HAMILTON, Ontario, Nov. 04, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a quickly rising world healthcare know-how firm that develops progressive Virtual Care options for the multi-billion greenback Healthcare market, at the moment introduced {that a} beforehand disclosed shopper with a community of Skilled Nursing Facilities (SNFs) in Florida has added an extra 50 amenities to its contract with the Company. This addition to the prevailing contract is predicted so as to add an extra 5,000 new sufferers per thirty days or 60,000 new sufferers per yr to Reliq’s iUGO Care platform starting in 2023.
“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,” stated Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “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 will begin onboarding patients with these additional facilities in early 2023. Once all 50 facilities are live we expect to onboard over 5,000 of their newly discharged patients every month going forward. Skilled Nursing Facilities represent a large and previously untapped market for Reliq’s products. There are over 15,000 SNFs in the United States and over 1.5 million Medicare patients received care in a SNF setting in 2021 (www.cms.gov). We are very pleased that we are gaining significant traction in this space.”
Reliq Health
Reliq Health Technologies is a quickly rising world healthcare know-how firm that makes a speciality of growing progressive Virtual Care options for the multi-billion greenback Healthcare market. Reliq’s highly effective iUGO Care platform helps care coordination and community-based digital healthcare. iUGO Care permits advanced sufferers to obtain prime quality care at house, enhancing well being outcomes, enhancing high quality of life for sufferers and households and lowering the price of care supply. iUGO Care supplies real-time entry to distant affected person monitoring information, permitting for well timed interventions by the care workforce to stop pricey hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture underneath the image RHT, on the OTC as RQHTF and on the Frankfurt Stock Exchange underneath the WKN: A2AJTB.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
For additional data please contact:
Company Contact
Investor Relations at [email protected]
US Investor Relations Contact
Investor Relations
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
646-829-9701
[email protected]
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Forward-looking statements embody, however will not be restricted to, statements with respect to industrial operations, together with know-how improvement, anticipated revenues, projected measurement of market, and different data that’s based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration.
Reliq Health Technologies Inc. (the “Company“) doesn’t intend and doesn’t assume any obligation, to replace these forward-looking statements besides as required by regulation. These forward-looking statements contain dangers and uncertainties regarding, amongst different issues, know-how improvement and advertising and marketing actions, the Company’s historic expertise with know-how improvement, uninsured dangers. Actual outcomes might differ materially from these expressed or implied by such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
