VSee Health, Inc. - VSEE STOCK NEWS

VSee Health (Nasdaq: VSEE), a leader in telehealth solutions, has secured a teleradiology contract with a major post-acute care hospital system in the U.S. This partnership will launch in Q1 of 2025 and initially cover three hospital locations, potentially generating $1.5 million in annual recurring revenue. The contract will renew automatically each year.

The collaboration aims to improve diagnostic accuracy, accelerate imaging turnaround times, and enhance patient outcomes with 24/7 radiology interpretations. VSee's teleradiology solutions offer real-time, remote interpretation of X-rays, MRIs, and CT scans, reducing delays in diagnosis and treatment. The technology also provides flexibility for radiologists, enabling them to work from any location without disrupting workflows.

VSee's customizable cloud clinic integrates with existing systems, facilitating consultations, second opinions, and real-time collaboration with specialists. Dr. Imo Aisiku, Co-CEO and Chairman of VSee Health, highlighted the partnership as a testament to VSee's scalable telehealth solutions.

The U.S. teleradiology market is expected to grow rapidly due to rising demand for timely diagnostics and increased telemedicine adoption in post-acute care settings, reinforcing VSee's leadership in modernizing healthcare delivery.

VSee Health (NASDAQ: VSEE) has secured a national group purchasing agreement with Premier, Inc. for teleradiology services, effective September 1, 2024. The agreement offers Premier members special pricing and terms for VSee's teleradiology solutions. VSee's services utilize high-definition video and advanced image-sharing technology to enable remote interpretation of medical imaging.

The agreement comes amid significant growth in the teleradiology market, part of the global radiology sector valued at $30.0 billion in 2023 and projected to reach $48.5 billion by 2031, with a CAGR of 6.20%. Premier serves two-thirds of U.S. healthcare providers, positioning VSee Health to expand its market presence in teleradiology services.

VSee Health (VSEE) has partnered with Tele911 to address emergency room overcrowding and EMS staffing challenges. Tele911's solution diverts low acuity 911 calls through telemedicine consultations with board-certified emergency physicians. The partnership leverages VSee Health's telehealth platform to enhance Tele911's operations, which currently serves over 7 million lives across 17 locations in four states.

The collaboration has demonstrated significant impact, saving $28.8 million in healthcare costs from less than 10,000 consultations. Tele911 delivers care in approximately 40 seconds and aims to reach over 10 million lives by the end of 2025. The partnership will enable Tele911 to onboard over 300 new fire and EMS agencies using VSee Health's HIPAA-compliant technology.

VSee Health (VSEE) has partnered with AbundaBox to launch AbundaLife™, a comprehensive health record management platform. The solution consolidates personal health data into a single secure profile, addressing fragmented medical records challenges. Priced at $34 per year per patient, the platform has already secured eight healthcare facilities in its initial rollout.

AbundaLife integrates medical records, lab results, prescriptions, and immunizations, offering improved care coordination, personalized treatment options, and simplified health management. The platform leverages VSee Health's AI telehealth technology to provide telehealth support, clinical reviews, and billing services.

VSee Health (Nasdaq:VSEE) was featured on Bloomberg TV's RedChip Small Stocks, Big Money show. In the interview, co-CEO Imo Aisiku discussed the company's position in the $787 billion telehealth market. VSee's AI telehealth platform processes over 1.5M HIPAA-compliant video encounters monthly and has been deployed in over 50 countries. The company serves major clients including NASA, US Department of Health and Human Services, McKesson, Magellan, DaVita, GE, and Qatar's healthcare system.

VSee Health (Nasdaq: VSEE) invites investors to a webinar on December 3, 2024, at 4:15 p.m. ET. Hosted by RedChip Companies, the event will feature co-CEOs Imo Aisiku, MD, and Milton Chen, Ph.D., showcasing VSee's AI telehealth solutions that enhance access to quality healthcare globally. The presentation will cover VSee's innovative AI telehealth building blocks, which include fast customization, enterprise scalability, and robust security. The co-CEOs will discuss VSee's journey as a newly public company, highlight its telehealth infrastructure approach, and outline key growth strategies, including recent partnerships and initiatives. A live Q&A session will follow. Register here.

VSee Health (Nasdaq: VSEE) and The TeleDentists have partnered to launch the first virtual oral health compliance service on the PointClickCare Marketplace. The integration provides 24/7/365 on-demand licensed dentists to assist long-term care facilities in meeting CMS oral health care requirements. The service addresses a critical need, as 84% of dependent long-term care residents don't receive necessary dental care due to mobility issues, understaffing, and transportation challenges. The solution enables automatic documentation syncing with PointClickCare's platform, reducing administrative burden while improving care coordination.

VSee Health (NASDAQ: VSEE), Health Tech Without Borders (HTWB), and iDocta are expanding their Project VITAL Africa telehealth pilots in Cameroon, following their commitment at the Clinton Global Initiative 2023. The initiative aims to strengthen healthcare systems in conflict-affected regions through telehealth technology and training. Two pilot programs were launched in Yaoundé in early 2024 using VSee Health's platform. The project is now expanding to include more clinicians and technical experts, enhancing services like telehealth, home visits, and pharmacy requests. The initiative targets regions where over 30 million people need humanitarian and mental health support, particularly addressing areas with high maternal mortality rates.

VSee Health (VSEE) reported Q3 2024 revenue of $3.4 million, up 131% year-over-year. Nine-month revenue reached $6.6 million, a 51% increase from 2023. The company secured key partnerships, including Seven Corners Correctional Health and SkywardRx, while launching innovative programs like Aimee virtual healthcare and GLP-1 telehealth. However, the company recorded a significant net loss of $51.8 million in Q3 2024, primarily due to one-time goodwill impairment charges of $55.0 million. Cash position stood at $2.3 million as of September 30, 2024.