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VANCOUVER, British Columbia, Nov. 07, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHT) (OTCPink:RQHTF) (FSE:MHN2), a quickly rising international healthcare expertise firm growing modern Virtual Care options for the multibillion-dollar Healthcare market, has contracted with a present consumer so as to add an extra 50 Skilled Nursing Facilities to its iUGO Care platform.
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Dr. Lisa Crossley, CEO, acknowledged: “We are very excited that our existing client has chosen to expand the deployment of our iUGO Care platform into an additional 50 of the Skilled Nursing Facilities (SNFs) in their network. As with the previously announced 40 facilities, we will be providing our iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) solutions to help improve post-discharge health outcomes and reduce readmissions, while also generating new revenue streams for the facilities. Reliq will provide TCM to newly discharged patients at a rate of $60 per patient, with recurring revenue from RPM, CCM and BHI of $65/patient per month, at 75% gross margin. We are very pleased that we are gaining significant traction in this space.”
Reliq will start onboarding sufferers with these further amenities in early 2023 and as soon as all 50 amenities are stay the corporate expects to onboard greater than 5,000 new sufferers per thirty days or 60,000 new sufferers per yr to its iUGO Care platform. Skilled Nursing Facilities signify a massive and beforehand untapped marketplace for Reliq’s merchandise.
With a Skilled Nursing Facility, skilled registered nurses present the identical degree of nursing care you obtain in a hospital, in a medical setting, below a physician’s supervision. After an sickness, harm or surgical procedure, sufferers might go from a hospital to a Skilled Nursing Facility to proceed recovering, the place along with expert nursing, the care might embrace rehabilitative companies from licensed bodily, occupational or speech therapists. A Skilled Nursing Facility supplies transitional care, which is roofed below Medicare for a restricted time after a qualifying hospital keep.
Market analysis agency “Future Market Insights” states that the U.S. expert nursing facility market is anticipated to develop at a compound annual development fee of three.32%, reaching US$252 billion by 2032.
The ongoing analysis signifies that a rise in circumstances comparable to diabetes, stroke, hypertension, and different life-style associated illnesses has resulted in a rise in Alzheimer’s, driving the U.S. expert nursing facility market traits. In 2019, roughly 1.5 million Medicare sufferers acquired care at roughly 15,000 expert nursing amenities.
Based in Hamilton, Ontario, with workplaces in Florida and Texas, Reliq focuses on growing modern Virtual Care options for the multi-billion greenback healthcare market. The firm’s highly effective iUGO CARE platform for care coordination and residential healthcare integrates wearables, sensors, voice expertise with intuitive cellular apps and desktop software program for sufferers, households, clinicians, and healthcare directors.
The expertise platform is a complete SaaS resolution that enables advanced sufferers to obtain high-quality care at house, bettering well being outcomes, enhancing the standard of life for sufferers and households, and lowering the price of care supply. iUGO Care supplies real-time entry to distant affected person monitoring knowledge, permitting for well timed interventions by the care group to stop expensive hospital readmissions and emergency room visits.
The shares are buying and selling at $0.67. For extra data, please go to the corporate’s web site, www.ReliqHealth.com or e mail [email protected]. Investor Relations within the United States is dealt with by Ben Shamsian of Lytham Partners, who could be reached at 649-829-9701 or by e mail at [email protected].
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