WANDA signs contract with HRS

RNS Number : 6412K

NetScientific PLC

04 January 2016

 

NetScientific plc

WANDA signs contract with leading US home nursing and therapy service provider, HRS, to provide better care for patients with chronic conditions

London, UK - 4 January 2016 - NetScientific plc ("NetScientific" or the "Group", AIM: NSCI), the transatlantic biomedical and healthcare technology group, announces that portfolio company, WANDA Inc. has signed a new contract with leading US high-tech home nursing and therapy services group, Health Resource Solutions ('HRS'). The deal enables HRS to use WANDA's chronic condition digital management platform to provide improved at home care to its patients.

WANDA's technology interacts with patients living with chronic conditions to intelligently detect vital sign and symptom information. Proven machine-learning techniques analyse each patient's information to enable them to better manage their health with easy-to-use digital tools. WANDA also provides clinicians with advanced decision support and collaboration tools, resulting in interventions to reduce expensive escalations and hospitalisations.

HRS is one of the most innovative and highly regarded home health agencies in the Chicago region and typically looks after over 1000 patients per month at any one time. HRS is certified by the Center for Medicare and Medicaid Services, the Community Health Accreditation Program and by the Illinois Department of Public Health to actively monitor and assist patients with chronic disease to give them a higher quality of life at home rather than being in a high acuity hospital setting. Wanda Health's solution will be used with some of HRS's congestive heart failure (CHF) and chronic obstructive pulmonary disease (COPD) patients.

The contract has been made directly with WANDA, and the first patients are expected to start using the platform and be billed on a monthly basis in the first quarter of 2016.

Francois Martelet, Group CEO of NetScientific, commented:

"WANDA is a leading portfolio company for NetScientific and our digital health franchise. Being selected by one of the leading high-tech home nursing and therapy services group in the US is an excellent endorsement of the potential WANDA's technology has to help improve people's lives by enabling them to stay at home and take more control to better manage their chronic conditions. "

- Ends -

Contact Details

NetScientific François R. Martelet, M.D., CEO Peter Thoms, CFO	Tel: [phone]
Investec (NOMAD and broker) Gary Clarence / Daniel Adams	Tel: [phone]
Instinctif Partners Melanie Toyne-Sewell / Jayne Crook / Rosanna Forrest	Tel: [phone] Email: [e-mail]

About NetScientific

NetScientific is a biomedical and healthcare technology group that funds and develops technologies that offer transformative benefits to people's lives and society through improved diagnosis, prognosis and treatment.

For more information, please visit the website at www.netscientific.net. 

About Health Resource Solutions

HRS is a privately owned home health agency servicing 11 counties in Illinois.  HRS is licensed by the Illinois Department of Public Health, certified by the Center for Medicare and Medicaid Services (CMS) and accredited by the Community Health Accreditation Program, Inc. (CHAP).  The purpose of HRS is to provide the best value in healthcare.  We educate our clinical team to be the best practitioners.  We combine our best practitioners with best practices to realize the best outcome.  We also believe that utilizing technology to increase patient engagement combined with human touch will bring a better solution to home health care.  More information about HRS can be found www.healthrs.net

About WANDA, Inc.

WANDA, Inc. supports efforts to improve the lives of those with chronic conditions by aiding decision making to help avoid costly adverse events through the use of proven machine intelligence and configurable medical rules. The company's advanced software accepts and immediately analyzes data from various remote devices and other data sources. WANDA is then able to recommend interventions and ultimately improve lives through better outcomes. Its real-time automated risk analysis gives care managers the prioritized visual guidance they need - relieving them of mundane data scanning while also lowering cost structures through more efficient use of care team resources and fewer hospital admissions among high-risk populations. More information about WANDA can be found at www.wandahealth.com

 

END

 

 

CNTGGGDBDBGBGLS