Reliq Health Technologies, Inc. Announces Eight New US Contracts in Five States
August 09 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 new contracts with six clinics and two physician
practices that provide care to patients in Idaho, New Mexico,
California, Nevada and Texas. The contracts are expected to add at
least 5,000 new patients to Reliq’s iUGO Care platform over the
next three quarters.
“We are very pleased to be expanding into Idaho
and New Mexico as well as growing our business in states where we
already have a significant presence,” said Dr. Lisa Crossley, CEO
at Reliq Health Technologies, Inc. “According to the Chronic Care
Policy Alliance, approximately 15% of the population in New Mexico
and 13% of the population in Idaho are in Poor to Fair health. Over
46% of the population in New Mexico and Idaho have at least one
chronic condition. Access to care is particularly challenging for
chronic disease patients living in rural communities in these and
other states. Reliq’s iUGO Care platform allows patients to receive
high quality virtual healthcare in the comfort of their homes,
reducing the disparity in access to care between rural and urban
populations, improving health outcomes and reducing healthcare
costs. These eight new clients are expected to add over 5,000
patients to our platform in the next nine months at an average
revenue of $50 per patient per month at 75% gross margin.
Onboarding of these patients is expected to begin next month. The
Company remains on track to onboard over 100,000 patients by the
end of calendar year 2022 and over 200,000 patients by the middle
of calendar year 2023.”
Reliq Health
Reliq 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
Neither the TSX Venture Exchange nor its
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".
We caution you that such "forward-looking
statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from
those anticipated in such statements.
Forward-looking statements include, but are not
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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