pretty big cost savings for governments here. There is a real business here and they now need to execute. They just did a bunch of equity raises. This should be the end of the share dilution. They have a nice cash balance behind them. It is high risk, however.
This company has software as a service they provide. They link up several medical monitoring devices so it can be monitored by a medical doctor or family. The company has done pilot projects, which have been successful. They are now signing up health authorities. They are signing up about 2000 patients per month. The company wants to be at 30,000 patients by year end, he says. He would add further to his position on a pull-back. Yield 0%. (Analysts’ price target is $3 )
A software company that does virtual wards for patients, where they have sensors around the house reminding patients of things they’re supposed to do. Signed 2 large contracts in the US recently and just signed another one yesterday, and have about 48,000 patients in their pipeline. This saves insurers a lot of money, because instead of having to call somebody up, the sensors do it for them.
Has a monitoring software that ties into a number of different hardware units. For someone sent home from the hospital, it has the ability to monitor from the home. They have an Alexa type, voice activated monitoring system to remind them to follow procedures. This data is transmitted back to the healthcare team or the family in real time, so they know how your health is doing all the time. It’s supposed to cut down on readmissions. As opposed to selling units to every individual, the company has gone to the health authorities and they basically sell on a long-term contract. Have targeted the US to start with. They are in the process where they are starting to ramp up and hope to be cash flow positive in early 2018. Has a $55 million market cap right now, so there is tons of room to run.
They have an automated system to monitor people released from hospital. They provide the software. It allows reporting back to the patient, family, caregivers or health team. They will be profitable late this year or next. They are signing on health authorities into pilot programs and then into long term contracts. It is the health authority’s job to sell the products.
He recommended this back in December and it has done extremely well. The company produces health monitoring devices to remind people to take medication at home. They have 50,000 patients under contract and rolling out at 2000-3000 per month. Yield 0%. (Analysts’ price target is $3.00 )