06:50:11 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Highmark Interactive Inc
Symbol HMRK
Shares Issued 41,142,193
Close 2023-05-04 C$ 0.015
Market Cap C$ 617,133
Recent Sedar Documents

Highmark signs partnership agreement with Nsight

2023-08-10 14:57 ET - News Release

Mr. Sanjeev Sharma reports

HIGHMARK INTERACTIVE INC. ANNOUNCES STRATEGIC PARTNERSHIP SIGNING

Highmark Interactive Inc. has signed a strategic partnership with Nsight Health Inc., a national leader in preventive care through remote monitoring solutions. As part of the agreement, Nsight will utilize Highmark's U.S. Food and Drug Administration-approved (FDA) software to administer remote patient care for its patients while managing the entire administration process. Highmark's EQ Balance has been cleared by the U.S. FDA as Class 2 software as a medical device (SaMD) is reimbursed by U.S. Medicare/Medicaid and other third party insurance companies when utilized by patients to monitor and track balance. Nsight enables Highmark to focus on its core competency of software while leveraging Nsight's best practices for billing, operations and execution.

Dr. Sanjeev Sharma notes: "By focusing on Highmark's core competency of software innovation, we were able to partner with one of the best-in-class complete TPM providers, including an exceptionally strong services division. This partnership enables Highmark to bring innovative, unique products to Nsight Health while leverage Night's deployment strength, thus creating a powerful synergistic partnership. We are able to leverage its software and show a path for a national remote monitoring partner with the exciting capabilities it can provide. We look forward to a successful launch in the weeks ahead."

Michael Ciullo, chief executive officer of Nsight, stated: "Partnering with Highmark will allow us to expand to new verticals, provide additional support to existing patients and help to further reduce hospitalizations. Patient falls are a financial drain on the health care system via costly procedures and lengthy rehabilitation. By pro-actively assessing patient balance with Highmark's FDA-approved SaMD, our team of care co-ordinators and specialists can intervene early to help providers adjust care plans to reduce these tragic occurrences."

The company is expected to start integration and demo in August, while ramping up volumes shortly thereafter.

About Highmark Interactive Inc.

Highmark Interactive was created to change the paradigm of testing and management for brain and mental health. Highmark's approach is focused on providing real-time data to health providers to support pro-active, preventative interventions and targeted care planning to improve health outcomes.

In addition to a growing network of virtual, in-person and hybrid clinics. Highmark Interactive offers the world's first gamified, FDA-cleared patient-led assessments, as well as digital clinician-led assessments of neurofunction and balance. Together, the technology is used in more than 350 health organizations globally. By unlocking insights, Highmark's platform enables precision medicine and creates a more contemporary model for delivering better outcomes.

About Nsight Health Inc.

With a focus on population health management and the mission to positively impact the lives of millions, Nsight Health is the leading remote care company in the United States, providing remote patient monitoring (RPM), chronic care management (CCM), principal care management (PCM), annual wellness visits (AWV) and behavioural health integration (BHI) to patients on behalf of thousands of physicians across multiple specialties and multistate health systems.

© 2024 Canjex Publishing Ltd. All rights reserved.