Full Press Release Details
VSee Health Announces $870K Contract with National
Mental Health Services Company
SAN JOSE, Calif.--January 27, 2025--VSee
Health, Inc. (Nasdaq: VSEE), a leader in comprehensive digital health services and customized telehealth workflow streams, announces
a contract renewal of approximately $870K with a nationwide provider of mental and behavioral healthcare services. This renewal underscores
VSee's exceptional client retention and the unmatched value of its platform in enabling the delivery of high-quality mental healthcare
"Now more than ever, telehealth is an essential
part of providing mental and behavioral health services," notes Dr. Milton Chen, Co-CEO of VSee Health. "VSee is dedicated
to delivering simple, secure, high-quality video that is foundational to providing virtual mental health care. Moreover, this renewal
reflects our continued commitment to advance mental health care through impactful technology including AI tools to optimize clinician
workflows and improve outcomes for all."
VSee is recognized for the flexibility and scalability
of its platform. Through the use of its lego-like digital health building blocks, VSee provides fast deployment of workflows designed
for mental and behavioral health such as PHQ-9 and GAD-7 assessments, custom intake forms, automated client-provider state-matching, anonymized
group calls, and a simple no-download patient experience.
VSee Growth Potential in TeleMental and TeleBehavioral
The digital mental health market is expected to
grow from $23.63 billion in 2024 to $27.56 billion in 2025, with a CAGR of 16.6%, according to The Business Group. This growth is attributed
to the rise of mental health disorders and the increasing adoption of telehealth services and digital mental health tools. VSee is poised
to take advantage of this growth with its secure, scalable, ready-to-customize digital health platform with seamless integration and actionable
data insight capabilities.
Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.
Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects, "intends,"
"plans," "estimates," "assumes," "may," "should," "will," "seeks,"
or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company's ability to
regain compliance with Nasdaq's listing rules within the required timeframe. These statements are based on current expectations
on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly,
including those risks set forth in the Company's most recent Annual Report on Form 10-K and any subsequent Quarterly Reports
on Form 10-Q and other documents filed with the SEC. Copies of such filings are available on the SEC's website at www.sec.gov
. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments
or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
VSee Health's AI telehealth platform is
the fastest way for enterprises to go from ideation to market go-live. Field-hardened on over 1.5M HIPAA-compliant video encounters every
month, its customizable building blocks meet stringent government security standards, and are ready to scale. VSee Health has traveled
for field deployments to over 50 countries such as Iraq, Syria, Marshall Islands and El Salvador. Its clients include NASA Space Station,
US Department of Health and Human Services, McKesson, Magellan, DaVita, GE, countless startups, and the entire country of Qatar.
VSee Health offerings also include turnkey solutions
for critical shortage areas such as critical care and teleradiology. It is committed to empowering high quality healthcare access and
reducing physician burnout and workforce shortages through its telehealth technology. Visit vseehealth.com.