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HAMILTON, Ontario, Oct. 26, 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, immediately introduced that it has signed a brand new contract with a community of 40 Skilled Nursing Facilities (SNFs) in Florida. The Company expects to start onboarding with these shoppers subsequent month and have all 40 SNFs reside by the tip of March, 2023. This contract is anticipated so as to add 4,000 sufferers per 30 days to Reliq’s iUGO Care platform as of April, 2023 and the Company expects to have over 50,000 new SNF sufferers onboarded by the tip of 2023.
“Skilled Nursing Facilities (SNFs) play a critical role in the healthcare system, helping patients transition from acute care back into the community in a lower-cost setting than the hospital,” stated Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “As the population ages and grows the number of Medicare patients with chronic conditions is steadily increasing, placing pressure on SNFs to reduce the length of stay for individual patients in their facilities. As a result, demand from the SNF market for post-discharge care has grown dramatically. SNFs face significant financial penalties if patients are readmitted to their facilities or to hospital post-discharge. Reliq’s iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) solutions can help improve post-discharge health outcomes and reduce readmissions, while also generating new revenue streams for Skilled Nursing 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 at the first few facilities next month and expect to go live with all 40 SNFs by the end of March, 2023. Once all 40 facilities are live we expect to onboard over 4,000 newly discharged patients every month going forward.”
Reliq Health
Reliq Health Technologies is a quickly rising world healthcare know-how firm that makes a speciality of creating 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 complicated sufferers to obtain top quality care at house, bettering well being outcomes, enhancing high quality of life for sufferers and households and decreasing the price of care supply. iUGO Care gives real-time entry to distant affected person monitoring information, permitting for well timed interventions by the care crew 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 info 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]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Statements Regarding Forward Looking Information
Certain statements on this press launch represent forward-looking statements, throughout the which means of relevant securities legal guidelines. All statements that aren’t historic info, together with with out limitation, statements concerning future estimates, plans, applications, forecasts, projections, targets, assumptions, expectations or beliefs of future efficiency, are “forward-looking statements”.
We warning you that such “forward-looking statements” contain recognized and unknown dangers and uncertainties that would trigger precise and future occasions to vary materially from these anticipated in such statements.
Forward-looking statements embody, however aren’t restricted to, statements with respect to industrial operations, together with know-how growth, anticipated revenues, projected measurement of market, and different info 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 legislation. These forward-looking statements contain dangers and uncertainties regarding, amongst different issues, know-how growth and advertising and marketing actions, the Company’s historic expertise with know-how growth, uninsured dangers. Actual outcomes might differ materially from these expressed or implied by such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
