InvestmentPitch Media Video Discusses Reliq Health’s Expansion into Mexico, Anticipates Adding more than 10,000 New Patients to Platform
July 07 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 its first
contract in Mexico.
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available by clicking on the image or link below:
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Dr. Lisa Crossley, CEO, stated: “We are very
excited to be expanding our business into Mexico. 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, a healthcare organization, will be
using the company’s 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. This
contract is expected to add more than 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, with
onboarding of new patients to begin next month. Management
anticipates an increasing demand for Reliq’s iUGO Care solutions in
Mexico going forward.
Based in Hamilton, Ontario, with offices in
Florida and Texas, Reliq specializes in developing innovative
Virtual Care solutions for the multibillion-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 $0.48. 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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