InvestmentPitch Media Video Discusses Reliq Health, a Rapidly Growing Global Telemedicine Company, Signs Contract with Physician Practice Network in Florida, Adding more than 50,000 Patients to Platform
September 08 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 a new contract
with a physician practice network in Florida to onboard more than
50,000 patients to its iUGO Care platform.
When the more than 50,000 new patients are fully
onboarded by the end of 2023 and generating an average revenue of
US$60 per patient per month at a 75% gross margin, the company
anticipates generating additional gross revenue of approximately
CDN$3.9 million per month.
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Dr. Lisa Crossley, CEO, stated: “We are very
pleased to be working with our new client in Florida to improve
health outcomes and reduce healthcare costs for over 50,000
Medicare patients with chronic conditions. Reliq will be providing
the full suite of iUGO Care software along with care management
services as needed. Onboarding of these patients has already begun
and is expected to be completed over the next five quarters, by the
end of 2023. Our iUGO Care platform is proven to reduce
hospitalizations, improve patient quality of life and generate
significant new revenues for clinicians. Being selected by a large
client like this is a testament to the Company’s strong and growing
reputation as a leader in the virtual care space.”
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 $0.56. 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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