Reliq Health Technologies, Inc. Announces Six New US Contracts, New Management Hire
November 04 2021 - 3:01AM
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or
WKN:A2AJTB) (“
Reliq” or the
“
Company”), a rapidly growing global medtech
company that develops innovative Virtual Care solutions for the
multi-billion dollar Healthcare market, today announced that it has
signed contracts with six new clients in the US including three
home health agencies, a nephrology practice and two primary care
physician practices. The Company has also announced that it has
hired a new CFO in Ontario to complete the consolidation of
operations to the corporate headquarters in Hamilton.
“We continue to add new clients at an
accelerating rate, with a significant percentage of our new clients
coming from referrals,” said Dr. Lisa Crossley, CEO of Reliq Health
Technologies, Inc. “The fact that so many of our new clients
reached out to us after hearing about the iUGO Care platform from
our existing clients is a strong testament to the compelling value
proposition of our platform. We have clearly proven that using the
iUGO Care platform improves health outcomes and reduces
hospitalizations for chronic disease patients and generates
significant new revenue for clinicians. A typical physician
practice can bring in over $1 Million in new payments from the
Centers for Medicare & Medicaid Services (CMS) at profit
margins of over 75% by implementing iUGO Care. Proactive,
preventative virtual care has the potential to save CMS tens of
billions of dollars a year, so using iUGO Care is a win for every
constituent in the healthcare system – patients, clinicians and
payors. We expect to onboard over 3,500 patients with these new
clients at an average revenue of over $50 USD per patient per month
for Reliq. Onboarding will begin next month and is expected to be
completed in Q1 Calendar Year 2022.”
“We are also pleased to announce that we have
hired a new CFO here in Ontario to complete the consolidation of
our Canadian operations to the Company headquarters in Hamilton,’
continued Dr. Crossley. “We are very excited to welcome Michael
Frankel, CFA, aboard as our new CFO. Michael has worked with a wide
variety of global companies ranging from members of the Fortune 100
to early stage start ups. He has experience on all sides of the
table having worked as a CFO, Venture Capitalist and Investment
Banker. As an Investment Banker in New York City his clients
included Google, Samsung, and Microsoft. Michael’s experience
working with US companies will be particularly helpful as Reliq
prepares to uplist to the NASDAQ in 2022. As previously disclosed,
Reliq will also be hiring a Controller to support the anticipated
growth going forward. The Company would like to thank outgoing CFO
Mathew Lee in Vancouver for his significant contributions to Reliq
over the last year and a half.”
Reliq HealthReliq Health
Technologies is a rapidly growing global medtech company that
specializes in developing innovative Virtual Care solutions for the
multi-billion dollar Healthcare market. Reliq’s powerful iUGO Care
platform supports care coordination and community-based virtual
healthcare. iUGO Care allows complex patients to receive high
quality care at home, improving health outcomes, enhancing quality
of life for patients and families and reducing the cost of care
delivery. iUGO Care provides real-time access to remote patient
monitoring data, allowing for timely interventions by the care team
to prevent costly hospital readmissions and ER visits. Reliq Health
Technologies trades on the TSX Venture under the symbol RHT, on the
OTC as RQHTF and on the WKN as A2AJTB.
ON BEHALF OF THE BOARD“Dr. Lisa Crossley”CEO and Director
For further information please contact:
Company ContactInvestor Relations
at ir@reliqhealth.com
US Investor Relations ContactInvestor
RelationsLytham Partners, LLCBen ShamsianNew York |
Phoenix646-829-9701shamsian@lythampartners.com
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Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward
Looking Information
Certain statements in this press release
constitute forward-looking statements, within the meaning of
applicable securities laws. All statements that are not historical
facts, including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives,
assumptions, expectations or beliefs of future performance, are
"forward-looking statements".
We caution you that such "forward-looking
statements" involve known and unknown risks and uncertainties that
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Reliq Health Technologies Inc. (the
"Company") does not intend and does not assume any
obligation, to update these forward-looking statements except as
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development and marketing activities, the Company's historical
experience with technology development, uninsured risks. Actual
results may differ materially from those expressed or implied by
such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
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