Sika Health and Electromedical Announce Partnership Enabling HSA/FSA Payments on Electromedical eCommerce Site
Scottsdale, Ariz., January 25, 2023 /PRNewswire/ — Electromedical Technologies, Inc. (OTC-QB: EMED) (the “Electromedical” or the “Company”), is a leader in the development and production of bioelectronic devices designed to relieve chronic, intractable and acute pain through frequency. and Electro-Modulation, and Sika Health, HSA/FSA payment facilitator for e-commerce merchants, is pleased to announce a partnership enabling direct acceptance of HSA/FSA payments on the Electromedical eCommerce website (electromedtech.com).
“This is a game-changer in terms of our ability to tap into greater affordability without sacrificing payment convenience and margin,” commented Matthew Wolfson, CEO and Founder of Electromedical. “Sika’s payment technology is intuitive and easy to use, and the Sika team has been exceptional to work with.”
Integration between Sika’s payment technology and Electromedical’s direct website enables millions of people who suffer from chronic pain to purchase products through an HSA/FSA without having to be reimbursed through their healthcare administrator via receipt .
About 70 million Americans hold HSA/FSA accounts. Workers lost in 2020 alone $4.2 billion In ending FSA benefits. However, some online merchants provide payment gateways that enable consumers to spend these dollars directly.
The partnership between Sika Health and Electromedical aims to bridge this gap and provide patients with a seamless way to take full advantage of their benefits.
“We look forward to working with Electromedical Technologies to enable patients to receive FDA-approved products for pain relief, such as WellnessPro Plus, directly from their HSA/FSA funds,” said Ami Kumordzie MD/MBA, CEO of Sika Health. We are pleased to expand access to personalized wellness products like WellnessPro Plus that can reduce dependence on prescription drugs 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 phase, FDA approved, bioelectronics 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 to define the effects of electro-modulation on the human body. By studying the effects of electric fields on cell signaling and on virus assembly and immune responses, the company aims to reduce pain and improve overall human well-being. The company’s current FDA-approved product indications are for the relief of chronic acute post traumatic and post-operative, intractable pain.
For more information please visit www.electromedtech.com.
Note: The nonhuman preliminary studies we plan to begin in the near future and their applications are not related to our current product in any way and are not currently approved in the US.
safe harbor statement
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Electromedical Technologies, Inc.
Email: [email protected]
EDM Media, LLC
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SOURCE Electromedical Technologies, Inc.