Reliq Health Technologies, Inc. Announces Five New Contracts in TX, CA, NV and the USVI
October 06 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 three physician practices and
a home health agency in California, Nevada and Texas and a Rural
Health Clinic in the US Virgin Islands. The Company has already
begun onboarding with these clients and expects to add 5,000 new
patients to its iUGO Care platform through these contracts by the
end of June, 2023.
“It is very gratifying to continue to see strong
and growing demand for Reliq’s virtual care solutions in
California, Nevada and Texas,” said Dr. Lisa Crossley, CEO at Reliq
Health Technologies, Inc. “We are also very excited to be expanding
in the US Virgin Islands with another Rural Health Clinic client.
The Company will be providing the full suite of iUGO Care software
and care management services (as needed) to these clients, and
expects to generate an average revenue of $60 per patient per month
at 75% gross margin. Onboarding of these patients has already begun
and is expected to be completed by the middle of 2023. The Company
remains on track to onboard over 100,000 patients by the end of
December 2022 and over 200,000 patients by the middle of 2023. With
this large patient population on the platform in 2023, Reliq
expects to start monetizing its database of anonymized patient data
in late 2023, introducing a significant new source of revenue for
the business.”
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.
Cautionary Statements Regarding Forward
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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