InvestmentPitch Media Video Discusses Reliq Health and its Contract to Add 40 New Skilled Nursing Facility Clients bringing approximately 48,000 New Patients
March 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 signed 40 new Skilled
Nursing Facility clients. These clients, located in California,
Florida and Pennsylvania, are expected to add more than 4,000 new
patients per month to Reliq’s iUGO Care platform by the end of
2023. That will add another 48,000 patients to the iUGO platform by
the end of the year, with an average revenue of US$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 along with video comments from Dr. Crossley. 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: “We continue to
see tremendous growth in Reliq’s business in the Skilled Nursing
Facility (SNF) space. SNFs are very attractive clients for the
Company because the facilities’ staff along with Reliq’s
implementation team are able to train patients on the system prior
to discharge from the SNF. This helps ensure that patients are
comfortable and confident in their use of the iUGO Care platform
before they even leave the facility. As a result, we have already
documented >70% adherence in these patients post-discharge, with
adherence expected to reach an average of >80% over time as
patients gain further experience with the platform.”
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.
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 $0.53. 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.
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Technologies has paid a fee not exceeding $2,000 in cash to have
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