InvestmentPitch Media Video Discusses Reliq Health’s Signing of 6 New Contracts with Physician Practices in CA, FL and NV
June 12 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 6 new contracts
with physician practices in California, Florida and Nevada. These
new contracts are expected to add more than 3,000 new patients to
Reliq’s iUGO Care platform.
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All 6 practices will go live next month, with all
3,000 plus patients onboarded by the end of March 2024, and
generating an average revenue of US$65 monthly per patient at an
expected 75% gross margin.
In each of these three states, as the population
ages, the number of patients with three or more chronic diseases
are expected to grow by 158% to 194% between 2015 and 2030.
Dr. Lisa Crossley, CEO, stated: “We are very
pleased with our continued traction in California, Florida and
Nevada. 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.”
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.
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