InvestmentPitch Media Video Discusses Reliq Health’s Signing of New Contracts to Onboard More than 8,000 New Patients
April 28 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 to
onboard more than 8,000 new patients. The company 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.
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. The video is available for viewing
“InvestmentPitch” or on “YouTube”.
Dr. Lisa Crossley, CEO, stated: “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.”
Onboarding of both new clients and new patients
continues to accelerate this quarter. The company expects to begin
onboarding these 8,000 new patients next month, which are expected
to generate an average revenue of more than $60 per patient per
month at 75% gross margin. When the more than 8,000 new patients
are fully onboarded and generating an average revenue of US$60 per
patient per month, the company anticipates generating additional
revenue of more than CDN$600,000 per month.
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 $0.72. 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
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