InvestmentPitch Media Video Discusses Reliq Health and its Signing of 10 Contracts Potentially Adding 5,000 new Patients to its iUGO Platform by Year End
March 31 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 10 new contracts
in the United States. These new contracts, with eight physician
practices in Nevada and Northern California, and two home health
agencies in Texas, are expected to add more than 5,000 new patients
to Reliq’s iUGO Care platform by the end of 2023 and generate an
average revenue of US$65 monthly per patient at an expected 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 are pleased to
be adding these ten new clients to our platform, and to be
expanding beyond our current presence in Southern California to
Northern California. Patients in Northern California outside of the
large urban centers face significant challenges in accessing care.
There is a large rural Medicare population in Northern California
and we are excited to be working with their care providers to help
provide access to high quality virtual care. In Nevada and
California, the physician practices will be providing Remote
Patient Monitoring (RPM), Chronic Care Management (CCM) and
Behavioural Health Integration (BHI) to their patients. In Texas,
the home health agencies will be providing RPM to their
patients.”
According to Statista Research, Medicare outlays
in the United States amounted to US$868 billion in 2021 and are
predicted to more than double to US$1.9 trillion in 2032. Spending
on services such as physician services, outpatient services, and
physician-administered drugs, accounts for the largest share of
Medicare benefit spending. Projected spending growth for Medicare
is due in part to growing enrollment in Medicare related to the
aging of the population, increased use of services and intensity of
care, and rising health care costs.
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 $0.50. 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