Respiri's RPM Agreements and Patient Milestone

Respiri Limited (ASX:RSH) has entered into its first remote patient monitoring (RPM) agreements with two skilled nursing facilities (SNF) in Hawaii, generating over $1.5 million annually from more than 2,000 patients enrolled in programs. The agreements utilize the unique Clinic in Cloud (CiC) business solution, with per patient per month revenues exceeding the target range. Patient onboarding for the new clients will commence in October, contributing to the company's pursuit of monthly profitability by the end of 2024.

Executive Commentary on Expansion and Impact

Respiri CEO, Marjan Mikel, highlighted the significance of partnering with three major healthcare assets in Hawaii and the positive impact on patient health. The company's growing footprint is expected to positively impact patient health, with the SNF program delivering promising outcomes across the islands. The company's patient enrolment has surpassed 2,000, and the new patient recruitment process is forecasted to be readily scalable, with further scaling planned for Q1, CY 2025.

Summary of RPM Agreements and Future Outlook

Respiri's entry into RPM agreements with skilled nursing facilities in Hawaii marks a significant milestone, with the potential to generate over $1.5 million in annual revenues. The company's unique Clinic in Cloud business solution is expected to streamline service delivery and contribute to achieving monthly profitability by the end of 2024. With a record total program enrolment surpassing 2,000 patients, Respiri continues to make significant progress and is in advanced discussions with potential clients. The company's ambitions to positively impact patient health and expand its footprint demonstrate its commitment to transforming healthcare delivery in the US.