InvestmentPitch Media Video Discusses Reliq Health’s Expected Addition of 41,000 New Patients from 30 Skilled Nursing Facilities in Florida and Large Allergy and Respirology Clinic in Texas
January 30 2023 - 6:00AM
Reliq Health Technologies Inc. (TSXV:RHT) (OTCPink:RQHTF)
(FSE:MHN2), has contracted with a current client to add an
additional 30 skilled nursing facilities in Florida to its iUGO
Care platform. Reliq has also signed a new contract with a large
allergy and respirology clinic in Texas.
Dr. Lisa Crossley, CEO, stated: “We are excited to
continue to expand our presence in the Skilled Nursing space, and
to be adding a new client in the allergy and respirology field. The
allergy and respirology clinic will be using the iUGO Care Remote
Therapeutic Monitoring (RTM) and Principal Care Management (PCM)
modules as well as other core iUGO Care modules. The SNFs will be
using our Transitional Care Management (TCM), Remote Patient
Monitoring (RPM), Chronic Care Management (CCM) and Behavioural
Health Integration (BHI) modules.”
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
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The company has already started onboarding with
the allergy and respirology clinic and expects to add more than
5,000 patients to its iUGO Care platform by the end of this year.
With food allergies alone reaching epidemic levels, affecting 32
million Americans, this represents another terrific growth area for
Reliq.
This addition to the existing Skilled Nursing
Facilities contract is expected to add a further 3,000 of their
newly discharged patients per month or 36,000 new patients per year
to Reliq’s iUGO Care platform with onboarding beginning in
February.
These two new contracts bring in more than 41,000
new patients, at an average revenue of $65 per patient per month,
with a 75% gross margin.
Skilled Nursing Facilities represent a large, and
until recently, previously untapped market for Reliq’s products.
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.
Market research firm “Future Market Insights”
states that the U.S. skilled nursing facility market is expected to
grow at a compound annual growth rate of 3.32%, reaching US$252
billion by 2032.
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,
allowing 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 $0.56. 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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