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Amesite Launches NurseMagic™ Pilot Programs with Five Healthcare Companies

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Amesite Inc. (NASDAQ: AMST) has launched NurseMagic™ pilot programs with five healthcare companies, collectively employing over 30,000 workers across 41 states in home care, hospice, and skilled nursing. The company estimates the app will significantly reduce costs and improve patient care. NurseMagic™ aims to make the healthcare workforce at least 30% more productive at less than 2% of wage costs.

The home healthcare sector, projected to grow from $100 billion to $176 billion by 2032, employs about 3.9 million U.S. workers with an annual growth rate of 21%. Amesite anticipates substantial quarter-to-quarter revenue increases from NurseMagic™. The app has already built a user base across all 50 U.S. states and six nations in just 8 weeks since its public launch.

Amesite Inc. (NASDAQ: AMST) ha lanciato i programmi pilota NurseMagic™ con cinque aziende sanitarie, che impiegano complessivamente oltre 30.000 lavoratori in 41 stati nel settore dell'assistenza domiciliare, dell'hospice e della cura specializzata. L'azienda stima che l'app ridurrà significativamente i costi e migliorerà la qualità dell'assistenza ai pazienti. NurseMagic™ si propone di rendere la forza lavoro nel settore sanitario almeno il 30% più produttiva a meno del 2% dei costi salariali.

Il settore dell'assistenza domiciliare è previsto crescere da 100 miliardi a 176 miliardi di dollari entro il 2032 e impiega circa 3,9 milioni di lavoratori negli Stati Uniti con un tasso di crescita annuale del 21%. Amesite prevede aumenti significativi delle entrate da un trimestre all'altro grazie a NurseMagic™. L'app ha già costruito una base di utenti in tutti i 50 stati americani e in sei nazioni in sole 8 settimane dal suo lancio pubblico.

Amesite Inc. (NASDAQ: AMST) ha lanzado programas piloto de NurseMagic™ con cinco empresas de atención médica, que emplean en conjunto a más de 30,000 trabajadores en 41 estados en el cuidado en el hogar, hospicios y enfermería especializada. La empresa estima que la aplicación reducirá significativamente los costos y mejorará la atención al paciente. NurseMagic™ tiene como objetivo hacer que la fuerza laboral en el sector de la salud sea al menos un 30% más productiva a menos del 2% de los costos salariales.

Se proyecta que el sector de la atención domiciliaria crecerá de 100 mil millones a 176 mil millones de dólares para 2032, empleando a aproximadamente 3.9 millones de trabajadores en EE.UU. con una tasa de crecimiento anual del 21%. Amesite anticipa aumentos sustanciales en los ingresos de un trimestre a otro gracias a NurseMagic™. La aplicación ya ha construido una base de usuarios en los 50 estados de EE.UU. y en seis naciones en solo 8 semanas desde su lanzamiento público.

Amesite Inc. (NASDAQ: AMST)는 홈케어, 호스피스 및 전문 간호 분야에서 3만 명 이상의 근로자를 고용하고 있는 5개 의료 기업과 함께 NurseMagic™ 파일럿 프로그램을 시작했습니다. 회사는 이 앱이 비용을 크게 줄이고 환자 치료를 개선할 것이라고 예상하고 있습니다. NurseMagic™는 의료 인력을 최소 30% 더 생산적으로 만들면서 급여 비용의 2% 미만으로 운영될 수 있도록 하는 것을 목표로 하고 있습니다.

홈 헬스케어 부문은 2032년까지 1천억 달러에서 1천7백76억 달러로 성장할 것으로 예상되며, 약 390만 명의 미국 근로자를 고용하고 있고 연간 21%의 성장률을 보이고 있습니다. Amesite는 NurseMagic™ 덕분에 분기별로 상당한 수익 증가를 기대하고 있습니다. 이 앱은 공개 출시 이후 단 8주 만에 미국의 50개 주와 6개 국가에서 사용자 기반을 구축했습니다.

Amesite Inc. (NASDAQ: AMST) a lancé des programmes pilotes NurseMagic™ avec cinq entreprises de soins de santé, employant collectivement plus de 30 000 travailleurs dans 41 états dans les domaines des soins à domicile, des soins palliatifs et des soins infirmiers spécialisés. L'entreprise estime que l'application réduira considérablement les coûts et améliorera les soins aux patients. NurseMagic™ vise à rendre la main-d'œuvre de la santé au moins 30 % plus productive à moins de 2 % des coûts salariaux.

Le secteur des soins à domicile devrait passer de 100 milliards de dollars à 176 milliards de dollars d'ici 2032, employant environ 3,9 millions de travailleurs aux États-Unis avec un taux de croissance annuel de 21 %. Amesite prévoit des augmentations importantes des revenus d'un trimestre à l'autre grâce à NurseMagic™. L'application a déjà constitué une base d'utilisateurs dans les 50 états américains et six pays en seulement 8 semaines depuis son lancement public.

Amesite Inc. (NASDAQ: AMST) hat NurseMagic™ Pilotprojekte mit fünf Gesundheitsunternehmen ins Leben gerufen, die zusammen über 30.000 Mitarbeiter in 41 Bundesstaaten in der häuslichen Pflege, Hospiz und Fachpflege beschäftigen. Das Unternehmen schätzt, dass die App die Kosten erheblich senken und die Patientenversorgung verbessern wird. NurseMagic™ zielt darauf ab, die Produktivität der Arbeitskräfte im Gesundheitswesen um mindestens 30% zu steigern, bei weniger als 2% der Lohnkosten.

Der Markt für häusliche Gesundheitsversorgung wird voraussichtlich von 100 Milliarden auf 176 Milliarden US-Dollar bis 2032 wachsen und beschäftigt etwa 3,9 Millionen Arbeitskräfte in den USA mit einer jährlichen Wachstumsrate von 21%. Amesite erwartet bedeutende Umsatzsteigerungen von Quartal zu Quartal durch NurseMagic™. Die App hat bereits in nur 8 Wochen seit ihrem öffentlichen Start eine Nutzerbasis in allen 50 Bundesstaaten der USA und in sechs Ländern aufgebaut.

Positive
  • NurseMagic™ pilot programs launched with five healthcare companies, potentially reaching over 30,000 employees
  • Estimated 30% increase in workforce productivity at less than 2% of wage costs
  • Rapid user base expansion across all 50 U.S. states and six nations in 8 weeks
  • 93% accuracy achieved in answering model NCLEX questions
  • Potential for significant quarter-to-quarter revenue increases
Negative
  • None.

Insights

The launch of NurseMagic™ pilot programs marks a significant development in the healthcare technology sector. With five healthcare companies collectively employing over 30,000 staff across 41 states, this rollout has substantial reach. The app's potential to increase workforce productivity by 30% while improving patient care quality is a game-changer.

The home healthcare market, projected to grow from $100 billion to $176 billion by 2032, presents a massive opportunity. If NurseMagic™ can capture even a small fraction of this market, it could translate to substantial revenue for Amesite. The claim that the app can deliver significant benefits for less than 2% of wage costs is particularly compelling, suggesting a strong value proposition for healthcare providers struggling with staffing issues and operational efficiency.

However, the success of NurseMagic™ will depend on its ability to deliver on its promises consistently across diverse healthcare settings. The pilot program's outcomes will be important in determining the app's real-world effectiveness and potential for widespread adoption.

Amesite's NurseMagic™ launch could be a significant revenue driver for the company. With the home healthcare market projected to reach $176 billion by 2032 and a workforce of 3.9 million growing at 21% annually, the addressable market is substantial. If Amesite can capture even a small percentage of the estimated $130 billion annual wages in this sector, it could lead to considerable revenue growth.

The company's claim of potential "very significant quarter to quarter revenue increases" is noteworthy. However, investors should approach this optimism cautiously, as the success of the pilot programs and subsequent adoption rates will be critical. The 30% productivity improvement claim, if proven, could be a strong selling point.

While the potential is promising, it's important to note that Amesite is still in the early stages of commercialization. The company's ability to scale operations, manage costs and maintain high margins while rapidly expanding will be key factors to watch. Investors should closely monitor the outcomes of these pilot programs and subsequent customer acquisition rates in the coming quarters.

NurseMagic™'s reported 93% accuracy in answering model NCLEX questions is impressive, showcasing the potential of AI in healthcare education and support. This level of accuracy, if maintained in real-world applications, could significantly enhance the quality of care and reduce errors in nursing practice.

The app's rapid adoption across all 50 U.S. states and 6 nations in just 8 weeks indicates strong market demand and effective user experience design. However, it's important to consider the long-term performance and reliability of the AI system, especially as it scales to handle more users and diverse healthcare scenarios.

The use of "qualified data sources" is a key strength, potentially mitigating risks associated with AI-generated content in healthcare. However, continuous monitoring and updating of the AI model will be essential to maintain accuracy and relevance, especially given the rapidly evolving nature of medical knowledge and practices. The success of NurseMagic™ could pave the way for similar AI applications in other healthcare specialties, potentially revolutionizing medical education and practice support tools.

Participants Collectively Employ over 30,000 Across 41 States in Home Care, Hospice and Skilled Nursing. Company Estimates App Will Dramatically Reduce Costs and Improve Patient Care

DETROIT, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced today the launch of pilot programs in five (5) home health agencies and skilled nursing facilities across the U.S. Collectively, these companies and their franchisees have over 30,000 employees, ranging in professions from clinical officers, CMPs, CNSs, NPs, RNs, Pediatric RNs, PTs, OTs, LVNs/LPNs, CNAs, NAs, Home Care Nurses, HHAs and caregivers.

NurseMagic™’s five pilot customers provide skilled nursing, hospice care services and home healthcare. The largest of the represented segments, home healthcare, is an enormous and growing sector projected to grow from $100 billion to over $176 billion by the year 2032. In 2023, home health care employed about 3.9 million U.S. workers. This workforce is growing at an impressive annual rate of 21%. Collectively, estimated wages for this workforce are in excess of $130 Billion / year. As of 2021, there were about 15,000 skilled nursing facilities and 11,000 home health agencies in the U.S.

Amesite Founder and CEO, Dr. Ann Marie Sastry, said, “We anticipate very significant quarter to quarter revenue increases with NurseMagic™. For less than 2% of the cost of wages, our technology can make this entire workforce at least 30% more productive, while simultaneously improving the quality of patient care. Considering the total wages in this sector are approximately $130 Billion annually, we view the revenue potential for Amesite to be significant.”

Sastry continued, “We also believe that our customers’ risk will be reduced because of the quality and accuracy of the app in delivering requisite documentation and other guidance. Because of the efficiency of our systems, we believe that we can do so at highly attractive margins that enable sustained growth. The need for NurseMagic™ is acute with high turnover, staffing shortages and unmet needs in home health care. We are addressing market pain directly with our proprietary technology.”

VP of Sales, Brandon Owens, said, “The legitimacy and excellent performance of the app underpins our early success with these enterprise engagements, along with years of experience working in the very challenging academic sector. Our proprietary technology uses only qualified data sources and has demonstrated speed, accuracy and reliability. Feedback from customers has been extremely positive, and organizations have been eager to work with us once they see the capabilities.”

Corporate Operations and Marketing Manager, Madison Bush, said, “The strongly positive response of nurse influencers has helped us build a social media following of over 20,000 in just a few months and has enabled us to dramatically expand our user base. We are thrilled that the response from enterprise customers, who can bring us many thousands of users with each successive agreement, has been similarly enthusiastic. We are extremely excited to build our outreach and relationships at a much larger scale, leveraging the fast progress we have demonstrated with our B2C marketing.”

In just 8 weeks since the public launch of the app, NurseMagic™ built usership across all fifty (50) U.S. states and six (6) nations. Weeks earlier, the company announced NurseMagic™ technology had achieved 93% accuracy in answering model NCLEX questions.

A short video explaining the app’s capabilities can be found at www.nursemagic.ai.

About Amesite Inc.

Amesite Inc. (Nasdaq: AMST) is a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, including its higher ed platform that offers professional learning. Leveraging its proprietary AI infrastructure, Amesite offers cutting-edge applications that cater to both individual and professional needs. NurseMagic™, the company’s mobile healthcare app, streamlines creation of nursing notes and documentation tasks, enhances patient communication, and offers personalized guidance to nurses on patient care, medications, and handling challenging workplace situations. The Preacto™ (beta) is a personal safety application designed to provide real-time alerts and guidance in the event of emergency situations, including active shooter incidents.

Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “plan,” “believe,” “intend,” “look forward,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:

MJ Clyburn
TraDigital IR
clyburn@tradigitalir.com

SOURCES

https://www.bls.gov/ooh/healthcare/home-health-aides-and-personal-care-aides.htm#:~:text=Employment%20of%20home%20health%20and,on%20average%2C%20over%20the%20decade

https://www.statista.com/statistics/195317/number-of-medicare-skilled-nursing-facilities-in-the-us/

https://www.statista.com/statistics/195318/number-of-medicare-home-health-agencies-in-the-us/

https://www.fortunebusinessinsights.com/u-s-home-healthcare-services-market-105568

https://www.bls.gov/oes/current/oes311120.htm


FAQ

What is the projected growth of the home healthcare sector by 2032 according to Amesite's press release?

According to Amesite's press release, the home healthcare sector is projected to grow from $100 billion to over $176 billion by the year 2032.

How many healthcare companies are participating in Amesite's NurseMagic™ pilot programs?

Amesite (NASDAQ: AMST) has launched NurseMagic™ pilot programs with five healthcare companies, including home health agencies and skilled nursing facilities across the U.S.

What is the estimated productivity increase for healthcare workers using NurseMagic™?

Amesite estimates that NurseMagic™ can make the healthcare workforce at least 30% more productive while costing less than 2% of wages.

How quickly did NurseMagic™ expand its user base after the public launch?

In just 8 weeks since its public launch, NurseMagic™ built a user base across all fifty (50) U.S. states and six (6) nations.

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