Reliq Health Technologies Inc. (TSXV:RHT) (OTCPink:RQHTF) (FSE:MHN2) signs seven new contracts with physician practices and home health agencies in Nevada and Texas and goes live with first 20 of 1,200 facilities from large healthcare system. Dr. Lisa Crossley, CEO, stated: “We continue to add new clients to the platform, particularly in the southern US. Due to large concentration of retirees in these states, there are millions of chronic disease patients in this region who can benefit from Reliq’s proactive, preventative approach to virtual care. We have also started onboarding patients with 20 Skilled Nursing Facilities (SNFs) that belong to a previously disclosed new client, a large healthcare system with over 1,200 care settings across seven states. The SNF patients will be using the iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) modules.”
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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 seven new contracts with physician practices and home health agencies in Nevada and Texas.
Dr. Lisa Crossley, CEO, stated: “We continue to add new clients to the platform, particularly in the southern US. Due to large concentration of retirees in these states, there are millions of chronic disease patients in this region who can benefit from Reliq’s proactive, preventative approach to virtual care. We have also started onboarding patients with 20 Skilled Nursing Facilities (SNFs) that belong to a previously disclosed new client, a large healthcare system with over 1,200 care settings across seven states. The SNF patients will be using the iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) modules.”
With these first 20 facilities the company expects to add more than 2,000 patients per month to the iUGO Care platform by the end of 2023, at an average revenue of $60 per patient for the first 30 days post-discharge and $65 per patient per month for every subsequent month at an expected 75% gross margin.
When you consider these 20 facilities represent less than 2% of the 1,200 care centres included in this contract, image the full revenue potential from the other 1,180 facilities.
We have some highlights from Dr. Crossley at Reliq’s latest investor webinar where she provides an update on operations and the outlook for the balance of 2023.
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 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 $0.53.
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
