LiveCare Inc. (OTCMKTS: LVCE) Experiences Unprecedented Growth and Technological Advancements Post-Revamp

Rhea-AI Summary

LiveCare Inc. (LVCE) reports significant growth in patient acquisition and recurring monthly revenue, showcasing a 166% increase in revenue in just three months. The company's strategic overhaul in 2023 has propelled its position in the Telehealth sector, with a surge in patient engagement and membership doubling to approximately 5,100 patients. LiveCare Inc. is on track to become cash flow positive and profitable soon, setting new standards in Telehealth delivery and innovation.

Venice, FL, USA, March 19, 2024 (GLOBE NEWSWIRE) -- LiveCare Inc. (OTCMKTS: LVCE), a pioneering force in the Telehealth sector, announces remarkable strides in patient acquisition and recurring monthly revenue growth, marking a significant milestone since the company’s strategic overhaul in 2023. This transformation has not only bolstered LiveCare Inc.’s position in the Telehealth industry but also underscored its commitment to helping people and saving lives while enhancing patient care through innovative technology and its 24/7 live monitoring.

Since the revamp, LiveCare Inc. has experienced a surge in patient engagement, with an impressive 2,500 new patients, since starting its own in-house sales initiative. These patients are entrusting their chronic healthcare needs to LiveCare’s cutting-edge program with 24/7 access to live, caring professionals. This increase in patient acquisition reflects the company’s unwavering dedication to accessibility, efficiency, and quality care as evidenced by growing patient membership from around 2,600 in October 2023, to approximately 5,100 patients today.

In addition to patient growth, LiveCare Inc. has reported a substantial increase in recurring monthly revenue, expected at over $500,000 this month versus $313,000 for December 2023’s billing showing 166% increase in three short months. This financial achievement is a testament to the company’s successful business model and its transition to becoming cash flow positive and profitable expected soon. LiveCare Inc. is setting new standards in the Telehealth industry, demonstrating that it is on a clear path to becoming a leading name in healthcare innovation.

“Since our strategic revamp in October 2023, LiveCare Inc. has been on an upward trajectory, helping people, saving the lives of loved ones and continually enhancing our technology to meet the evolving needs of our patients,” stated Max Rockwell, CEO of LiveCare Inc. “Our growth in patient acquisition and recurring revenue not only highlights our drive for financial stability but also our potential to revolutionize Telehealth delivery. We are setting the record straight - LiveCare Inc. is not just a company, but a beacon of hope for the future of Telehealth.”

The success of LiveCare Inc. can be attributed to its relentless pursuit of technological innovation and patient-centric care around its 24/7 live monitoring. The company’s proprietary technology has been instrumental in streamlining Telehealth processes, enabling real-time patient monitoring, and providing immediate access to medical professionals. This has significantly improved patient outcomes and satisfaction, reinforcing LiveCare’s mission to make healthcare accessible and efficient for everyone.

Looking ahead, LiveCare Inc. remains committed to its mission of helping its patients, saving lives and is poised for continued growth. With a solid foundation of technological advancements, a robust business model, and a clear vision for the future, LiveCare Inc. is on its way to achieving unprecedented success in the Telehealth landscape.

About LiveCare Inc.

LiveCare Inc. (OTCMKTS: LVCE) is a leading Telehealth company dedicated to transforming patient care through innovative technology and personalized 24/7 support. With a focus on accessibility, efficiency, and quality care, LiveCare Inc. provides a comprehensive platform for real-time patient monitoring, immediate access to healthcare professionals, and personalized healthcare solutions. Committed to saving lives and improving patient outcomes, LiveCare Inc. is setting new standards in healthcare delivery.

For more information about LiveCare Inc., please visit:
https://www.LiveCarehealth.com/investors

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate", "Projection", or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of LiveCare Inc. Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company's filings with the U.S. Securities and Exchange Commission. Although LiveCare Inc believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by LiveCare Inc or any other person that their objectives or plans will be achieved. LiveCare Inc does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information:
LIVECARE Phone: (800) 345-0491
LiveCare Website: https://www.LiveCarehealth.com/investors

FAQ

What is LiveCare Inc.'s (LVCE) recent achievement in terms of revenue growth?

LiveCare Inc. has reported a substantial increase in recurring monthly revenue, expected at over $500,000 this month versus $313,000 for December 2023's billing, showing a 166% increase in three months.

How many new patients has LiveCare Inc. (LVCE) acquired since its strategic overhaul in 2023?

LiveCare Inc. has acquired 2,500 new patients since starting its own in-house sales initiative, doubling its patient membership to around 5,100 patients.

What has been LiveCare Inc.'s (LVCE) approach to enhancing patient care and technology?

LiveCare Inc. has focused on innovative technology and 24/7 live monitoring to improve patient outcomes and satisfaction, with real-time patient monitoring and immediate access to medical professionals.

What has been LiveCare Inc.'s (LVCE) CEO, Max Rockwell's, statement regarding the company's growth?

Max Rockwell, CEO of LiveCare Inc., highlighted the company's drive for financial stability, potential to revolutionize Telehealth delivery, and its mission of helping people and saving lives.

What does LiveCare Inc. (LVCE) attribute its success to?

LiveCare Inc. attributes its success to technological innovation, patient-centric care, and its proprietary technology enabling real-time patient monitoring and immediate access to medical professionals.