Reliq Health Technologies, Inc. Announces Six New US Contracts and New In-Facility RPM Programs
June 28 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 six new contracts with physician practices, home
health agencies and skilled nursing facilities in California,
Texas, Florida and Puerto Rico that are expected to add over 3,500
patients to Reliq’s platform this year.
“We are excited to announce that we have signed
six new contracts with healthcare providers in California, Texas,
Florida and Puerto Rico.,” said Dr. Lisa Crossley, CEO at Reliq
Health Technologies, Inc. “These clients include three skilled
nursing facilities. The Centers for Medicare & Medicaid
Services (CMS) introduced coverage for remote patient monitoring of
inpatients in long term care (LTC) and skilled nursing facilities
(SNF) in 2022. Remote monitoring of these patients can reduce the
cost of care and improve health outcomes by identifying patients
requiring a medical intervention earlier, helping prevent
complications that would require an ER visit or ICU stay.
In-facility remote monitoring provides a new revenue stream for
long term care and skilled nursing facilities and improves facility
workflow. Prioritizing patient interventions improves clinical
staff efficiency and helps address chronic staffing shortages in
the LTC and SNF industries. Onboarding of these patients will begin
in July. These clients are expected to add over 3,500 patients to
our platform in 2022, at an average revenue of $50 per patient per
month at 75% gross margin.”
Reliq HealthReliq 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
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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.
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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".
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statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from
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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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