TSXV:RHT.H - Post by User
Comment by
PCR1917on Sep 26, 2018 2:14pm
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Post# 28694876
RE:RE:RE:original funding for Siou is $100k, new funding is $1 m
RE:RE:RE:original funding for Siou is $100k, new funding is $1 mdigitel wrote: "I will ask again... was this info on 100k to 1m funding made up or is there something we can point to from the company or another source to substantiate this."
The money doesn't really make much difference. It is a small amount whether $100,000 or $1,000,000. The key is that after seven months of the pilot going live they have expanded the program on thier dime. Paz Home recently expanded by 5,000 patients after extensive commercial use and prior to that after a successful pilot. Rio Grande has now gone commercial after a pilot. After 10,000 patients had been onboarded for six months RHT placed an upfront order for 27,500 hardware units. Obviously clients want to move forward. Flying Doctors agreed to a paid pilot and has similar needs to the client with the pilot announced today. Telemedicine/telemonitoring is well validated and supported by evidence. The client announced today expanding the pilot represents a substantial potential opportunity.
I agree digitel, but still, it makes a difference to me how much the federal government is willing to invest for the expansion of the trial and it would be the least of things for mingzhu to give his sources.