IMAC Holdings, Inc. Partners with Safe Balance, LLC to Provide Services that Improve Balance for the Reduction of Fall Risk
September 23 2020 - 9:15AM
IMAC Holdings, Inc. (Nasdaq: IMAC), a provider of innovative
medical advancements and care specializing in regenerative
rehabilitation orthopedic treatments without the use of surgery or
opioids, today announced a partnership with Birmingham,
Michigan-based Safe Balance, LLC to implement multi-factorial fall
risk assessment services for individuals with balance deficiencies.
According to the Centers for Disease Control and
Prevention, one in four Americans ages 65 and older experience a
significant fall each year. Falls are also the leading cause of
fatal injury and the most common cause of nonfatal trauma-related
hospital admissions among older adults.
Safe Balance utilizes a proprietary and patented
software program that guides the medical provider gathering
specific information and performance measures on a person’s fall
risk categories, including prior fall history, vision, standing
balance, gait/ambulation, pain, and medication use. The program
then generates an evidence-based risk mitigation framework based on
the risks identified providing a more detailed and focused guide
for the medical provider.
“Visitors to our IMAC Regeneration Centers have
varying physical stability and risk for falls. The unique Safe
Balance program allows our medical teams to both rapidly assess
this risk using a simple app and provide real time recommendations
to mitigate that risk and improve overall outcomes during their
therapy period,” said Sandy Miller, PT and Vice President of
Clinical Development at IMAC Holdings. “In addition, this new tool
for our physical therapists fits perfectly into our philosophy and
business model as it provides measurable and actionable steps
toward the improvement of movement and overall health using a
non-invasive methodology, while avoiding the need for additional
and potentially unnecessary medications. The successful launch in
our test market demonstrated the potential to expand our patient
base as well as generate new revenue with a new service line.”
The Safe Balance program has been implemented
throughout the United States in various medical offices,
specialties, ancillary care providers and comprehensive healthcare
systems.
“Establishing this partnership with IMAC is
truly transforming the level of care to the patients we serve,”
said Safe Balance Vice President of Clinical Services, Nathan
Clinton-Barnett. “With IMAC’s continuous success in treating
patient conditions through innovative and ground-breaking clinical
application, the inclusion of the Safe Balance program made
complete sense. There is little doubt that this partnership will
yield substantial quality outcomes for patients along with
decreased costs to the United States healthcare system through the
proactive reduction in catastrophic falls.”
About IMAC Holdings, Inc.
IMAC Holdings was created in March 2015 to
expand on the footprint of the original IMAC Regeneration Center,
which opened in Kentucky in August 2000. IMAC Regeneration Centers
combine life science advancements with traditional medical care for
movement restricting diseases and conditions. IMAC owns or manages
15 outpatient clinics that provide regenerative, orthopedic and
minimally invasive procedures and therapies. It has partnered with
several active and former professional athletes, opening six Ozzie
Smith IMAC Regeneration Centers, two David Price IMAC Regeneration
Centers, as well as Mike Ditka IMAC Regeneration Centers and a Tony
Delk IMAC Regeneration Center. IMAC’s outpatient medical clinics
emphasize its focus around treating sports and orthopedic injuries
and movement-restricting diseases without surgery or opioids. More
information about IMAC Holdings, Inc. is available at
www.imacregeneration.com.
About Safe Balance
Safe Balance is a Michigan-based company with
the mission to utilize evidence-based methods and technology to
assess a person's risk of experiencing a fall, in order to
facilitate the best method of care to mitigate that risk. The team
is made of seasoned clinicians supported by strategic alliances
with major universities and researchers. The Safe Balance program
has demonstrated to significantly reduce the occurrence of falls by
over 20% each month of implementation and has enhanced the
clinical/quality capabilities of hospital systems, physician
offices, home health agencies, outpatient therapy companies,
private-duty care companies, ACO’s and senior housing
communities.
# # #
Safe Harbor Statement
This press release contains forward-looking
statements. These forward-looking statements, and terms such as
“anticipate,” “expect,” “believe,” “may,” “will,” “should” or other
comparable terms, are based largely on IMAC's expectations and are
subject to a number of risks and uncertainties, certain of which
are beyond IMAC's control. Actual results could differ materially
from these forward-looking statements as a result of, among other
factors, risks and uncertainties associated with its ability to
raise additional funding, its ability to maintain and grow its
business, variability of operating results, its ability to maintain
and enhance its brand, its development and introduction of new
products and services, the successful integration of acquired
companies, technologies and assets, marketing and other business
development initiatives, competition in the industry, general
government regulation, economic conditions, dependence on key
personnel, the ability to attract, hire and retain personnel who
possess the skills and experience necessary to meet customers’
requirements, and its ability to protect its intellectual property.
IMAC encourages you to review other factors that may affect its
future results in its registration statement and in its other
filings with the Securities and Exchange Commission. In light of
these risks and uncertainties, there can be no assurance that the
forward-looking information contained in this press release will in
fact occur.
###
IMAC Press Contact: Laura Fristoelfristoe@imacrc.com
Investor Relations: Bret Shapiro(516)
222-2560brets@coreir.com
Safe Balance Press Contact:Sheila
Bullardsheila@safe-balance.com
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