Accordingly, IT IS ORDERED that FINRA’s motion to strike EyeCity’s filing of a record and index is granted, and it is further ORDERED, pursuant to Rule 450(a) of the Rules of Practice, that a brief in support of the application for review shall be filed by May 8, 2020. A brief in opposition shall be filed by July 6, 2020, and any reply brief shall be filed by September 18, 2020.
Simply described, the Company has developed and will continue to develop a platform of healthcare providers ( doctors, facilities, etc.), who will be paid through the system. Patients find healthcare services with up front prices through the Company's platform. Appointments can be booked either directly with healthcare providers on the system or through both internet access and directories, or quite uniquely through Amazon Alexa and Google Home. Those platforms are already up and operational. The cost of services is transparent to the user, which is an enormous advantage over current systems. When an appointment is booked, the CarePay system through a smart contract places the patient's payment for the service into a sort of electronic escrow so that the healthcare provider is assured payment. Upon delivery of the services, the payment is transferred to the provider. CareX takes a small fee (2-3%) for performing the escrow service, which is its revenue and compensation. This system enables patients and businesses to bypass traditional insurance and healthcare costs at a time when they are sky rocketing and increasingly unavailable to the uninsured and underinsured. Healthcare providers are assured payment for their services, and as such can charge a much more reasonable rate. As you may be aware, more than 50% of healthcare costs are effectively written off by healthcare providers nationwide which has the impact of increasing everyone else's cost.