Sika Health and
Electromedical Announce Partnership Enabling HSA/FSA Payments on
Electromedical eCommerce Site
SCOTTSDALE, AZ -- January 25, 2023 --
InvestorsHub NewsWire -- Electromedical
Technologies, Inc. (OTCQB:
EMED) ("Electromedical" or the "Company"), a pioneer in the
development and production of bioelectronic devices designed to
relieve chronic, intractable, and acute pain through frequency and
electro-modulation, and Sika Health, an HSA/FSA payment facilitator
for eCommerce merchants, are pleased to announce a partnership
enabling the direct acceptance of HSA/FSA payments on the
Electromedical eCommerce website (electromedtech.com).
"This is a game-changer in terms of our
ability to facilitate payments and tap into greater affordability
without sacrificing margins," remarked Matthew Wolfson, CEO and
Founder of Electromedical. "Sika's payment technology is seamless
and easy to use, and the Sika team has been exceptional to work
with."
The integration
between Sika's payment technology and Electromedical's direct
website enables millions who suffer from chronic pain to purchase
products through HSA/FSA without reimbursing through their
healthcare administrator via receipt.
Around 70 million
Americans hold HSA/FSA accounts. In
2020 alone, workers lost $4.2 billion in expired FSA benefits.
However, few online merchants offer a payment gateway that enables
consumers to spend these dollars directly.
The partnership between Sika Health and
Electromedical aims to close this gap and offer patients a seamless
way to take full advantage of their benefits.
Sika Health CEO, Ami Kumordzie MD/MBA,
stated, "We look forward to working with Electromedical
Technologies to offer patients a way to buy FDA cleared products
for pain relief, such as the WellnessPro Plus, directly with their
HSA/FSA funds. We are pleased to increase access to personal
wellness products like WellnessPro Plus that can reduce dependency
on medications at a more affordable cost."
About Sika
Health
Sika enables online shoppers to pay
using their HSA/FSA funds as easily as spending a gift card. No
eligibility checks, paperwork or delays – customers simply select
Sika at checkout, enter their HSA/FSA card details, and we take
care of the rest.
About Electromedical
Technologies
Headquartered in Scottsdale, Arizona,
Electromedical Technologies, Inc. is a commercial stage, FDA
cleared, bioelectronic medical device manufacturing company
initially focused on the treatment of various chronic, acute,
intractable, and post-operative pain conditions. Through University
collaboration agreements, the Company is working to develop a
comprehensive research program in defining the effects of
electro-modulation on the human body. By studying the impacts of
electrical fields in cell signaling and effects on virus assembly
and immune responses, the Company's goal is to reduce pain and
improve overall human wellbeing. The Company's current FDA cleared
product indications are for chronic acute post traumatic and
post-operative, intractable pain
relief.
For more information, please
visit
www.electromedtech.com.
Note: Nonhuman preliminary studies that
we are planning to start in the near future and their applications
are not related to our current product in any way and are currently
not cleared in the US.
Safe Harbor
Statement
This release
contains forward-looking statements that are based upon current
expectations or beliefs, as well as a number of assumptions about
future events. Although we believe that the expectations reflected
in the forward-looking statements and the assumptions upon which
they are based are reasonable, we can give no assurance or
guarantee that such expectations and assumptions will prove to have
been correct. Forward-looking statements are generally identifiable
by the use of words like "may," "will," "should," "could,"
"expect," "anticipate," "estimate," "believe," "intend," or
"project" or the negative of these words or other variations on
these words or comparable terminology. The reader is cautioned not
to put undue reliance on these forward-looking statements, as these
statements are subject to numerous factors and uncertainties,
including but not limited to: adverse economic conditions,
competition, adverse federal, state and local government
regulation, international governmental regulation, inadequate
capital, inability to carry out research, development and
commercialization plans, loss or retirement of key executives and
other specific risks. To the extent that statements in this press
release are not strictly historical, including statements as to
revenue projections, business strategy, outlook, objectives, future
milestones, plans, intentions, goals, future financial conditions,
events conditioned on stockholder or other approval, or otherwise
as to future events, such statements are forward-looking, and are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks
and uncertainties that could cause actual results to differ
materially from the statements made.
Corporate
Contact
Electromedical Technologies,
Inc.
Tel: 1.888.880.7888
Email:
ir@electromedtech.com
https://electromedtech.com
Public
Relations
EDM Media, LLC
https://edm.media
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