Reliq Health Signs 8 New Physician Clients in CA, NV and TX, adding more than 5,000 Patients to its iUGO Care Platform – Video on InvestmentPitch Media
January 16 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, continues to add multiple
clients in the US to its iUGO Care platform.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
Reliq has signed new contracts with three
multi-physician clinics in North Texas and another five single
physician practices providing care to patients in California and
Nevada. These eight contracts are expected to add at least 5,000
new patients to Reliq’s iUGO Care platform over the next two
quarters, at an average revenue of $65 per patient per month with a
75% gross margin. Onboarding of these new patients is expected to
begin this month.
For more information, please view the
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Dr. Lisa Crossley, CEO, stated: “We are very
pleased to be continuing to expand our presence in California,
Nevada and Texas. Reliq continues to attract new clients through
referrals from existing customers who have seen firsthand how
effective the platform is at improving health outcomes, reducing
hospitalizations and decreasing healthcare costs. The data we’ve
collected from client deployments show that patients using iUGO
Care have hospitalization rates that are over 80% lower than
patients with the same chronic conditions who aren’t using iUGO
Care. Hospitalizations are the primary cost driver for this patient
population, so this is a very meaningful metric. Particularly
during the current RSV-COVID-influenza “tripledemic,” keeping
patients at home and out of hospital is critical to reducing the
risk of infection with these highly contagious diseases, and to
preventing the associated complications in high risk chronic
disease patients.”
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 $0.60. 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.
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