Reliq Health Contracts with Current Large Healthcare Network Client in Florida Adding Additional 34 New Hospital Clients to its iUGO Care platform – Video on InvestmentPitch Media
January 09 2023 - 6:00AM
Reliq Health Technologies Inc. (TSXV:RHT) (OTCPink:RQHTF)
(FSE:MHN2), a rapidly growing global healthcare technology company
developing innovative Virtual Care solutions for the
multibillion-dollar Healthcare market, has contracted with a
current client to add an additional 34 new acute and long-term care
hospital clients to its iUGO Care platform.
This addition to the existing contract with a
large healthcare network in Florida is expected to add
approximately 1,700 patients per month or more than 20,000 patients
per year to the iUGO Care platform, with revenues of $65 per
patient per month at a 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 news about
the company. 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: “The biggest risk
to profit margins for acute and long term care hospitals is the
potential for patient readmissions within the first 30 days after
discharge. The Centers for Medicare & Medicaid Services (CMS)
assess financial penalties to hospitals under the Hospital
Readmissions Reduction Program (HRRP) based on rates of
readmission. In 2021, 96% of all hospitals in Florida received a
financial penalty due to readmission rates (www.cms.gov). We have
consistently demonstrated that patients who are monitored using our
iUGO Care platform have better health outcomes and lower rates of
hospital admissions and readmissions, which can significantly
reduce or eliminate HRRP penalties for our clients. We are excited
to be working with these hospitals which specialize in cardiac and
orthopedic patients to help improve post-discharge outcomes for
patients who have experienced cardiac events (acute myocardial
infarction, heart failure), cardiac surgery (“bypass”) or
orthopedic surgery (hip or knee replacement).
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 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 both patients and families while reducing the cost of
care delivery. The platform 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 $0.53. 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.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of
video, which together with its extensive distribution, including a
news release service, to position your company’s story ahead of the
1,000's of companies seeking awareness and funding from the
financial community. The company specializes in producing short
videos based on significant news releases, research reports and
other content of interest to investors.
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
information provided by InvestmentPitch Media Ltd., through its
media services is not to be construed as a recommendation or
suggestion or offer to buy or sell securities but is provided
solely as an informational media service. InvestmentPitch Media Ltd
makes no warranties or undertakings as to the accuracy or
completeness of this information. All due diligence should be done
by the viewer or their financial advisor. Investing in securities
is speculative and carries risk.
CONTACT: InvestmentPitch Media Barry Morgan, CEO
bmorgan@investmentpitch.com
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Jul 2023 to Jul 2024