Reliq Health Technologies, Inc. Announces New Contract with US Physician Network with over 300 Locations and over 750 Physicians Nationwide
September 27 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 new contract with a physician network
with over 300 locations across the United States. The network
includes over 750 physicians and is expected to add over 100,000
new patients to the platform by the end of 2025. Onboarding will
begin next month.
“This is another substantial new contract for
Reliq,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies,
Inc. “This new client further expands our nationwide presence in
the US with more than 750 physicians and over 300 locations across
the US in their network. The contract is expected to add 100,000
eligible patients to our platform over the next two calendar years.
The client was referred to us by one of our existing Skilled
Nursing Facility network clients, further demonstrating that Reliq
has established itself as the gold standard for virtual care for
chronic disease patients. Healthcare customers are very
conservative due to the highly regulated environment in which they
operate and the critical impact their decisions have on the health
and safety of their patients. The fact that Reliq acquires so many
of our clients through referrals and word of mouth is a testament
to our unique value proposition in this market. Our iUGO Care
platform is user friendly for both patients and clinicians and has
been proven effective in improving health outcomes and reducing
healthcare spending. The iUGO Care system has been shown to reduce
hospitalizations in onboarded patient populations by over 80%,
which translates to dramatic improvements in patient quality of
life and significant reductions in costs to the healthcare system.
Due to our accelerating traction with large US healthcare clients,
we are currently adding multiple Care Managers and Implementation
Specialists to support the large deployments that we are initiating
in multiple States across the US. This is a period of rapid growth
for the Company that is expected to result in record revenue growth
in 2024 and beyond. As with all of our large clients we will be
using a phased rollout approach, with onboarding with this client
to begin with thirteen of the network’s physicians in Florida next
month. We expect to generate revenue of $65 per patient per month
at ~70% gross margin through this contract.”
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
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
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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
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Forward-looking statements include, but are not
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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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