InvestmentPitch Media Video Discusses Reliq Health, a Rapidly Growing Global Telemedicine Company, and Signing of Contract with Network of 40 Skilled Nursing Facilities in Florida, adding 50,000 Patients to its Platform
October 27 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 network of 40 Skilled Nursing Facilities in Florida. Reliq
will provide Traditional Care Management to newly discharged
patients at a rate of US$60 per patient, with recurring revenue
from Remote Patient Monitoring, Chronic Care Management and
Behavioural Health Integration of US$65 per patient per month, at
75% gross margin.
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, along with video comments by Bruce
Campbell, President and Portfolio Manager at Stonecastle Investment
Management. 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.
Dr. Lisa Crossley, CEO, stated: “Skilled Nursing
Facilities (SNFs) play a critical role in the healthcare system,
helping patients transition from acute care back into the community
in a lower-cost setting than the hospital. As the population ages
and grows the number of Medicare patients with chronic conditions
is steadily increasing, placing pressure on SNFs to reduce the
length of stay for individual patients in their facilities. As a
result, demand from the SNF market for post-discharge care has
grown dramatically. SNFs face significant financial penalties if
patients are readmitted to their facilities or to hospital
post-discharge. Reliq’s iUGO Care Transitional Care Management
(TCM), Remote Patient Monitoring (RPM), Chronic Care Management
(CCM) and Behavioural Health Integration (BHI) solutions can help
improve post-discharge health outcomes and reduce readmissions,
while also generating new revenue streams for Skilled Nursing
Facilities.”
With a Skilled Nursing Facility, trained
registered nurses provide the same level of nursing care you
receive in a hospital, in a medical setting, under a doctor’s
supervision. After an illness, injury or surgery, patients may go
from a hospital to a Skilled Nursing Facility to continue
recovering, where in addition to skilled nursing, the care may
include rehabilitative services from licensed physical,
occupational or speech therapists. A Skilled Nursing Facility
provides transitional care, which is covered under Medicare for a
limited time after a qualifying hospital stay.
The company will begin onboarding patients at the
first few facilities next month and expect to go live with all 40
Skilled Nursing Facilities by the end of March 2023. Once all 40
facilities are live, the company anticipates onboarding more than
4,000 newly discharged patients every month going forward and
expects to have more than 50,000 new patients onboarded by the end
of 2023.
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 $0.59. 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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