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SAN JOSE, Calif. - VSee Health, Inc. (NASDAQ:VSEE), a digital health company with a market capitalization of $17.24 million, has announced the start of Project MAMA, a telehealth initiative aimed at reducing maternal mortality rates in rural areas of Zamboanga Sibugay, Philippines. According to InvestingPro data, the company has shown strong revenue growth of 37.45% over the last twelve months, despite challenging market conditions. The program, which involves collaboration with Stanford University and Ateneo de Zamboanga University, seeks to improve prenatal care through the use of VSee’s telemedicine technology.
The initiative provides expectant mothers in underserved communities with access to remote consultations with OB-GYN specialists. VSee’s platform integrates AI chatbots that communicate in local languages, portable diagnostic tools such as ultrasounds, and electronic health records, with the entire system becoming operational within four days of deployment. The company maintains a healthy gross profit margin of 72.48%, though InvestingPro analysis indicates challenges with cash burn and short-term obligations.
Dr. Milton Chen, co-CEO of VSee Health, emphasized the company’s dedication to tackling global healthcare inequalities by stating, "This program demonstrates impact by delivering quality prenatal care to mothers who’ve previously never gotten an ultrasound or been seen by an OB-GYN." He also shared plans for the company to further utilize AI in analyzing patient data to identify early signs of risks associated with maternal mortality.
The launch of Project MAMA is part of VSee’s larger mission to bring accessible healthcare to global populations in need through adaptable, AI-powered telehealth solutions. With earnings results expected on May 21, 2025, investors can access comprehensive financial analysis and additional insights through InvestingPro, which offers 6 more key investment tips for VSee Health. This press release statement is based on the company’s recent announcement and does not include any forward-looking statements.
In other recent news, VSee Health Inc. has faced challenges with Nasdaq regarding its delayed annual report filing for the fiscal year ending December 31, 2024. The company has been given 60 days to submit a compliance plan to Nasdaq, with a possible extension of up to 180 days if accepted. Meanwhile, VSee Health has launched its AI-driven Telenursing Robotics platform, designed to automate nursing tasks and reduce hospital labor costs by 3-5%. This new technology is part of clinical pilot programs with hospitals to evaluate cost savings and workflow improvements.
Additionally, VSee Health has secured a significant $6 million government contract for the first year to develop a flexible telehealth system, expected to boost its revenue run rate. The company also announced strategic partnerships, including one with AbundaBox to launch a health record management platform and another with Ava Robotics to develop telepresence solutions for intensive care. VSee Health has further partnered with LanguageLine Solutions to enhance its telehealth solutions with multilingual interpreter access.
The company has also expanded its revenue growth through several new contracts, such as a $560K agreement with an oncology network and a $2 million renewal with a major hospital system. These developments reflect VSee Health’s ongoing efforts to strengthen its position in the digital healthcare market.
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