ISW Holdings Inc (OTCMKTS:ISWH) Moving Strong With Telehealth Operations
We’ve talked about this before. ISW Holdings Inc (OTCMKTS: ISWH) is one of the stocks that has been overlooked in its development. ISWH has already shown the world its rapid topline growth development in its home and healthcare operations.
The last five quarters have also demonstrated sequential growth for ISWH holdings. The most recent ISWH holdings’ revenues showed a growth of around $250k with an annual growth of 79% and 244% for the first quarter of the year. The stock has established a long string of double-digit sequential quarterly topline gains as well.
The Way Forward
From an analytical perspective, the world is undergoing a rapid series of changes, and there is a high likelihood that telehealth might be the next big thing to help change the world. ISW Holdings is an interesting small-cap stock trading in the OTC market. The stock just recently announced the licensed commercial birth of its telehealth subsidiary known as Telecare.
The new telehealth subsidiary has gone ahead to make waves in the industry, and their venture is only dependent on Texas’s state for its growth context over the next two quarters. There have also been reports that the state is gearing itself up to become the pioneer in pushing telehealth adoption through a parity payoff incentive that hasn’t seen the same level of support elsewhere. Similar measures in the state of Ohio were rejected.
Telecare is currently a Texas-based home healthcare operation that uses digitally coordinated care management systems to bring into synchrony home-based patient care. The telecare option removes unnecessary costs, inconvenience, excessive social contact, and unnecessary delays for the post-COVID healthcare world. It is expected that telehealth will continue to define the new world for quite a long time to come.
In his statement, the chairman and president of ISW Holdings acknowledged that telehealth has grown to become the most massive technological innovations of its time. The platform is built from the ground up to key off first responder care. The president also claimed that Telecare would be working to transform the health care experience by bringing in a coordinated action, minimizing the steps it takes to bring forward healthcare providers, and care protocols which will also prove instrumental in minimizing costs and helping to deliver the highest standards of Home-based care to a growing community in Texas.
He also said that the telecare referral process is fully electronic, with provider referrals opening a client relationship, logging all consents, coordinating care with their providers, and assigning a home health caretaker. All these steps can be completed electronically, and within 12 hours, an on-site assessment is carried out with full care services initiating within 24 hours.
Texas Aiding Telehealth
The growth of telehealth is accompanied by support from the state of Texas. The state plans to reimburse for telehealth services at the same rate at which it reimburses for in-person care throughout the end of the year.
Since the COVID-19 outbreak, Texas has worked on expanding its telehealth options and availability to help Texans continue to access the health care services they require. There has also been a record surge in the number of people opting for telehealth facilities, and the new agreement with Texas network health insurers will further encourage individuals to keep using telehealth options where possible. Telecare is also planning to take its operations to the next level by expanding its service to additional states over the next couple of months.
There are also looming prospects of a steady fight between private health insurers and private care providers where the health plans want the reimbursement rates to drop for telehealth care. The reason for this is because telehealth, in theory, should be less costly to manage. However, advocates for telehealth growth argue that there needs to be a sufficient enough incentive to facilitate the telehealth sector’s rapid growth. Like high reimbursement rates, an increased incentive influences behavior that can promote the development of the sector.
The governor’s move aims to attract private insurers, some of them have already exhibited a willingness to expand telehealth coverage while most are still exploring the opportunities and potential for telehealth.
Telehealth usage among adults has been climbing significantly, and according to a survey by civic science, the number of participants that stated having tried telehealth jumped from 11% to 17%. Telehealth is attached to a theme that speaks to a next-generation world that we are entering, facilitated by the dramatic shifts brought about by society’s crisis adjustments.
This article is part of JournalTranscript.com Networks. Read the JournalTranscript.com Networks Disclaimer.
Published at Thu, 08 Oct 2020 07:19:42 +0000