Taking it to the #Cloud with Fitness and Health (NASDAQ: $FIT) (OTC: $TXHD) (TSXV: $RHT.V) (OTCQB: $RQHTF)
(CSE: $PHGI.C) (OTCQB: $PHGRF)
Point Roberts WA, Delta BC – March 13, 2019
– Investorideas.com,
a global investor news source covering tech and cloud stocks, releases a
snapshot looking at how cloud technology is playing a leading role in the
future of health and fitness.
According
to recent research, “The global healthcare cloud computing market is expected to
register a CAGR of 18% during the forecast period, 2018 to 2023. With the
increasing adoption of healthcare informatics, the healthcare information
system service providers are significantly implementing the cloud-based
software, as it comprises less investment and minimal support requirements, in
terms of technology. High-volume storage capacity and accessibility provided by
cloud-based applications are also favoring the market.”
Read this in full at https://www.investorideas.com/news/2019/technology/03131Stocks-Cloud.asp
With headlines like, “Microsoft and digital health: AI, IoT and cloud computing point the way to personalised care,” investors can take note that most of the tech giants are in the space.
Fitbit
(NASDAQ:FIT), one of the most well-known health solution technology
companies and leading global wearables brands announced four new products as
well as its recent
partnership with Solera Health to help
improve health culture and prevent type 2 diabetes.
From recent
news; “Fitbit Versa Lite Edition™, Fitbit
Inspire HR™, Fitbit Inspire™ and Fitbit Ace 2™ are designed to help make health
and fitness accessible to more consumers across the globe.”
“Since founding Fitbit almost 12 years ago,
we’ve focused on making health fun and achievable for everyone – regardless of
fitness level or goals. Today we have a growing, supportive community of more
than 27 million active users around the world who are getting more active,
sleeping better, reducing stress, managing weight and getting healthier from
being ‘on Fitbit,’ which is a testament to the power of our platform and our
consistent innovation across our devices, software features and mobile app
experience,” said James Park, co-founder and CEO of Fitbit.
Smaller
player Textmunication Holdings, Inc. (OTC: TXHD), a cloud-based
communication technology holding company is also looking to marry cloud
technology and healthy living, having just announced that they will be
attending the 2019 International Health, Racquet & Sportsclub Association
(IHRSA) Convention, March 13-15 in San Diego. IHRSA represents over 10,000
for-profit health and fitness facilities and over 650 supplier companies in 71
countries.
TXHD
is also moving forward with its plan to acquire ‘Off Day Trainer’ from The
RELENTLESS Management Group (“RMG”), a technology management firm based in San
Luis Obispo, California. The ODT platform focuses on mobile engagement for the
personal training industry. The patented platform will be integrated with
Textmunication’s Smart Automated Messaging (SAM) platform allowing for a
best-in-class scalable fitness mobile marketing platform with access to more
than 300,000 personal trainers and more than 35,000 North American health
clubs.
While cloud
technology companies may be influencing healthcare, the same can also happen in
reverse. Premier Health Group (CSE:
PHGI) (OTCQB:
PHGRF), a company focused on developing innovative
approaches that combine human skill-based expertise with emerging technologies
for the healthcare industry, recently
announced that it is growing it's development team at Cloud
Practice Inc., which PHGI recently acquired, to support the Company's focus on
digitizing health care.
"The future of
healthcare is digitally driven and this strategic investment in growing Cloud
Practice's team will enable us to fast-track the build out of our app – a
much-needed technology innovation in healthcare," said Dr. Essam Hamza,
CEO of Premier Health. "Our goal is to tackle the accessibility
bottlenecks by putting the power in the hands of patients. Not only will our
app enable patients' access to their health care providers, but also allow for
cohesive patient care by coordinating and connecting all members of their
health care team."
In other recent news in the
sector, Reliq Health Technologies Inc. (TSXV:RHT) (OTCQB:RQHTF), a
technology company that develops innovative mobile health and telemedicine
solutions for the community-based healthcare market reported that it is
collaborating with Fitness and Wellness Consulting Services, LLC in Princeton,
New Jersey to provide a white-labeled version of Reliq’s platform to collect
and analyze population health data for participants in Fitness & Wellness
Consulting Services’ medically-supervised Wellness Programs.
Cloud
technology has been integrating into healthcare and healthy living for the past
3 years but now it seems the momentum has caught up to the potential, which
means a brighter, healthier future with all of our heads in the cloud.
Investorideas.com has created a directory of tech stocks,
including cloud stocks for investors following the sector.
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