InvestmentPitch Media Video Discusses Reliq Health, a Rapidly Growing Global Telemedicine Company, Contracts with 4 New Physician Practices, adding 5,000 Patients, Goes Live with First Client in Data Soft Logic Partnership
July 20 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 contracts with
four physician practices in California and Texas to add more than
5,000 new patients to its platform.
When the more than 5,000 new patients are fully
onboarded and generating an average revenue of US$50 per patient
per month at a 75% gross margin, the company anticipates generating
additional gross revenue of more than CDN$300,000 per month.
Onboarding with these clients is expected to begin in August.
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The company has also gone live with the first
client through its partnership agreement with Data Soft Logic.
Onboarding with Data Soft Logic is expected to ramp up over the
remainder of 2022, adding over 50,000 patients per year to Reliq’s
iUGO Care platform in 2023 and beyond.
California-based Data Soft Logic Corporation
(www.DataSoftLogic.com) is a cloud-based home health care and
Hospice solution offering a suite of applications including Point
of Care, Symptom Management, Billing, Scheduling, Accounting and
Human Resources. Data Soft Logic has been partnering with home
health, hospice, and therapy agencies for more than 10 years, with
its software platform currently used by more than 600 home health
and hospice care agencies across the United States.
Dr. Lisa Crossley, CEO, stated: “We are pleased to
be adding four new physician practices in California and Texas. We
are also very excited to have gone live with our first client
through our partnership with Data Soft Logic. Onboarding has
already begun with the client. Data Soft Logic’s home health and
hospice clients work with over 1,000 primary care physicians who
provide care to over 500,000 Medicare and Medicaid patients. As
previously disclosed, the Company expects to add over 50,000
patients per year to the platform beginning in 2023 through the
partnership with Data Soft Logic, at an average revenue of $60 per
patient per month (at 75% gross margin). Reliq remains on track to
have over 100,000 patients on our iUGO Care platform by December
31, 2022.”
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 platform for care
coordination and home healthcare integrates wearables, sensors,
voice technology with intuitive mobile apps and desktop software
for patients, families, clinicians, and healthcare
administrators.
The 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 $0.445. 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.
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Technologies has paid a fee not exceeding $2,000 in cash to have
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