InvestmentPitch Media Video Discusses Reliq Health’s Signing of New Contracts in California, Texas and Nevada, with Two Physician Practices, a Hospital and a Skilled Nursing Facility
April 22 2022 - 6:00AM
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, has signed new contracts in
California, Texas and Nevada, with two physician practices, a
hospital and a Skilled Nursing Facility.
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Dr. Lisa Crossley, CEO, stated: “We are excited to
be adding our first hospital client to the iUGO Care platform. Both
the Skilled Nursing Facility and the hospital will be using the
iUGO Care Transitional Care Management (TCM) module along with
Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and
Behavioral Health Integration (BHI) to improve health outcomes for
patients who are transitioning from an inpatient facility to the
community. Transitional Care Management helps ensure continuity of
care for patients post-discharge, preventing complications that
lead to readmissions. Under the Centers for Medicare & Medicaid
Services (CMS) Value-Based programs, hospitals and SNFs are
assessed penalties for high rates of readmissions and can earn
bonuses for low rates of readmission. According to data published
by CMS, in FY2021 over 70% of SNFs and over 80% of all hospitals
governed by CMS Value-Based programs were assessed penalties due to
excessive readmissions. Preventing readmissions not only provides
financial benefits to these inpatient facilities but also improves
quality of life and long-term health outcomes for patients.”
With a Skilled Nursing Facility, trained
registered nurses provide the same level of nursing care you
receive in a hospital, in a medical setting, under a doctor’s
supervision. After an illness, injury or surgery, patients may go
from a hospital to a Skilled Nursing Facility to continue
recovering, where in addition to skilled nursing, the care may
include rehabilitative services from licensed physical,
occupational or speech therapists. A Skilled Nursing Facility
provides transitional care, which is covered under Medicare for a
limited time after a qualifying hospital stay.
The hospital and Skilled Nursing Facility patients
will be onboarded on a rolling basis beginning next month with more
than 1,000 patients expected to be added to the platform in 2022.
These patients are expected to generate recurring software and
professional services of $50 per patient per month at 75% gross
margin. The physician practices are expected to onboard more than
1,500 patients in 2022, beginning in June. These patients are
expected to generate an average revenue of $65 per patient per
month at 75% gross margin.
Based in Hamilton, Ontario, with offices in
Florida and Texas, Reliq specializes in developing innovative
Virtual Care solutions for the multi-billion dollar healthcare
market. The company’s powerful iUGO Care technology 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 $0.78. 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
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information is based on information that is publicly available. Any
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