InvestmentPitch Media Video Discusses Reliq Health and its New Contract with Large U.S. Healthcare System, adding more than 1,200 Care Centers across 7 States
March 17 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 a new contract
with a large healthcare system with more than 1,200 care centers in
the U.S. This client’s care centers are spread across New York,
Ohio, Maryland, Virginia, Florida, Kentucky and South Carolina and
include Skilled Nursing Facilities, hospitals, home health
agencies, hospice agencies and primary care clinics.
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
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With these first 20 facilities alone, which are
Skilled Nursing Facilities, management expects to add more than
2,000 patients per month to its iUGO Care platform at an average
revenue of US$60 per patient for the first 30 days post-discharge
and US$65 per patient per month for every subsequent month, at an
expected 75% gross margin. When you consider these first 20
facilities will be adding more than 2,000 patients per month,
represent less than 2% of the 1,200 care centres included in this
new contract, it is hard to imagine the full revenue potential from
this one contract.
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 $0.52. 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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video is for the viewers information only. Reliq Health
Technologies has paid a fee not exceeding $2,000 in cash to have
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