Electronic Health Data Security is an Industry That Could Potentially Grow to Around $25.5 Billion(1)
Undervalued and Cutting-edge Ehave Inc. (OTC:EHVVF) Could Be Well Positioned to Benefit From This
Global big data in healthcare was approximately a $14.7 billion market in 2018 and could potentially grow at a CAGR of around 20% to reach $42.8 billion over the next four years.(5)
Much of this can be attributed to the increased adoption of Electronic Health Records and the government’s interest in adopting a broadened healthcare information system. As reported by Reportlinker, “..increasing government funding and expenditure for the development of healthcare IT solutions is promoting the adoption of electronic health records, globally.” (6)
Additionally, the increased adoption of mobile health apps and wearable devices is further driving the demand for big data needs in healthcare.(7)
However, with these growing needs for big data in healthcare, the need to potentially meet a massive security challenge has been created. Because of this, the market for electronic health records security could be worth around $25.5 billion(1). This is where undervalued and cutting-edge Ehave Inc. (OTC:EHVVF) could be well positioned.
Ehave, Inc. (OTC:EHVVF) is a provider of digital therapeutics delivering evidence-based therapeutic interventions to patients. Its primary focus is on improving the standard care in therapeutics to prevent or treat brain disorders or diseases through the use of digital therapeutics, independently or together, with medications, devices, and other therapies to optimize patient care and health outcomes.
Ehave (OTC:EHVVF)- Showing Strong Returns, Strong Technicals, and Strong Growth Potential
Shares of Ehave (OTC:EHVVF) are trading around only $0.13 a share. However, there is momentum behind the company due to its positioning in areas of great demand and growth potential.
As a nano-cap stock with a market cap of only around $6.815 million(15), only around 52.023 million shares outstanding(16), and an approximate 78.8% float shares to outstanding shares ratio(17), Ehave appears to perform strongly whenever there is strong sentiment or good news. For example, by mid-day on December 22nd, the stock increased nearly 30%(18).
Additionally, ever since EVHFF announced its foray into the growing psychedelics market on December 12 with its KetaDASH platform(14), the stock has seen a return of approximately 176.42%(19).
Additionally, since the stock hit a 1-month low of approximately $.025 a share on December 3rd, the stock has seen a return of nearly 593.88%(20).
It is no wonder then that the stock appears to have strong short-term, medium-term, and long-term technical indicators, including the 20 Day Moving Average, 20-50 Day MACD Oscillator, 20-100 Day MACD Oscillator, 50 Day Moving Average, 100 Day Moving Average, and 150 Day Moving Average.
Ehave’s Solutions Appear to Fill Crucial Needs in Cutting-edge Ways
Along with providing digital therapeutics that appear to deliver evidence-based therapeutic interventions to healthcare patients, Ehave recently partnered with BurstIQ to deploy its Ehave Dashboard over BurstIQ’s blockchain network. With this partnership, this solution is expected to be deployed to leading healthcare organizations across the United States.
The Ehave Dashboard is a data driven platform that has been strategically developed to provide better communication among medical practitioners and health care providers.
This cloud based platform claims to deliver critical features and capabilities to healthcare providers, all while enabling seamless integrations with everything from electronic health records to telehealth providers.
This aggregation of data and information into one application appears to be effective in streamlining the healthcare process for both patients and providers.
Now, together with BurstIQ further developing the blockchain capabilities of this platform, the Ehave Dashboard appears to have the ability to segment data on-chain. This could allow developers, clinicians, researchers, doctors, hospitals, universities and, ultimately, prescribers of psychedelic therapies, to provide life-changing solutions to patients.
But this is only one part of Ehave’s story.
Major Partnerships Could Potentially Drive Significant Growth
Ehave appears to be working on partnerships and licensing deals that could leverage the Ehave Dashboard to create more data points than most competitors in the market.
Outside of its strategic partnership with BurstIQ, other potentially game-changing partnerships include:
MedChart is a digital health company whose mission appears to change the way anyone interacts with their health data. The company claims to make it easier for patients to own their medical records, and in turn, receive the best care possible.
By permitting patients to own their own records, medical professionals and even psychedelic researchers can begin working with patients to create biomarkers on how they can live a longer healthier life, as well as discovering what treatments appear to be most effective.
At the moment, over approximately 16.1 million American adults have major depression(21). Treatment resistant depression can commonly occur in up to approximately 30% of this patient population(22).
Since major pharmaceutical companies appear not to develop drugs for these patients, the Ehave Dashboard could potentially aggregate data from this patient population and provide data to drug developers for clinical trials. This data could also potentially help insurers route patients to potential treatment providers that can possibly help them the most.(10)
Activ Doctors Online
Ehave recently entered into a licensing agreement with Activ Doctors Online. Under this agreement, Ehave aims to license a complete suite of telemedicine solutions from Activ Doctors. The agreement also claims to aid mental health patients in requesting an online consultation, obtaining a second medical opinion, and providing access to their complete medical history from their computer or mobile device.
This agreement will apparently allow the company to expand into the Medical Second Opinion market, which according to Reportlinker, could be a market worth around $10.7 billion by 2027. At the moment, this market is valued at around $3.2 billion.(11)
Additionally, according to Ehave CEO Ben Kaplan:
The MyLifeID Pocket Cloud appears to be a fully-encrypted, virtually indestructible portable storage device specifically created to carry sensitive health and medical data. This device claims to be specifically designed for convenience and ease-of-use, and appears to be no larger than a credit card. The device’s slim profile could enable it to fit in a wallet so it can be quickly retrieved in case of an emergency.
Ehave’s Most Recent Foray Into the Potentially Lucrative Psychedelics Market
Ehave announced its foray into the growing psychedelics market on December 12 with its KetaDASH platform(14)– an Intravenous (IV) based, home delivery service for patients who have been prescribed KT. The psychedelic drugs market could grow to around $6.85 billion by 2027 at a CAGR of around 16.3%(13)
To make this venture happen, Ehave, Inc. acquired the tangible and intangible assets of IV therapy company CureDash. CureDash currently operates an IV delivery platform that could seemingly become the backbone of KetaDASH.
Ehave claims that its KetaDASH platform could provide a platform for medical practitioners to administer KT intravenously to patients at home. Although KT has not yet been approved by the FDA to treat depression, clinical studies are looking into the sedative as a potential treatment for major depression. Currently, KT is used to help ease pain, aid in the efficacy of sedatives at lower doses, and lessen the amount of potentially addictive pain medication required after certain medical procedures.
Ehave claims that its KetaDASH platform could include software, staffing, protocols, and equipment. Ehave also used its dashboard technology for KetaDASH in order to create an ecosystem where both clients and practitioners can get detailed insight on how the KT therapy is working. Ehave also claims that patients will be able to create a profile, check availability of administering nurses, and schedule appointments.
Ehave, Inc. (OTC:EHVVF) is Led by a Strong Team of Experienced Experts
The most successful companies are usually led by a knowledgeable and experienced management team, full of high character and high quality. Ehave, Inc. (OTC:EHVVF) certainly appears to have that and then some.
Chief Executive Officer
Ben Kaplan has served as Ehav’s CEO for the past 16 months. He has also served as Chairman since June 2020.
Ben is an entrepreneur at heart and has worked for over 20 years in the financial sector. He is an investor in a multitude of public and private companies focused on international growth. He has also conducted various investment activities out of New York City, and also invested in iconic Miami restaurant chain Roasters & Toasters in 2005.
Ben became a founding member of Kaya Jamaica Inc. in 2014- the largest green leaf company in the Caribbean (GROWKAYA.com). Ben still sits on the Board to this day.
In 2014, Ben also became one of the first investors in Surna, a global HVAC company that provides engineering and build-outs for high technology facilities.
Ben is also one of the founders of Kalytera, an Israeli botanical-based Pharma company researching various cures for numerous illnesses, including a Phase 2 trial for a GVHD (graft versus host disease) cure.
In 2018, Ben acquired Stemtech.com, a multilevel company showing a 30k strong sales force and operating in over 20 countries. Ben sits on the board and brought the company out of bankruptcy with a group of investors.
Ben also led a group of investors to form a partnership with Sensi Magazine in 2018.
Chief Information Officer
Alfred joined Ehave in 2019 and brings over 20 years of technology, software architecture, and innovation experience in healthcare, data analytics, embedded systems, distributed systems, and gaming. Alfred’s most recent experience includes the position of software architect for the Concussion Monitoring System working with the University of Miami Concussion Facility.
Alfred was also recently a Director of IT at Immunity, Inc., responsible for architecting and designing a next generation platform to train Cybersecurity students for corporations.
Prior to these positions, Alfred designed and implemented the next generation network and analytic tools for Priority Networks.
DR. RUSSELL SCHACHAR M.D., FRCPC
Chief Medical Officer
Russell has been with the company since 2013. Russell was instrumental in our development activity with the Hospital for Sick Children in Toronto. Russell trained in medicine at the University of Toronto and in psychiatry at McMaster University in Hamilton, Ontario. Following this, he completed post-doctoral training during a fellowship at the University of London, England under the supervision of Professor Sir Michael Rutter. Motivated by a desire to advance the understanding of mental illness in youth, Mr. Schachar returned to SickKids, a hospital for sick children, where he initiated an acclaimed clinical-research program in Neuropsychiatry and set up a research laboratory.
DR. NITHIN KRISHNA
Medical Advisory Board
Dr. Krishna is currently in private practice at Psych Associates of Maryland. Psych Associates specializes in behavioral health services, including psychological testing and neuropsychological testing for a variety of disorders, including ADHD, brain injuries and head trauma, and memory problems. He boasts an extensive publication list and an impressive resume of original scientific findings.
Dr. Krishna completed his postdoctoral program at the University of Maryland School of Medicine, Maryland Psychiatric Research Center in Baltimore, Maryland continuing on through the University of Maryland/Sheppard Pratt Psychiatry Residency Training Program research track. Dr. Krishna is board certified by the American Board of Psychiatry and Neurology. In addition to his work as a clinician, he conducts research in psychiatry and neuroscience with expertise in genetics, electroencephalogram (EEG), schizophrenia, psychotic disorders, suicide and cranial electric stimulation.
VICTOR S. DORODNY, MD, PHD, MPH
Medical Advisory Board
Dr. Dorodny was one of the creators of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). He has served on the Advisory Board of the Association of Medical Director of Information Systems and is the Past President of the Western Division of the National Association of Managed Care Physicians. Dr. Dorodny has served in an executive capacity of several companies where he has held the title of Chief Medical Information Officer, Chief Scientific Advisor, and Chief Medical Officer. As a world renowned speaker, he has spoken at hearings in front of Congress, the California Senate Judiciary Committee, and the FDA-Pharmaceutical Services and Information Exchange. Over the course of his esteemed 45 year medical career, Dr. Dorodny has also been a speaker at dozens of medical conferences. In addition to his impressive medical background, Dr. Dorodny was a pioneer in the telemedicine industry, serving as CMO & Global Practice Leader for US Telemedicine from 2006 to 2009. He received his advanced medical degrees from the University of Odessa Medical School, Albert Einstein College of Medicine, and the University of Southern California.
Source 2: https://www.ehave.com/post/ehaves-dashboard-to-meet-the-challenge-of-electronic-health-records-security-with-burstiq-partnership-utilizing-blockchain-technology
Source 3: https://www.ehave.com/post/ehave-expands-its-psychedelic-mental-health-platform-with-medchart-a-leader-in-medical-record-software-as-a-plugin-to-the-ehave-dashboard
Source 4: https://www.ehave.com/post/ehave-announces-plans-to-enter-the-30-billion-patient-medical-records-industry-and-the-638-billion-telepsychiatry-industry-through-a-licensing-agreement-with-active-doctors
Source 5: https://www.prnewswire.com/news-releases/global-big-data-in-healthcare-market-was-valued-at-over–14-7-billion-in-2018-and-is-projected-to-grow-at-a-cagr-of-around-20-to-reach–42-8-billion-by-2024–300907508.html
Source 6: https://www.prnewswire.com/news-releases/global-electronic-health-records-ehr-market-is-forecast-to-grow-from-an-estimated–30-billion-in-2020-to–40-billion-by-2025-301066044.html
Source 7: https://www.businesswire.com/news/home/20201013005727/en/Global-Big-Data-Healthcare-Market-Growth-Trends
Source 8: https://www.globenewswire.com/fr/news-release/2020/11/09/2122906/0/en/Ehave-s-Dashboard-to-Meet-the-Challenge-of-Electronic-Health-Records-Security-with-BurstIQ-Partnership-Utilizing-Blockchain-Technology.html
Source 9: https://securityboulevard.com/2020/11/u-s-health-care-under-attack/
Source 10: https://www.ehave.com/post/ehave-expands-its-psychedelic-mental-health-platform-with-medchart-a-leader-in-medical-record-software-as-a-plugin-to-the-ehave-dashboard
Source 11: https://www.ehave.com/post/ehave-announces-plans-to-enter-the-30-billion-patient-medical-records-industry-and-the-638-billion-telepsychiatry-industry-through-a-licensing-agreement-with-active-doctors
Source 12: https://www.ehave.com/post/ehave-announces-plans-to-enter-the-30-billion-patient-medical-records-industry-and-the-638-billion-telepsychiatry-industry-through-a-licensing-agreement-with-active-doctors
Source 13: https://www.openpr.com/news/2068844/psychedelic-drugs-market-2020-to-grow-at-16-3-cagr-by-2027
Source 14: https://www.ehave.com/press-releases
Source 15: https://finbox.com/OTCPK:EHVV.F/explorer/marketcap
Source 16: https://finbox.com/OTCPK:EHVV.F/explorer/shares_out
Source 17: https://finbox.com/OTCPK:EHVV.F/explorer/shares_float_pct
Source 21: https://adaa.org/about-adaa/press-room/facts-statistics#:~:text=MDD%20affects%20more%20than%2016.1,older%20in%20a%20given%20year
Source 22: https://bmcpsychiatry.biomedcentral.com/articles/10.1186/s12888-019-2222-4#:~:text=Treatment%2Dresistant%20depression%20(TRD),MDD%20pat
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