Parallax Health Management Announces Durable Medical Equipment (DME) Exclusive Partnership with TeliVita®
Drive Medical and Domtar Attends Product Lines to be Cross Marketed and Sold along with PHM Remote Patient Monitoring Systems
SANTA MONICA, Calif., Feb. 17, 2017 /PRNewswire/ -- Parallax Health Management, Inc. ("PHM"), a wholly owned subsidiary of Parallax Health Sciences "Parallax" (OTCQB:PRLX), has entered into a distribution and sales agreement with TeliVita®, a leading Durable Medical Equipment (DME) supplier and technology provider to cross market and sell TeliVita® and PHM products and services. Through the agreement, PHM will receive 14% of TeliVita®'s gross aggregate sales on DME and incontinence products. We believe that TeliVita® provides PHM with the highest quality products and through its purchasing power, will provide PHM significant pricing and margin advantages. Further, it is anticipated that TeliVita®'s cross marketing will enhance the ability for selling PHM's remote patient monitoring technology and services.
"TeliVita® understands our business and how our remote patient monitoring systems generate the highest quality communication channels directly to patients in their homes," said PHM President, Nathan Bradley. "PHM has a powerful partner in TeliVita® in that we can meet more of our end-users' needs and our partnership has already yielded significant wins and forward momentum for both companies."
PHM brings the key components of systems integration to the telehealth market together by utilizing best in class hardware and software components combined with its own proprietary technologies. PHM systems are hosted on the Microsoft Azure Cloud offering the best in security and scalability and have been integrated with TeliVita®'s Compliance 1st Technology. The technology enables manufacturers and healthcare organizations to control, manage, track, sell and invoice consigned DME products directly to patients at hospitals and other healthcare facilities. TeliVita®'s offering now includes PHM's remote patient monitoring offering known as the QOLPOM® Hub.
"Our partnership with TeliVita® opens up a follow-on sales model to our remote patient monitoring business through the use of the Domtar and Drive Product lines. We anticipate that this partnership will dramatically enhance what we can do for patients in their home," said Michael Redmond, CEO of Parallax Health Sciences. "In the next phase of our build out of Parallax Health Management, we intend to connect our Pharmacy through TeliVita® which represents a natural progression of our complete in-home healthcare products and services."
"We are thrilled to have partnered with Parallax. The combined offerings further exhibit the collective desires to revolutionize the Home Healthcare space. The integration of services verifies our commitment to reduce Home Healthcare costs and provide improved patient outcomes," stated Joe McGovern, CEO TeliVita®
ABOUT PARALLAX HEALTH MANAGEMENT
Parallax Health Management's (PHM) services are predicated on delivering the most state of the art, up to date tele-monitoring programs, devices and systems integration services. The key is to customize services to meet the unique needs of individual clients and their families. PHM is building software, technology and support infrastructure for the coming home healthcare revolution, and has access to the highest quality products and customizable monitoring operations that deliver quality of life for its users and peace of mind for those who care for and about them. PHM operates out of Tucson, Arizona and its monitoring center is located in Tempe, Arizona. Please visit www.parallaxhealth.net .
ABOUT PARALLAX HEALTH SCIENCES, INC.
Parallax Health Sciences, Inc., with offices in Santa Monica, CA, is a fully reporting Nevada corporation (PRLX ). Parallax is focused on personalized patient healthcare with its Pharmacy and Infertility business through its Beverly Hills, CA based RoxSan Pharmacy and RoxSan Fertility Group operations, and through Parallax Diagnostics, which has rights to a line of point of care diagnostic tests on a single proprietary platform. Please visit www.parallaxhealthsciences.com, www.roxsan.com and www.roxsanfertility.com
Telivita® will be your "BRIDGE TO HOME". We incorporate smart technologies including our Compliance 1st Consignment Closet and Remote Patient Monitoring combined with traditional DME products and supplies. We will be there for your patients to purchase very competitively priced, non-reimbursed DME products and receive the critical delivery service, including how to properly set up the right equipment and learn how to use it in their home setting. Please visit www.telivita.com.
Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and absorbent hygiene products. With approximately 10,000 employees serving more than 50 countries around the world, Domtar is driven by a commitment to turn sustainable wood fiber into useful products that people rely on every day. Domtar's annual sales are approximately $5.3 billion and its common stock is traded on the New York and Toronto Stock Exchanges. Domtar's principal executive office is in Fort Mill, South Carolina. Please visit www.domtar.com.
ABOUT DRIVE MEDICAL
Drive Medical is one of the largest fastest growing global manufacturers of durable medical equipment carrying a complete line of DME including mobility products, beds, bariatric products, wheelchairs, sleep surfaces, and pressure prevention products, respiratory equipment, CPAP products, self-assist products, power wheel chairs and rehabilitation products.
FORWARD LOOKING STATEMENTS
ALL STATEMENTS, TRENDS ANALYSIS, AND OTHER INFORMATION CONTAINED IN THIS PRESS RELEASE INCLUDING WORDS SUCH AS "ANTICIPATE," "BELIEVE," "PLAN," ESTIMATE," "EXPECT," AND "INTEND" AND OTHER SIMILAR EXPRESSIONS OF OPINION, CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO BUSINESS AND ECONOMIC RISKS, AND PHM'S ACTUAL RESULTS OF OPERATIONS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.
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