Reliq Health Technologies, Inc. Signs Agreement with Cognizant to Expand Care Management Capabilities to Large Scale Clients
January 05 2022 - 3:01AM
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or
WKN:A2AJTB) (“
Reliq” or the
“
Company”), a rapidly growing global healthcare
technology company that develops innovative Virtual Care solutions
for the multi-billion dollar Healthcare market, today announced an
agreement with Cognizant to leverage Cognizant’s Care Management
resources for future deployments of Reliq’s iUGO Care software to
large scale clients. Cognizant provides services to 300+ health
systems and over 347,000 care providers who together provide care
to over 200 million lives globally.
“We are excited to be expanding our Care
Management capabilities by leveraging Cognizant’s extensive
resources, network, and experience in healthcare,” said Dr. Lisa
Crossley, CEO of Reliq Health Technologies, Inc. “Cognizant will be
able to rapidly deploy a full suite of Care Management services to
our largest new iUGO Care customers going forward. Reliq will
continue to achieve the same or better profit margins on the Care
Management component of our revenue as a result of this partnership
but will be able to deploy our full-service solution (iUGO Care
software plus Care Management services) to very large clients much
faster. Our agreement with Cognizant will allow us to scale to new
levels and provide even the largest healthcare organizations with
confidence that we can meet the needs of their patient populations,
no matter the size. This agreement will allow Reliq to access new
opportunities to provide virtual care to much larger patient
populations both within the US and globally.”
Reliq’s iUGO Care solutions improve health
outcomes, allow clinicians to provide high quality care to patients
anytime, anywhere, and reduce the cost to the healthcare system,
benefiting patients, clinicians and payers. Reliq’s iUGO Care and
iUGO Home products are a critical component of a fully connected
healthcare system. Reliq’s remote patient monitoring platform, iUGO
Care, is currently used by a diverse array of healthcare
organizations in the US. These include primary care practices,
specialist practices, home care agencies, skilled nursing
facilities, HIV clinics and hospice care agencies. The agreement
with Cognizant will expand Reliq’s capabilities and extend its
reach, allowing Reliq to provide its iUGO Care solution to managed
care organizations, large health systems and health insurance
providers.
About CognizantCognizant
(Nasdaq: CTSH) engineers modern businesses. We help our clients
modernize technology, reimagine processes and transform experiences
so they can stay ahead in our fast-changing world. Together, we're
improving everyday life. See how at www.cognizant.com or
@cognizant.
Reliq HealthReliq Health
Technologies is a rapidly growing global healthcare technology 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
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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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