Reliq Health Technologies, Inc. Announces 15 New Skilled Nursing Facility Clients in California
November 17 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 a contract with a network of 15 Skilled Nursing
Facilities (SNFs) in California. This contract is expected to add a
further 1,000 new patients per month or 12,000 new patients per
year to Reliq’s iUGO Care platform beginning in 2023.
“We are very pleased to be expanding into the
Skilled Nursing Facility market in California,” said Dr. Lisa
Crossley, CEO at Reliq Health Technologies, Inc. “Reliq 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. The Company 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 facilities in early 2023. Once all
15 facilities are live we expect to onboard over 1,000 of their
newly discharged patients every month. The Skilled Nursing space is
currently one of our fastest growing market segments and we are
excited to help SNFs provide new healthcare services to their
patients to drive better outcomes.”
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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Looking Information
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constitute forward-looking statements, within the meaning of
applicable securities laws. All statements that are not historical
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"forward-looking statements".
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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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