Reliq Health Technologies, Inc. Announces Six New Contracts in CA, FL and NV
June 09 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 six new contracts with physician
practices in California, Florida and Nevada. These new contracts
are expected to add over 3,000 new patients to Reliq’s iUGO Care
platform by the end of Q1 calendar year 2024, at an average revenue
of $65 per patient per month.
“We are very pleased with our continued traction
in California, Florida and Nevada,” said Dr. Lisa Crossley, CEO at
Reliq Health Technologies, Inc. “The southern US states are a
particularly attractive market segment for Reliq due to
demographics. With many older Americans choosing to move south in
retirement, there is a very large population of Medicare-covered
patients in these states who are eligible for Reliq’s services. The
three states where we have the largest number of patients –
California, Florida and Texas – make up over 25% of the total US
population, with over 90 million residents. The new clients will be
using the iUGO Care Remote Patient Monitoring (RPM), Chronic Care
Management (CCM) and Behavioural Health Integration (BHI) modules
to improve health outcomes and reduce the cost of care for their
chronic disease patients. We expect to add over 3,000 patients to
the iUGO Care platform by the end of March 2024 through these
contracts, at an average of $65 per patient per month with an
expected 75% gross margin. All six practices will go live next
month.”
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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