Reliq Health Technologies, Inc. Announces Five New Contracts in AR, CA, NV and TX
April 28 2023 - 3:01AM
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or
WKN:A2AJTB) (“
Reliq” or the
“
Company”), a rapidly growing global healthcare
technology company that develops innovative Virtual Care solutions
for the multi-billion dollar Healthcare market, is pleased to
announce that it has signed five new contracts with physician
practices and home health agencies in Arkansas, California, Nevada
and Texas. These new contracts are expected to add over 3,000 new
patients to Reliq’s iUGO Care platform by the end of 2023, at an
average revenue of $65 per patient per month.
“We are very pleased to be expanding into the
state of Arkansas,” said Dr. Lisa Crossley, CEO at Reliq Health
Technologies, Inc. “According to the Partnership to Fight Chronic
Disease (www.fightchronicdisease.org/Arkansas), 5% of the
population in Arkansas account for 50% of all healthcare spending
in the state due to chronic diseases like high blood pressure,
diabetes, congestive heart failure, kidney disease and COPD.
Healthcare costs for chronic disease patients in Arkansas are
expected to exceed $19 billion annually going forward unless the
management of chronic disease in the state is improved. Reliq’s
iUGO Care platform has been proven to reduce hospitalizations,
improve health outcomes and generate significant cost savings to
the healthcare system when used with chronic disease patients,
which makes it a perfect fit for clinicians in Arkansas and other
states with high rates of chronic disease. All five clients will be
using the iUGO Care Remote Patient Monitoring (RPM), Chronic Care
Management (CCM) and Behavioural Health Integration (BHI) modules.
We expect to add over 3,000 patients to the iUGO Care platform by
the end of 2023 with these clients, at an average of $65 per
patient per month with an expected 75% gross margin.”
Reliq Health
Reliq Health Technologies is a rapidly growing
global healthcare technology company that specializes in developing
innovative Virtual Care solutions for the multi-billion dollar
Healthcare market. Reliq’s powerful iUGO Care platform supports
care coordination and community-based virtual healthcare. iUGO Care
allows complex patients to receive high quality care at home,
improving health outcomes, enhancing 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 ER visits. Reliq Health
Technologies trades on the TSX Venture under the symbol RHT, on the
OTC as RQHTF and on the Frankfurt Stock Exchange under the
WKN:A2AJTB.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
For further information please contact:
Company ContactInvestor Relations at
ir@reliqhealth.com
US Investor Relations ContactInvestor
RelationsLytham Partners, LLCBen ShamsianNew York |
Phoenix646-829-9701shamsian@lythampartners.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward
Looking Information
Certain statements in this press release
constitute forward-looking statements, within the meaning of
applicable securities laws. All statements that are not historical
facts, including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives,
assumptions, expectations or beliefs of future performance, are
"forward-looking statements".
We caution you that such "forward-looking
statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from
those anticipated in such statements.
Forward-looking statements include, but are not
limited to, statements with respect to commercial operations,
including technology development, anticipated revenues, projected
size of market, and other information that is based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management.
Reliq Health Technologies Inc. (the
"Company") does not intend and does not assume any
obligation, to update these forward-looking statements except as
required by law. These forward-looking statements involve risks and
uncertainties relating to, among other things, technology
development and marketing activities, the Company's historical
experience with technology development, uninsured risks. Actual
results may differ materially from those expressed or implied by
such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
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