LiveCare Inc. Commemorates Patient Acquisition Milestone and Entrance to Additional Market

Rhea-AI Summary

LiveCare Inc. (LVCE) reports significant growth in patient acquisitions, with a team expansion from 4 to 17 sales agents resulting in 52 new patients signed up in a single day. This translates to an estimated $7,800 in monthly revenue and brings the Company closer to profitability by March 2024. LiveCare's expansion into California and plans for licensure in several other states aim to provide telehealth solutions to millions of individuals in need of diabetic monitoring and counseling nationwide.

Venice, FL, USA, Jan. 16, 2024 (GLOBE NEWSWIRE) -- LiveCare Inc. (OTC:LVCE), a prominent leader in telehealth and remote patient monitoring, announces stellar patient growth and achievements by its patient acquisition team. Initiating its in-house patient acquisition program with just 4 veteran sales agents, LiveCare has now grown its team to 17 highly trained sales agents in three short months. On January 10, 2024, LiveCare recorded its single best day of patient acquisitions by signing up 52 new patients to the Company’s patient-centric service. The 52 new patients adds another $7,800 in monthly revenue assuming an average of $150 in billing per patient per month, or nearly $100,000 per annum.

This new milestone, combined with significant expansion in its service reach, means the Company now estimates nearing profitability sometime in March of 2024 as it builds its patient base. LiveCare Inc.'s expansion now includes California, opening an additional market of approximately 3 million people in need of LiveCare’s program. This adds to the markets of Florida, Ohio, Michigan, and Texas, allowing access to a combined market of approximately 9 million people in need of diabetic monitoring and counseling.

LiveCare is also actively working towards obtaining licensure in Georgia, North Carolina, New York, South Carolina, Illinois, and Pennsylvania, aiming to provide access to an additional estimated 6 million individuals in need of LiveCare’s telehealth solution. And finally, the Company is now implementing expanding into all remaining states as quickly as corporately possible to provide nation-wide help to people in need of the LiveCare solution.

Max Rockwell, CEO of LiveCare, comments: "LiveCare brought its patient acquisition strategy in-house to approach the market and potential patients in kind and caring manner, much the same way our health coaches work with our patients. We are offering a service that helps people 24 hours a day, seven days a week, when our patients are in need. Our success is a direct result of this and the hard work of our sales agents, health coaches, staff and management. By adding additional states, we hope to offer our solution nation-wide this year to every person in our country afflicted with the disease of diabetes who wants help.”

About LiveCare
LiveCare is a pioneer in telehealth and remote patient monitoring, committed to delivering superior healthcare services through innovative technology. With a focus on accessibility and efficiency, LiveCare is dedicated to improving patient outcomes and providing top-tier healthcare solutions.

Note: This press release contains forward-looking statements as defined by Section 21E of the Securities Exchange Act of 1934. These statements are based on current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about LiveCare. Actual results may vary materially.

Contact Information:
LIVECARE Phone: (800) 345-0491

FAQ

How many new patients did LiveCare sign up on January 10, 2024?

LiveCare signed up 52 new patients on January 10, 2024.

What is the estimated monthly revenue from the 52 new patients?

The estimated monthly revenue from the 52 new patients is $7,800.

When does LiveCare estimate to reach profitability?

LiveCare estimates nearing profitability sometime in March of 2024.

In which states is LiveCare currently operating?

LiveCare is currently operating in Florida, Ohio, Michigan, and Texas.

What is LiveCare's expansion plan for providing telehealth solutions?

LiveCare is working towards obtaining licensure in Georgia, North Carolina, New York, South Carolina, Illinois, and Pennsylvania, aiming to provide access to an additional estimated 6 million individuals in need of its telehealth solution.

Who is the CEO of LiveCare?

Max Rockwell is the CEO of LiveCare.