Reliq Health Technologies, Inc. Announces Contracts with Three New Clients in California
November 16 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 three new clients in California including a
hospice care organization, a home health agency network and a care
management network.
“We are very excited to be expanding our
business in California,” said Dr. Lisa Crossley, CEO of Reliq
Health Technologies, Inc. “These three healthcare organizations
together have over 200 physician practices and over 50,000 eligible
Medicare patients throughout the state. California has the largest
number of Medicare beneficiaries of any state, with over 4.5
Million Medicare-enrolled residents. As the population ages, the
percentage of Californians covered by Medicare will continue to
rise faster than the national average. Over 79% of Medicare
patients in California or over 3.5 Million individuals have two or
more chronic conditions. Medicare reimbursement in California is
among the highest in the US, and physician practices in California
can receive more than $400 per patient per month from the Centers
for Medicare & Medicaid Services (CMS) for services provided
using Reliq’s iUGO Care platform. The Company expects to generate
over $65 per patient per month through these contracts. Onboarding
with the first two physician practices is expected to begin next
month.”
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
Neither the TSX Venture Exchange nor its
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
could cause actual and future events to differ materially from
those anticipated in such statements.
Forward-looking statements include, but are not
limited to, statements with respect to commercial operations,
including technology development, anticipated revenues, projected
size of market, and other information that is based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management.
Reliq Health Technologies Inc. (the
"Company") does not intend and does not assume any
obligation, to update these forward-looking statements except as
required by law. These forward-looking statements involve risks and
uncertainties relating to, among other things, technology
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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