Reliq Health Technologies, Inc. Announces New Contract with Leading US Healthcare Company with 75 Locations in Eight States
September 12 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 a contract with a leading US healthcare
company with 75 locations in 8 States. The client provides
integrated services across the continuum of care including skilled
nursing, rehabilitation, dialysis, long term care, memory care and
home health. The client has been recognized by both Newsweek and US
News & World Report as having some of the top long-term care
and skilled nursing facilities in the US.
“This is a huge win for Reliq that further
reinforces our reputation as the gold standard virtual care
solution for patients with chronic conditions,” said Dr. Lisa
Crossley, CEO of Reliq Health Technologies, Inc. “Our client is
consistently ranked among the top providers in the US for both
short- and long-term inpatient care. We were able to secure this
contract thanks to Reliq’s documented success with our Skilled
Nursing Facility clients in Florida, where we have reduced
readmission rates by over 80%, enabling our clients to avoid
significant financial penalties from Medicare and Medicaid. We will
begin our staged roll out with the client’s facilities in Kentucky,
a State with very high rates of hypertension and diabetes,
particularly amongst seniors. Reliq will be providing Remote
Patient Monitoring (RPM), Remote Therapeutic Monitoring (RTM),
Chronic Care Management (CCM), Behavioural Health Integration (BHI)
and Transitional Care Management (TCM) to patients both in-facility
and in the community. We expect to add more than 25,000 new
patients to the iUGO Care platform over the first 12 months of this
initial deployment in Kentucky, with implementation plans for the
facilities in the other seven States to be finalized with the
client in the new year. We expect to generate revenue of $65 per
patient per month at ~70% gross margin. Onboarding will begin next
quarter.”
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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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
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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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