London, UK – 4 January 2016 – NetScientific plc (“NetScientific” or the “Group”, AIM: NSCI), the transatlantic biomedical and healthcare technology group, announces that portfolio company, WANDA Inc. has signed a new contract with leading US high-tech home nursing and therapy services group, Health Resource Solutions (‘HRS’). The deal enables HRS to use WANDA’s chronic condition digital management platform to provide improved at home care to its patients.
WANDA’s technology interacts with patients living with chronic conditions to intelligently detect vital sign and symptom information. Proven machine-learning techniques analyse each patient’s information to enable them to better manage their health with easy-to-use digital tools. WANDA also provides clinicians with advanced decision support and collaboration tools, resulting in interventions to reduce expensive escalations and hospitalisations.
HRS is one of the most innovative and highly regarded home health agencies in the Chicago region and typically looks after over 1000 patients per month at any one time. HRS is certified by the Center for Medicare and Medicaid Services, the Community Health Accreditation Program and by the Illinois Department of Public Health to actively monitor and assist patients with chronic disease to give them a higher quality of life at home rather than being in a high acuity hospital setting. Wanda Health’s solution will be used with some of HRS’s congestive heart failure (CHF) and chronic obstructive pulmonary disease (COPD) patients.
The contract has been made directly with WANDA, and the first patients are expected to start using the platform and be billed on a monthly basis in the first quarter of 2016.
Francois Martelet, Group CEO of NetScientific, commented:
“WANDA is a leading portfolio company for NetScientific and our digital health franchise. Being selected by one of the leading high-tech home nursing and therapy services group in the US is an excellent endorsement of the potential WANDA’s technology has to help improve people’s lives by enabling them to stay at home and take more control to better manage their chronic conditions.”
