Treatment.com AI Inc., which is acquiring Rocket Doctor, highlights the significance of this partnership in breaking down barriers to healthcare access in California. The agreement is on a recurring 12-month basis, with a 120-day mutual termination clause. Rocket Doctor's platform, leveraging AI and wireless medical devices, aims to provide equitable and accessible virtual healthcare services, particularly for remote and underserved communities. The partnership is seen as a critical expansion of care options for the managed care plan's members.
Key takeaways:
- Rocket Doctor has partnered with a California managed care plan to provide tele-urgent care, specialty services, and primary care to approximately 450,000 Medicaid members.
- The partnership is expected to generate an additional annual recurring revenue (ARR) of approximately US$1.2 million, with an estimated total billable value of services at US$4.41 million.
- Rocket Doctor's virtual care platform aims to reduce unnecessary emergency department visits, reduce wait times, and ensure timely specialist referrals for Medicaid beneficiaries.
- The partnership is part of Rocket Doctor's mission to break down barriers to healthcare access, particularly for patients in remote communities and those on Medicaid in the United States.