Silver Scott Mines, Inc. Division Silver Scott Health, Inc. Announces Revenue Share Agreement with Northern Medical Supplies, LLC to Launch Advanced AI-Powered Remote Patient Monitoring Solution

Rhea-AI Summary

Silver Scott Mines' healthcare division Silver Scott Health has signed a revenue share agreement with Northern Medical Supplies to launch an AI-powered remote patient monitoring solution. The software platform integrates with existing telehealth and wearable technologies, providing healthcare providers with real-time insights, automated notifications, and customizable care recommendations. The HIPAA-compliant solution features advanced encryption and aims to improve patient monitoring accuracy while reducing the need for in-person visits. The partnership leverages Northern Medical Supplies' distribution network to expand Silver Scott Health's reach in the digital healthcare market.

Positive

• Partnership with established distributor Northern Medical Supplies expands market reach
• Launch of new AI-powered healthcare monitoring solution creates revenue opportunity
• Integration with existing telehealth systems reduces implementation barriers
• HIPAA compliance and advanced encryption ensure market readiness

Negative

• No specific revenue projections or financial terms disclosed
• No timeline provided for product launch or revenue generation
• Competitive landscape and market differentiation not addressed

FRANKLIN, NEW JERSEY / ACCESS Newswire / June 3, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS), through its healthcare technology division Silver Scott Health, Inc., is pleased to announce the signing of a revenue share agreement with Northern Medical Supplies, LLC. This partnership marks a significant milestone in Silver Scott Health's mission to transform digital healthcare delivery by launching a next-generation AI software package designed to dramatically improve remote patient monitoring.

Under the terms of the agreement, Silver Scott Health will distribute an innovative AI-driven software platform that empowers healthcare providers to monitor patients remotely with unprecedented accuracy, efficiency, and security. This solution leverages the latest advancements in artificial intelligence to deliver real-time insights, detect health trends and anomalies, and enable proactive interventions-ultimately enhancing patient outcomes and reducing the need for frequent in-person visits.

The AI software integrates seamlessly with existing telehealth and wearable technologies, providing healthcare professionals with a comprehensive dashboard for patient data, automated notifications for abnormal measurements, and customizable care recommendations. These features streamline clinical workflows, support physician decision-making, and ensure that patients receive timely, personalized care regardless of location.

Stuart Fine, CEO of Silver Scott Mines, commented:

"This agreement with Northern Medical Supplies accelerates our vision of making preventive, AI-powered healthcare accessible and affordable at scale. By combining our expertise in digital health with Northern's established distribution network, we are poised to deliver transformative solutions that address the pressing challenges of today's healthcare landscape."

The new AI-powered remote patient monitoring solution is fully compliant with HIPAA regulations, utilizing advanced encryption and permissioned access to safeguard patient data. This ensures trust, transparency, and control for both providers and patients, while also supporting scalable preventive health initiatives that can help reduce downstream healthcare costs.

This partnership further positions Silver Scott Health at the forefront of the digital health revolution, building on its recent strategic moves to integrate artificial intelligence and blockchain technology into healthcare services. The company remains committed to expanding access to innovative medical solutions and creating long-term value for its shareholders.

About Silver Scott Mines, Inc.
Silver Scott Mines, Inc. (OTC PINK:SILS) is a diversified digital technology company with interests in healthcare, blockchain, and real-world asset tokenization. Through its Silver Scott Health division, the company is dedicated to modernizing healthcare delivery and driving innovation in preventive health.

About Northern Medical Supplies, LLC
Northern Medical Supplies, LLC is a leading provider of medical equipment and healthcare solutions, serving clinics, hospitals, and providers across the United States.

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. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.

For further information, please contact:
Investor Relations
Silver Scott Mines, Inc.
Stuart Fine
908-356-9852
stuartfine@silverscottmines.com

SOURCE: Silver Scott Mines, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the revenue sharing agreement between Silver Scott Mines (SILS) and Northern Medical Supplies?

Silver Scott Mines' healthcare division has partnered with Northern Medical Supplies to distribute an AI-powered remote patient monitoring software platform, though specific revenue sharing terms were not disclosed.

What features does Silver Scott Health's new AI monitoring platform offer?

The platform offers real-time health insights, automated notifications for abnormal measurements, customizable care recommendations, and integration with existing telehealth and wearable technologies.

How does Silver Scott Health's AI monitoring solution ensure patient data security?

The solution is HIPAA-compliant and uses advanced encryption and permissioned access to protect patient data.

What is the expected launch date for Silver Scott Health's AI monitoring platform?

The press release does not specify an exact launch date for the AI monitoring platform.

How will this partnership affect Silver Scott Mines (SILS) shareholders?

The partnership aims to create long-term value for shareholders by positioning the company in the digital health market, though specific financial impacts were not detailed.