Agreement is next step to provide AI based healthcare services in Africa
Mauldin, SC., March 29, 2023 —Xcelerate, Inc. (OTCQB: “XCRT”) today, announced that Afya Sasa Africa LLC, a subsidiary of Xcelerate signed an Agreement to implement its Artificial Intelligence (AI) based health services at Haydom Regional Rural Referral Hospital, also known as Haydom Lutheran Hospital (“HLH”) in Haydom, Tanzania. HLH is a 420-bed hospital serving 5.7 million people in North Central Tanzania. HLH provides for 12,635 inpatient admissions and 103,173 outpatient visits annually.
Dr. Dilan Ellegala, Senior Member of the Company’s Advisory Board and Co- Founder of Afya Sasa Africa commented “This is our chance to demonstrate the effectiveness of our platform for large regional ref hospitals serving remote rural communities.”
“This Agreement, our second in three weeks, is the culmination of one and a half years of work by the Afya Sasa team, as funded by Xcelerate, and we anticipate commencement of a revenue stream from this project by Q4 of 2023. Our business model projects revenue to come from multiple sources including member fees, technology (hospital) fees, prescription fees and virtual consultation fees (as a % of billings by the provider) as well as nationwide National Health System underwriting commitments once the system is fully integrated” commented Mike O’Shea, CEO of Xcelerate.
“Afya Sasa leverages the power of advanced artificial intelligence to assist the clinician in the proper diagnosis, testing, and treatment to enhance the effectiveness and efficiency of clinicians while providing the patient enhanced access to state-of- the-art care in line with the goals of the Government of Tanzania. Afya Sasa Africa can be customized to disease prevalence’s by country and even to specific regions within a country and can be accessible in English and Swahili. We believe Artificial Intelligence and Afya Sasa’s System can bridge the gap in unmet healthcare need in the developing world” notes Sri Perera, Afya Sasa Tanzania Managing Director.
The Afya Sasa system is powered by AdviNOW Medical and Afya Sasa has executed exclusive rights agreements for 10 initial priority markets across Africa including Tanzania, Kenya, Ethiopia, Uganda, Malawi, Zambia, Ghana, Zimbabwe, Botswana, South Africa and Egypt, representing a total catchment of 1 billion people.
ABOUT XCELERATE INC.
In May 2020, Xcelerate commenced implementation of a new business plan that encompasses two separate but related businesses within the medical industry, including (i) owning and licensing the rights to various forms of medical equipment and portfolio of patents, patents pending and technology licenses and (ii) development of virtual health technology to assist patients in developing countries initially in Africa to provide for their population to obtain medical care by extending the reach of physicians through the use of that technology.
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For more information:
Michael O’Shea, CEO, at 854-900-2020 email: info@xcelerate.global www.xcelerate.global