InvestmentPitch Media Video Discusses Reliq Health, a Rapidly Growing Global Telemedicine Company, has Signed 5 Contracts with Three Physician Practices and a Home Health Agency in California, Nevada and Texas and a Rural Health Clinic in the US Virgin Isl
October 07 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 5 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.
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
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Campbell, President and Portfolio Manager at StoneCastle Investment
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The company has already begun onboarding these
clients and expects to add 5,000 new patients to its iUGO Care
platform. When these 5,000 new patients are fully onboarded by the
end of June 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$400,000
per month.
Dr. Lisa Crossley, CEO, stated: “It is very
gratifying to continue to see strong and growing demand for Reliq’s
virtual care solutions in California, Nevada and Texas. 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. 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.”
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 $0.54. 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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