InvestmentPitch Media Video Discusses Reliq Health’s Agreements to Add More than 10,000 Musculoskeletal and Respiratory Condition Patients to its Virtual Care Platform in 2022 – Video Available on Investmentpitch.com
February 16 2022 - 3:10AM
Reliq Health Technologies Inc. (TSXV:RHT) (OTCPink:RQHTF)
(FSE:MHN2), a rapidly growing global telemedicine company
developing innovative Virtual Care solutions for the
multibillion-dollar Healthcare market, is capitalizing on recent
changes to the Centers for Medicare and Medicaid Services billing
schedules to add a significant number of new patients to its
platform.
The new physician fee schedule that came into
effect on January 1st, extends the services offered to patients
with musculoskeletal or respiratory conditions by adding five new
Remote Therapeutic Monitoring/Treatment Management codes that are
now covered by CMS. Reliq Health has signed implementation plan
arrangements with current clients and anticipates onboarding more
than 10,000 new Remote Therapeutic Monitoring patients to its iUGO
Care platform this year at an average revenue of US$40 per patient
per month. Upon completion of the onboarding of these new clients,
which will begin later this month, Reliq could be generating an
additional revenue of CDN$6 million annually.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
For more information, please view the
InvestmentPitch Media video which provides additional information
about this news and the company, along with video comments from
Reliq Health’s CEO, Dr. Lisa Crossley. The video is available for
viewing on “InvestmentPitch.com” and on
“YouTube”. If these links are not enabled, please
visit www.InvestmentPitch.com and enter “Reliq” in
the search box.
COVID-19, along with the growing number of aging
baby boomers, have certainly accelerated the share of Medicare
visits conducted through telehealth which grew from 840,000 in 2019
to 52.7 million in 2020, according to a December 2021 report from
the US Department of Health & Human Services.
A recent study by McKinsey & Company confirms
this trend, stating: “Up to US265 billion worth of care services
for Medicare fee-for-service and Medicare Advantage patients could
shift from traditional facilities to the home by 2025.”
Based in Hamilton, Ontario, with offices in
Florida and Texas, Reliq specializes in developing innovative
Virtual Care solutions for the multibillion-dollar healthcare
market. The company’s powerful iUGO Care platform is a
comprehensive SaaS solution that allows complex patients to receive
high-quality care at home, improving health outcomes, enhancing the
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 emergency
room visits.
The shares are trading at $1.13. For more
information, please visit the company’s website,
www.ReliqHealth.com or email IR@ReliqHealth.com. Investor Relations
in the United States is handled by Ben Shamsian of Lytham Partners,
who can be reached at 649-829-9701 or by email at
shamsian@LythamPartners.com.
Disclaimer
The information in this Investmentpitch Media Ltd
video is for the viewers information only. Reliq Health
Technologies has paid a fee not exceeding $2,000 in cash to have
its current news release produced in video format. The corporate
information is based on information that is publicly available. Any
information provided by Investmentpitch Media Ltd., through its
media services is not to be construed as a recommendation or
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makes no warranties or undertakings as to the accuracy or
completeness of this information. All due diligence should be done
by the viewer or their financial advisor. Investing in securities
is speculative and carries risk.
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