CareSpan Health, Inc. announced that it has launched its new RPM service after successfully testing the service with both Nurse Practitioners
("NPs") and their patients. CareSpan has initiated the patient outreach process and over 100 patients have enrolled since launching the service late last month. RPM is the use of digital devices that allow clinicians and care providers to capture health and medical data on a continuous basis from their patients remotely and electronically through CareSpan's "Clinic-in-the-Cloud" platform. This data enables clinicians to assess the treatment of chronic conditions in real time, ultimately improving their ability to deliver customized care plans to improve patient outcomes. CareSpan's RPM is fully integrated into its "Clinic-in-the-Cloud" platform and connects to over 300 FDA approved devices. Effective use of RPM as an integral part of a patient's care plan, allows CareSpan's NPs and clinicians to improve patient outcomes while generating additional revenue for their respective practices. To date, the Company in working with its NPs has identified over 2,000 patients within its current patient base for whom RPM would be a key component of their care plan to manage chronic illness. The Company expects to have the majority of these patients enrolled in the RPM service by the end of this year. The reimbursement for RPM is in the range of USD 100 to USD 115 per patient per month.