Amesite Inc Stock Price, News & Analysis

Amesite (NASDAQ: AMST) announced that its AI-powered app NurseMagic™ is now available for direct consumer subscriptions, following its successful enterprise launch. The app has experienced strong user growth, supporting professionals from 87 professions across 50 states and 21 countries. NurseMagic™ assists healthcare professionals with various tasks including documentation, patient communication, and technical support.

The app has built a community of over 32,000 followers across social media channels and now meets HIPAA regulatory requirements. The company is marketing the enterprise version to major U.S. home health and home care businesses, positioning NurseMagic™ to generate revenue from both enterprise and consumer sales.

Amesite (NASDAQ: AMST) announced that its NurseMagic™ app now meets HIPAA requirements, targeting the $330 billion home health and home care industries. The AI-powered platform, launched six months ago, is currently used by over 27 different professions, providing on-the-job assistance to care provider management and frontline staff.

The company implemented comprehensive security measures including secure development practices, strict access controls, automated monitoring, and employee training. NurseMagic™'s AI technology has demonstrated strong performance, achieving 93% accuracy on NCLEX model questions and 91% accuracy on the USMLE, surpassing the average doctor's pass rate of 76%.

Amesite Inc. (NASDAQ: AMST) announces revenue generation in the home care market through AI-driven solutions. The company targets a market of 33,000 home care and hospice organizations across the U.S., addressing critical challenges including staff turnover and operational costs. With approximately 77% of home care clients being turned away due to workforce limitations, Amesite's AI platform aims to enhance workflow efficiency and support employee retention. The company reports successful pilot agreements with independently-owned agencies and franchisees, claiming to deliver a 15X ROI. The solution targets a growing market as the U.S. elderly population expands, with Alzheimer's cases projected to rise from 6 million to over 13 million by 2050.

Amesite (NASDAQ: AMST) announced that its Founder and CEO, Dr. Ann Marie Sastry, spoke at the Lesher Foundation's Newsmakers Series on October 24, 2024. During her presentation, Dr. Sastry discussed AI's impact on healthcare, highlighting the potential market of 5.2 million RNs and 3.9 million caregivers. She emphasized that AI technology can now pass the U.S. Medical License Exam and argued it would be 'unethical not to use AI' in healthcare. Key topics included AI as a tool for enhancing human capabilities, its impact on job automation, the need for rapid business adoption, and ethical considerations.

Amesite Inc. (NASDAQ: AMST) announced the availability of its NurseMagic™ app on both the App Store and Google Play Store. The app, which uses AI to assist nurses and caregivers, has quickly gained popularity, reaching #33 in free medical/healthcare app tools on the App Store. NurseMagic™ has users in all 50 US states and 6 countries, targeting over 5.2 million registered nurses and 3.9 million home health care staff in the US.

The app aims to reduce documentation time, which can consume up to 40% of nurses' on-the-job time. It offers assistance in creating various reports, improving patient communication, and enhancing overall job performance. Amesite has also launched pilot programs with five home health agencies and skilled nursing facilities, collectively employing over 30,000 staff members.

Amesite Inc. (NASDAQ: AMST), an AI-driven solutions company, has announced the release of a video shareholder update on September 17, 2024, at 9:00 am ET. The update, accessible on the company's website, will feature CEO Dr. Ann Marie Sastry discussing key aspects of Amesite's business:

1. Progress on the newly introduced B2C app, NurseMagicTM
2. B2C and B2B offerings and anticipated revenues
3. Company infrastructure and ability to scale users
4. Financial standing

This update aims to provide shareholders with insights into Amesite's recent developments and future prospects in the AI-driven solutions market.

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) reported a 27% increase in users for its NurseMagic™ app following social media promotions by influencer Nurse Hailey. The app debuted in the App Store, ranking #33 in the medical category for free tools. This growth comes after engagements with other influencers like Paige Slayton and Nurse Cynesse, who highlighted the app's capabilities in improving charting and documentation.

Madison Bush, Corporate Operations and Marketing Manager, emphasized the impact of influencer marketing and the app's utility. CEO Dr. Ann Marie Sastry noted the app's potential beyond its initial target of 5.2 million U.S. nurses, extending to over 3.9 million home health care professionals. NurseMagic™ has gained users from all 50 U.S. states and 6 nations within 8 weeks of its public launch, demonstrating strong market reception for Amesite's proprietary technology.

Amesite Inc. (NASDAQ: AMST) has signed a 5-year agreement with Maricopa Corporate College (MCOR) to provide professional learning programs. MCOR is part of the Maricopa County Community College District (MCCCD), one of the largest community college systems in the U.S. This marks Amesite's 7th college deal for its LCE platform, now spanning seven states and reaching over 200,000 learners annually.

The partnership aims to leverage Amesite's AI-powered solutions for workforce training and non-credit learning opportunities. MCCCD, Arizona's largest workforce developer, enrolls over 140,000 students annually and contributes $7.9 billion to Arizona's economy. Amesite's no-fee setup and ability to deliver low-cost, easily deployable programs were key factors in securing the deal.