HAMILTON, Ontario, April 14, 2023 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, is pleased to announce that it has signed seven new contracts with physician practices and home health agencies in Nevada and Texas. The Company is also excited to announce that it has gone live with its previously disclosed large healthcare system client. Onboarding has begun at 20 of the client’s Skilled Nursing Facilities and is expected to add over 2,000 new patients per month to Reliq’s iUGO Care platform by the end of 2023, at an average revenue of $65 per patient per month.
“We continue to add new clients to the platform, particularly in the southern US,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “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 we expect to add over 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.”
Reliq Health Technologies is a rapidly growing global healthcare technology company that specializes in developing innovative Virtual Care solutions for the multi-billion dollar Healthcare market. Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing 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 ER visits. Reliq Health Technologies trades on the TSX Venture under the symbol RHT, on the OTC as RQHTF and on the Frankfurt Stock Exchange under the WKN:A2AJTB.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
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SOURCE: Reliq Health Technologies Inc.