InvestmentPitch Media Video Discusses Reliq Health’s Signing of Seven New Contracts with Physician Practices and Home Health Agencies in Nevada and Texas and On-Boarding of Patients from First 20 of 1,200 Large Healthcare System
April 17 2023 - 6:48AM
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 seven new
contracts with Physician Practices and Home Health Agencies in
Nevada and Texas.
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 highlights from Dr. Crossley at Reliq’s
latest investor webinar where she provides an update on operations
and the outlook for the balance of 2023. 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
add new clients to the platform, particularly in the southern US.
Due to large concentration of retirees in these states, there are
millions of chronic disease patients in this region who can benefit
from Reliq’s proactive, preventative approach to virtual care. We
have also started onboarding patients with 20 Skilled Nursing
Facilities (SNFs) that belong to a previously disclosed new client,
a large healthcare system with over 1,200 care settings across
seven states. The SNF patients will be using the iUGO Care
Transitional Care Management (TCM), Remote Patient Monitoring
(RPM), Chronic Care Management (CCM) and Behavioural Health
Integration (BHI) modules.”
With these first 20 facilities the company expects
to add more than 2,000 patients per month to the iUGO Care platform
by the end of 2023, at an average revenue of $60 per patient for
the first 30 days post-discharge and $65 per patient per month for
every subsequent month at an expected 75% gross margin. When you
consider these 20 facilities represent less than 2% of the 1,200
care centres included in this contract, imagine the full revenue
potential from the other 1,180 facilities.
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.
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