Reliq Health Technologies Inc., a rapidly growing global telemedicine company developing innovative Virtual Care solutions for the multibillion-dollar Healthcare market, has signed new contracts in Nevada with a primary care organization that includes 6 clinics, and with a Maxillofacial Surgery practice.
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I’m Cassandra Bolinski for Investmentpitch Media
Reliq Health Technologies Inc., a rapidly growing global telemedicine company developing innovative Virtual Care solutions for the multibillion-dollar Healthcare market, has signed new contracts in Nevada with a primary care organization that includes 6 clinics, and with a Maxillofacial Surgery practice.
Maxillofacial surgeons specialise in the diagnosis and treatment of diseases affecting the mouth, jaws, face and neck.
Dr. Lisa Crossley, CEO, stated: “We continue to rapidly expand our customer base in Nevada. The primary care organization brings six clinics and over 3,000 eligible patients to our iUGO Care platform at an average revenue of $50 per patient per month. We are very excited to also be expanding into the Maxillofacial Surgery space through our new contract with an oral surgery practice in Nevada. Oral surgeons can generate new revenue by using iUGO Care to provide pre- and post-op monitoring and care management for their diabetic patients. Once the patient has successfully recovered from surgery their care can be transferred back to the primary care physician for ongoing monitoring through iUGO Care, providing the primary care physician with immediate access to an already established recurring revenue stream.”
Reliq expects to generate more than $450 per patient per surgery for short-term monitoring, followed by recurring revenue of $50 per patient per month as care is transferred back to the patient’s primary care physician.
Each oral surgery practice typically works closely with multiple physician practices, providing Reliq with a new channel through which it can access new primary care clients.
When the 3,000 patients are fully onboarded and generating revenues of US$50 per patient per month, the company anticipates generating revenue of more than CDN$190,000 per month.
Based in Hamilton, Ontario, with offices in Florida and Texas, Reliq specializes in developing innovative Virtual Care solutions for the multi-billion dollar healthcare market.
The company’s powerful iUGO Care technology platform is a comprehensive SaaS solution that allows 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 $0.78.
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
I’m Cassandra Bolinski for Investmentpitch Media
