InvestmentPitch Media Video Discusses Reliq Health’s Signing of Contracts with 8 New Medical Clients in the US to Onboard More than 5,000 New Patients
May 12 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
with six physician practices and two home health agencies from
California, Michigan, Nevada and Texas, for the onboarding of more
than 5,000 new patients to the Reliq platform.
The company also announced that it has
incorporated the MiUGO patient portal into its Remote Therapeutic
Monitoring (RTM) module to facilitate symptom reporting for
musculoskeletal and respiratory patients.
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Dr. Lisa Crossley, CEO, stated: “Under the new
Remote Therapeutic Monitoring (RTM) billing codes introduced this
year, physicians can now collect qualitative data from
musculoskeletal and respiratory patients. Using the MiUGO patient
portal, patients with arthritis, asthma and other eligible
musculoskeletal and respiratory conditions can complete daily
surveys to document pain levels, fatigue, mobility issues,
wheezing, interrupted sleep due to pain or shortness of breath, and
other key health metrics. This allows patients and clinicians to
determine the impact of prescribed therapies on the patient’s
ability to perform typical activities of daily life. Self
assessment surveys are a critically important tool for measuring
and monitoring the progression of musculoskeletal and respiratory
disease.”
The iUGO Care RTM module also uses specialized
connected devices to monitor medication adherence and provide
automated medication reminders. Medication compliance correlates
strongly with reduced hospital admissions, improved health outcomes
and better patient-reported quality of life.
Onboarding of both new clients and new patients
continues to accelerate this quarter. The company expects to begin
onboarding these 5,000 new patients next month, which are expected
to generate an average revenue of more than US$60 per patient per
month at 75% gross margin. When the more than 5,000 new patients
are fully onboarded by the end of the calendar year and generating
an average revenue of US$60 per patient per month, the company
anticipates generating additional revenue of approximately
CDN$400,000 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 $0.58. 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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