InvestmentPitch Media Video Discusses Reliq Health, a Rapidly Growing Global Telemedicine Company, Goes Live with First Clinical Trials This Month and Signs Four New Contracts in Texas and Florida
May 20 2022 - 9:00AM
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, is going live with its first
clinical trials this month and signs four new contracts in Texas
and Florida.
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Dr. Lisa Crossley, CEO, stated: “We are very
pleased to be going live in our first clinical trials this month.
Our Clinical Research Organization (CRO) client will be using
Reliq’s iUGO Care platform to monitor patients in two separate
clinical trials focused on hypertension and oncology, respectively.
Using iUGO Care for clinical trials allows CROs and trial sponsors
to monitor trial-specific metrics such as medication adherence,
side effects, safety issues and efficacy. These two trials are
expected to add at least 1,000 patients to the iUGO Care platform
this year and generate average revenue of US$40 per patient per
month at a gross margin of 75%.”
The four new contracts, with two physician
practices and two home health agencies, are expected to onboard,
starting in June, more than 2,000 new patients in Texas and Florida
to Reliq’s iUGO Care platform in 2022. When the more than 2,000 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 gross revenue of more
than CDN$150,000 per month. Onboarding of previous new patients
continues to accelerate this quarter.
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
its current news release produced in video format. The corporate
information is based on information that is publicly available. Any
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