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Investing.com -- VSee Health, Inc. (NASDAQ:VSEE) stock climbed 4.4% on Thursday after the telehealth technology provider met with Philippine officials to discuss potential healthcare delivery enhancements in Naga City through digital innovation.
The company joined the Philippine Tuberculosis Society and former Philippine Vice President Leni Robredo, currently mayor of Naga City, to explore opportunities for implementing VSee’s AI-powered telehealth platform in the region. The discussions focused on addressing healthcare challenges including low prenatal check-up rates, which currently stand at 44% compared to the Department of Health’s 99% target.
VSee is looking to expand its presence in Southeast Asia’s digital health market, which reached $17 billion in 2024 and is projected to grow to $38.8 billion by 2033, according to iMarc. The Philippines specifically is expected to surpass $1 billion by 2027, based on Statista data.
The company’s telehealth platform already supports several initiatives in the Philippines, including Project MAMA, a maternal health program aimed at reducing maternal and fetal deaths in remote rural areas. VSee has also collaborated on tuberculosis screenings with MIT-founded Remedi, Inc., which produces portable AI-enhanced X-ray devices.
"With VSee’s background of conducting telehealth initiatives for underserved regions of the Philippines over the past few years, this meeting marks an encouraging next step toward deepening partnerships that combine technology, clinical expertise, and public sector leadership to improve population health," said Milton Chen, PhD, Co-CEO of VSee Health.
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