Reliq Health Technologies, Inc. Announces New Contracts with 20 Skilled Nursing Facilities, 10 Physician Practices Contracts and 2 Home Care Agencies in CA, FL, NV and TX
June 22 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 new contracts with 20 Skilled Nursing
Facilities (SNFs), 10 physician practices and 2 home care agencies
in California, Florida, Nevada and Texas. These new contracts are
expected to add over 30,000 new patients to Reliq’s iUGO Care
platform by the end of June 2024, at an average revenue of $65 per
patient per month.
“As our shareholders know, the Skilled Nursing
Facility (SNF) market has been a source of rapid growth for Reliq,”
said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc.
“SNFs are excellent partners for Reliq as they provide training on
the iUGO Care system to their patients prior to discharge, which
helps ensure high adherence levels for this patient population. We
have already documented >70% adherence in our existing
post-discharge SNF patients, and we expect their adherence to
improve over time. All of the new clients will be using the iUGO
Care Remote Patient Monitoring (RPM), Chronic Care Management (CCM)
and Behavioural Health Integration (BHI) modules, and the Skilled
Nursing Facilities will also be the Transitional Care Management
(TCM) module. We expect to add over 30,000 patients to the iUGO
Care platform by the end of June 2024 through these contracts, at
an average of $65 per patient per month with an expected 75% gross
margin. Onboarding with these clients will begin next month and
will ramp up to a monthly average of 2,500 new patients per month
in 2024.”
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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