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Augmented Reality and Healthcare Tech Firms to Collaborate
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The companies aim to combine their expertise to co-create immersive and compelling instructive medical tools.

NexTech AR Solutions Corp. (NTAR:CSE;NEXCF:OTC) and Premier Health Group Inc. (PHGI:CSE; PHGRF:OTCQB; 6PH:FSE) signed a letter of intent to collaborate on creating augmented reality (AR)-enhanced, health-related educational products.

"This partnership marks an important step forward and the beginning of the company's move into the multibillion-dollar healthcare industry and the many applications of AR in healthcare including: vein visualization, surgical visualization and education," the release noted.

For one, the two are exploring ways to integrate NexTech's AR technology into Premier Health's medical app.

Also, they will partner on developing educational tools for healthcare professionals and patients, some for third parties. For medical providers, an AR component can make material interactive and engaging and, therefore, better retained. For patients, it can encourage them to be more proactive in gaining information and diagnosis themselves.

For third parties, NexTech and Premier will look into creating informational products on, say, medications for the pharmaceutical industry or on continuous positive airway pressure (CPAP) systems for sleep apnea medical groups.

Another area of exploration could be in developing AR treatment delivery options. "For example, in relation to physiotherapy, digital demonstrations can be mapped directly onto the movements patients perform as part of their recovery," according to the release.

"We are excited to work with the team at Premier Health to explore creating a custom AR and AI solution to address the healthcare market which represents another multi-billion-dollar vertical ripe for disruption," Evan Gappelberg, CEO of Nextech, commented. "AR allows medical knowledge, skills and expertise to be shared remotely in the moment, ensuring they get where they are needed most."

Dr. Essam Hamza, CEO of Premier Health, noted, "AR has the potential to revolutionize both the access to data and the delivery of healthcare. The technology will help doctors and patients alike—doctors will have access to the latest and most relevant information about their patients while patients can use AR for self-education and improving the quality of treatment they receive."


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: NexTech AR Solutions. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Premier Health Group Inc. and NexTech AR. Please click here for more information.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexTech AR Solutions and Premier Health Group, companies mentioned in this article.

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