Reliq Health Technologies, Inc. Announces First Contract in Mexico, to add over 10,000 New Patients to its iUGO Care Platform
July 06 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 its first contract in Mexico. The new
client is a healthcare organization that is expected to add over
10,000 new patients to Reliq’s iUGO Care platform by the end of
June 2024, at an average revenue of $50 per patient per month.
“We are very excited to be expanding our
business into Mexico,” said Dr. Lisa Crossley, CEO at Reliq Health
Technologies, Inc. “Thanks to our success in the Southern US states
and our multilingual platform and care management team, we have
been able to attract our first client in San Luis Potosi, Mexico. A
number of major multinational corporations have operations in San
Luis Potosí, including BMW, General Motors and Cummins, and the
city has a population of 2.8 Million. According to the World Health
Organization, Diabetes is one of the leading causes of death in
Mexico, where there are also high rates of hypertension, chronic
kidney disease and congestive heart failure. The impact of chronic
disease on productivity has led many employers in Mexico to offer
healthcare coverage focused on preventative care. The two largest
providers of public health in Mexico, the Ministry of Health and
the Mexican Social Security Institute, have also launched key
initiatives aimed at improving the management of chronic disease,
creating a significant opportunity for Reliq. The new client will
be using our iUGO Care Remote Patient Monitoring (RPM) solution,
which has been proven to improve health outcomes, increase patient
engagement and reduce healthcare costs, even in the most
challenging patient populations and environments. We expect to see
increasing demand for Reliq’s iUGO Care solutions in Mexico going
forward. This contract is expected to add over 10,000 patients to
the iUGO Care platform by the end of June 2024, at an average of
$50 per patient per month with an expected 75% gross margin.
Onboarding with this client will begin 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.
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constitute forward-looking statements, within the meaning of
applicable securities laws. All statements that are not historical
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"forward-looking statements".
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Reliq Health Technologies Inc. (the
"Company") does not intend and does not assume any
obligation, to update these forward-looking statements except as
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SOURCE: Reliq Health Technologies Inc.
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