Reliq Health Technologies, Inc. Announces New Contracts in Texas, California and Puerto Rico; Increased CMS Reimbursement Amounts
January 18 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
that it has signed new contracts with five physician practices in
Texas, Puerto Rico and California.
“We are pleased to be adding these five
practices to our platform,” said Dr. Lisa Crossley, CEO of Reliq
Health Technologies, Inc. “These new clients include primary care,
internal medicine, nephrology and orthopedic practices. These
contracts will add over 3,000 patients to our platform by the end
of Q2 at an average revenue of over $60 USD per patient per month.
The Centers for Medicare & Medicaid Services (CMS) have
increased reimbursement amounts by over 8% relative to 2021 for
existing covered services including Remote Patient Monitoring
(RPM), Chronic Care Management (CCM), Behavioural Health
Integration (BHI) and Transitional Care Management (TCM). Effective
January 1st, 2022, CMS has also introduced five new billing codes
for Remote Therapeutic Monitoring (RTM), which allows for
monitoring of both physiologic and non-physiologic data (e.g.
medication adherence) for patients who have musculoskeletal
conditions or asthma. These increased financial incentives clearly
demonstrate CMS’s commitment to funding proactive, preventative
healthcare programs aimed at preventing complications and
hospitalizations in patients with chronic conditions, improving
health outcomes and reducing healthcare costs. Market demand for
Reliq’s products continues to grow as more clinicians recognize the
benefits of iUGO Care for both their patients and their
practices.”
Reliq HealthReliq Health
Technologies is a rapidly growing global healthcare technology
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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