Reliq Health Technologies, Inc. Announces Five New Contracts in the US, Expansion of Mental Health Care Capabilities
March 16 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 five new contracts with three primary care
practices and two home health agencies in the US. The Company is
also pleased to be expanding its mental health care capabilities
beyond Behavioural Health Integration (BHI) to also support
Collaborative Care Management (CoCM).
“We are pleased to be adding these five new
clients,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies,
Inc. “These providers will add over 2,000 new patients to our iUGO
Care platform. The contracts include a one-time payment of $400,000
for hardware (medical monitoring devices) and are expected to
generate an average recurring revenue of over $70 per patient per
month. Onboarding is expected to begin next month. We are also
excited to be expanding our support for mental health care by
adding Collaborative Care Management (CoCM) to our platform. Our
CoCM module allows primary care physicians and specialists to
proactively care for patients with behavioural, mental health or
psychiatric conditions including addiction. CoCM is an additional
level of care that can be offered to patients who aren’t responding
to Behavioural Health Integration services alone. The Centers for
Medicare and Medicaid Services (CMS) reimburse clinicians an
average of $230 per patient per month for CoCM services, in
addition to any payments the provider is receiving from CMS for
other virtual care services provided to the patient including
Remote Patient Monitoring (RPM) and Chronic Care Management (CCM).
CoCM therefore provides a new revenue stream for clinicians while
improving care for patients with the most challenging mental health
and addiction issues.”
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.
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Apr 2023 to Apr 2024