Reliq Health Technologies, Inc. Announces 50 New Skilled Nursing Facilities Clients in Florida
November 04 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 a previously disclosed client with a network of Skilled
Nursing Facilities (SNFs) in Florida has added an additional 50
facilities to its contract with the Company. This addition to the
existing contract is expected to add a further 5,000 new patients
per month or 60,000 new patients per year to Reliq’s iUGO Care
platform beginning in 2023.
“We are very excited that our existing client
has chosen to expand the deployment of our iUGO Care platform into
an additional 50 of the Skilled Nursing Facilities (SNFs) in their
network,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies,
Inc. “As with the previously announced 40 facilities, we will be
providing our iUGO Care Transitional Care Management (TCM), Remote
Patient Monitoring (RPM), Chronic Care Management (CCM) and
Behavioural Health Integration (BHI) solutions to help improve
post-discharge health outcomes and reduce readmissions, while also
generating new revenue streams for the facilities. Reliq will
provide TCM to newly discharged patients at a rate of $60 per
patient, with recurring revenue from RPM, CCM and BHI of
$65/patient per month, at 75% gross margin. We will begin
onboarding patients with these additional facilities in early 2023.
Once all 50 facilities are live we expect to onboard over 5,000 of
their newly discharged patients every month going forward. Skilled
Nursing Facilities represent a large and previously untapped market
for Reliq’s products. There are over 15,000 SNFs in the United
States and over 1.5 million Medicare patients received care in a
SNF setting in 2021 (www.cms.gov). We are very pleased that we are
gaining significant traction in this space.”
Reliq HealthReliq 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
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policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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release constitute forward-looking statements, within the meaning
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historical facts, including without limitation, statements
regarding future estimates, plans, programs, forecasts,
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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
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Forward-looking statements include, but are not
limited to, statements with respect to commercial operations,
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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
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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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