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Amesite Inc. (Nasdaq: AMST) Develops and Markets B2C and B2B AI-driven Solutions for the Healthcare Market

Newly Launched NurseMagic™App Targets Large Addressable Market of 5.2 Million Registered Nurses and 3.9 Million Home Health Care Workers

NurseMagic Registered Users currently in all fifty (50) states and six (6) countries

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    Five (5) Home Health Care Companies with a cumulative employee count of 30,000 are conducting pilot programs with NurseMagic™

    Ranked in Top 100 of free medical apps in Apple App Store in the first four weeks of its addition. Five Star Rating by Apple Users

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    Turnkey and AI-supported professional training platform for the Healthcare Market that improve patient care, reduce costs and drive revenue:

    The home health care sector faces significant challenges, with turnover rates reaching nearly 80% within the first 100 days in 2024. Additionally, 25% of patient referrals are turned away due to staffing shortages​.

    NurseMagic addresses these issues by streamlining daily tasks, standing to reduce charting time by 94% with NurseNotes, and improving patient communication through tools like CareTalk and MedExplainer. By alleviating administrative burdens and offering real-time support, NurseMagic helps agencies retain staff, reduce costs, and improve patient care amidst growing market demands​.

    Initial Target Markets

    26,000 skilled nursing and home health care facilities in the US including:

    • Skilled Nursing
    • Assisted Living 
    • Physical Rehabilitation 
    • Memory Care
    • Residential
    • Continuing Retirement Communities
    • Home Health

     

    Amesite Retention Rate
    98%
    Industry Average 
    Retention Rate
    68%

    Market Pain

    About 80% of home health care workers leave within the first 100 days, requiring costly employee replacement

    Approximately 16% of an employee’s annual salary is the estimated cost of replacing that employee

    Almost 25% of referred home health care patents are not accommodated because of chronic staffing shortages

    Reduction in burnout through real time on-the-job support = Higher Employee Retention = Lower Total Employee Costs

    Value Proposition for Target Market Clients: 15X Anticipated Return on Investment (ROI)*

    • Improved Patient Care - coaching staff in real time to support Value Based Care
    • Reduced Cost - staff complete documentation up to 95% faster
    • Increased Revenue - efficient teams can handle larger workloads
    Simple and Painless Purchase and Deployment
    • No Integration Required with Existing System - app supports staff directly - on their own phones
    • 24/7 User Support
    • Easy Deployment through In-App Onboarding

      *30% increase in labor efficiency at a cost of 2% of the average home health care worker’s wage

     

    Experienced CEO with a Successful Track Record: Dr. Ann Marie Sastry

    • Founding CEO of Sakti3 (acquired by Dyson in 2015 for $90M Dyson Buys Solid-State Battery Startup Sakti3 For $90 Million (greencarreports.com)).
    • Recognized at the White House by President Obama at the White House in 2015 for her technology entrepreneurship.
    • Her technology and business work have been featured in WSJ, Fortune, Forbes, The Economist, USA Today, New York Times and on the cover of Inc.magazine
    • Arthur F. Thurnau Professor (UM’s highest teaching honor) at the University of Michigan, 17 years.
    • Co-authored over 100 publications and 100 patents and filings and delivered over 100 invited lectures and seminars globally (NIH, NSF, NAE, MIT, Stanford, UC Berkeley, Oxford, Cambridge, etc.).
    • Boards of the International Council on Clean Transportation (ICCT), the Alpha House Family Homeless Shelter, Lucius Partners and others.
    • Earned PhD and MS degrees from Cornell University, and a BS degree from the University of Delaware, all in Mechanical Engineering.

     



    Investment Highlights

    An Innovative Business Model for B2C and B2B focused on the nursing profession suffering from challenging shortages

    Recently launched “First to Market” AI powered mobile app approaching monetization

    Prospects for significant month to month revenue increases upon monetization

    Low operational costs going forward due to AI and viral marketing

    Ability to customize app for enterprise customers

    Shareholder Update

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