Reliq Health Technologies, Inc. Announces New Contracts to Onboard over 8,000 New Patients
April 27 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 four new US contracts with three individual
physician practices in Texas and California and a health network in
Nevada that includes 10 family physician practices. Together these
providers are expected to add over 8,000 new patients to Reliq’s
iUGO Care platform this year.
“Onboarding of both new clients and new patients
continues to accelerate this quarter,” said Dr. Lisa Crossley, CEO
at Reliq Health Technologies, Inc. “Market demand for Reliq’s
Remote Patient Monitoring (RPM), Chronic Care Management (CCM),
Behavioural Health Integration (BHI) and additional specialized
virtual care solutions is rapidly increasing as physicians and
payors recognize the benefits of proactively managing at-risk
patients in the home to prevent complications. Both the scope of
the virtual care programs funded by the Centers for Medicare &
Medicaid Services and the level of reimbursement have increased
dramatically over the last several years. Our physician clients can
now collect over $400 per patient per month in new, high profit
revenue by deploying Reliq’s iUGO Care platform. Preventative care
enabled by iUGO Care can help payors reduce the average cost of
care per patient by over 80% by enabling early interventions by the
patient’s primary care physician, preventing costly and disruptive
hospitalizations and ER visits. Patients using iUGO Care benefit
from improved health outcomes and better quality of life, as well
as increased patient-reported satisfaction with care. We are very
pleased to be adding 8,000 new patients through these contracts and
expect to begin onboarding next month. The contracts are expected
to generate an average revenue of over $60 per patient per month at
75% gross margin.”
Reliq Health
Reliq 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 Frankfurt Stock Exchange under the WKN:
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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