PT Genie is a digital health company providing in-clinic and remote physical therapy that keeps patients connected with their providers to drive improved outcomes. A wearable device that keeps patients motivated, measures their progress, and enables providers to monitor outcomes more closely, PT Genie is advancing physical therapy to new levels. Through PT Genie, healthcare providers have a way to measure their patients — as well as their own — success.
PT Genie inspires daily movement and a commitment to the physical therapy program. Patient compliance – a major problem in physical therapy – improves dramatically with the use of PT Genie. Typical patient compliance with a PT protocol is around 34%. Compliance while using the PT Genie system improves to 78%.
The global digital health market is currently over $86b and is expected to surpass $504b by 2025 according to Global Market Insights, Inc. The US physical therapy market is over $37b covering 128,871 businesses, according to IBISWorld.
With the COVID-19 crisis changing the landscape of healthcare, the concern for disease control has pressed the consideration of remote solutions for physical therapy. This market force combined with the following demographic and economic factors produce a prodigious opportunity for PT Genie:
PT Genie is uniquely positioned to advance physical therapy through the important role that telehealth has taken in this challenging environment. The new technology that PT Genie offers is a win for both patients and care providers. The benefits are threefold: patients can continue their therapy from home; physical therapists stay connected to patients remotely for a longer period of time, and physicians receive real data on how their patients recover following surgery or chronic illness.
PT Genie provides a platform that can be monitored by all aligned stakeholders: patients, physicians, physical therapists, insurance companies, and electronic medical record platforms. It offers a Value Based Health Care = (Outcomes / costs) solution that will become ever more crucial in our changing healthcare environment.