On Demand Medical Solutions & Services Proving To Be Positive Revenue Opportunity As Telemedicine Market Experiences Significant Growth

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Sep 08, 2016, 08:45 ET

CORAL SPRINGS, Florida, September 8, 2016 /PRNewswire/ --

Innovative Wearable & Healthcare Apps and Telemedicine, the newest and hottest trends in the lucrative medical industry, are experiencing significant growth as more consumers are in the market for on demand health care and instant feedback.

Medina Innovation Holdings, Inc., which is changing its name to Medical Innovation Holdings, Inc. (OTC: MIHI),today announced that its wholly owned subsidiary, 3PointCare, Inc. has entered into a Management Services Agreement to exclusively provide management services to TeleLife MD, Inc. The Company will be the exclusive provider to TeleLife. The agreement has an initial term of ten years together with certain renewal rights.

Previously, the Company announced that it had created a wholly owned subsidiary, 3PointCare to act as its management services organization (MSO) to manage all healthcare service operations of the Company. Now with this agreement, the Company has acquired the services of TeleLife MD, a multi-disciplinary specialty care practice formed for the purpose of providing telemedicine services to patients in rural underserved areas in various States.

Read the full MIHI Press Release at: http://financialnewsmedia.com/profiles/mihi.html

The Company also licensed its cloud-based tele-health technology platform to TeleLife. Under the agreement the Company will provide all technology, network services, implementation, support and training to TeleLife and its physicians to enable the use of the technology to its full capacity and engage in HIPAA compliant virtual patient encounters. The Company will maintain responsibility for all updates necessary to keep the technology efficient, secure and reliable. In addition to virtual connectivity, software will include centralized scheduling, electronic medical record (EMR) management, and practice management software (PMS) in addition to video network infrastructure support. Additionally, the Company will provide core MSO services such as claims processing, billing and collection, physician services that include support and recruiting.

In other healthcare telehealth - wearable app news and recent happenings in the markets:

Teladoc, Inc. (NYSE: TDOC), the nation's first and largest telehealth provider, last month announced the U.S. Patent and Trademark Office (USPTO) has invalidated the major elements of a telemedicine patent held by American Well Corporation on the basis that they were not patentable because American Well did not invent them. The USPTO took this action at the request of Teladoc. At issue before the USPTO were the same elements of the American Well patent that a Massachusetts federal court declared invalid earlier this year on a separate basis.

Apple, Inc. (NASDAQ: AAPL) unveiled its Apple Watch Series 2 with a new water-resistant shell and a GPS chip at an event in San Francisco. The updates make the watch more comparable to the activity trackers from Fitbit, Inc. (NYSE: FIT), but are not enough to overtake Fitbit, True Ventures venture partner Om Malik said on BloombergTV's "Bloomberg Markets". In order to dominate the activity tracker sector, Apple needs to stop trying to do so much with its smartwatch, he added. Read the full article at: https://www.thestreet.com/story/13697263/1/the-new-apple-aapl-watch-should-make-fitbit-nervous.html

NIKE, Inc. (NYSE: NKE) recently launched a significant update to its popular new Nike+ Run Club app, which gives athletes access to a new adaptive coaching feature, expert guidance from the world's best athletes and coaches and unrivaled motivation and community - all designed to make running easier and a lot more fun. "Through the new Nike+ Run Club app, we're serving a running community that spans the globe with the most innovative and personalized experiences we've ever offered to runners," said Nikki Neuburger, VP, Global Running Brand. "We've thoughtfully considered and updated how we surround runners with everything and everyone they need to reach their full potential and have more fun with the sport, from coaching plans that adapt to meet their needs, to inspiration, motivation and a community of million to run with."

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