Patient Home Monitoring announced that it elected David Hayes as Chief Executive Officer and Jess Cuthbert as Chief Operating Officer of the company. As announced on January 14, 2015 PHM has transitioned David Hayes, current VP of Sales and former CEO of Resource Medical Group, to Chief Executive Officer. The company transitioned Jess Cuthbert, current VP of Operations and former owner of Resource Medical Group, to Chief Operations Officer. Michael Dalsin will remain on as Chairman of the Board of Directors and will continue to have an active role in leading the company and communicating with capital markets.

The company reported earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported revenues of $10,167,665, adjusted EBITDA of $2,376,402 and net profit before stock-based compensation of $1,570,222.