InvestmentPitch Media Video Discusses Reliq Health, a Rapidly Growing Global Telemedicine Company, signs eight contracts, adding more than 5,000 new patients to its healthcare platform
August 10 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 eight new
contracts in five states. These contracts with six clinics and two
physician practices provide care to patients in Idaho, New Mexico,
California, Nevada and Texas.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
For more information, please view the
InvestmentPitch Media video which provides additional information
about this news and the company. The video is available for viewing
on “InvestmentPitch” or on
“YouTube”. If the link is not available, please
visit www.InvestmentPitch.com and enter “Reliq” in
the search box.
These eight contracts are expected to add more
than 5,000 patients to the company’s iUGO care platform over the
next nine months, with onboarding of these patients expected to
begin next month. When the more than 5,000 new patients are fully
onboarded in the next nine months 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$325,000 per month.
Reliq Health remains on track to onboard more than
100,000 patients by the end of calendar year 2022 and more than
200,000 patients by the middle of calendar year 2023.
Dr. Lisa Crossley, CEO, stated: “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. 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.”
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 community-based virtual 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 $0.57. 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
information provided by InvestmentPitch Media Ltd., through its
media services is not to be construed as a recommendation or
suggestion or offer to buy or sell securities but is provided
solely as an informational media service. InvestmentPitch Media Ltd
makes no warranties or undertakings as to the accuracy or
completeness of this information. All due diligence should be done
by the viewer or their financial advisor. Investing in securities
is speculative and carries risk.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of
video, which together with its extensive distribution, positions a
company’s story ahead of the 1,000's of companies seeking awareness
and funding from the financial community. The company specializes
in producing short videos based on significant news releases,
research reports and other content of interest to investors.
CONTACT: InvestmentPitch Media Barry Morgan, CEO
bmorgan@investmentpitch.com
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Jul 2023 to Jul 2024