Core Insights - Amesite Inc. has successfully adopted its hospice documentation tool, NurseMagic™, addressing the critical issue of proper documentation in hospice care, which is essential for reimbursement [1] - The hospice care segment is experiencing rapid growth, with a reported 4.61% CAGR, and is projected to increase from 39.09 billion by 2030, highlighting the need for improved documentation solutions [4] Company Developments - Over the last three months, deal sizes with hospice providers have surged by nearly 1,000%, and NurseMagic™ sales have increased by over 3,000% as the company ramps up enterprise sales nationally [2][3] - The company has expanded its capabilities to support entire care teams, including nurses and non-clinical staff, enhancing the efficiency of hospice care documentation [3] Market Context - End-of-life care currently accounts for 21% of a person's lifetime healthcare costs, emphasizing the importance of hospice care in improving healthcare efficiency and patient satisfaction [3] - The rapid consumer acceptance of hospice care underscores the growing demand for effective documentation tools, which are critical for the segment's growth [4] Product Features - NurseMagic™ significantly reduces documentation time from 20 minutes to just 20 seconds, improving operational efficiency and financial performance for healthcare providers [5] - The platform is designed to meet HIPAA regulations while providing seamless integration into healthcare workflows, serving B2B and B2C users across 50 states and 21 countries [5]
Amesite Announces NurseMagic™ Sales Growth for Hospice Care Team with Documentation Solution to Ensure Reimbursements, Reduce Audit Risk for Owners