Reliq Health Technologies, Inc. Announces New Contract with Large Healthcare System with over 1,200 Care Centers across 7 US States
HAMILTON, Ontario, March 16, 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 a new contract with a large healthcare system with over 1,200 care centers across New York, Ohio, Maryland, Virginia, Florida, Kentucky and South Carolina. Onboarding with this new client will begin next month at 20 of their Skilled Nursing Facilities, which are 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 are very excited to have signed a new client that has such a strong presence across seven US states,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “This client has over 1,200 care centers across New York, Ohio, Maryland, Virginia, Florida, Kentucky and South Carolina including Skilled Nursing Facilities (SNFs), hospitals, home health agencies, hospice agencies and primary care clinics. The healthcare system has more than 10 million patient encounters a year across their network. It is a clear validation of our unique value proposition that Reliq is able to attract such large and well-respected healthcare clients. We will initially begin deploying our iUGO Care platform with 20 of the client’s Skilled Nursing Facilities, providing newly discharged patients with high quality, long term virtual care in the comfort of their own homes using our Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) modules. With these first 20 facilities alone we expect to add over 2,000 patients per month to the iUGO Care platform at an average revenue of $60 per patient for the first 30 days post-discharge and $65 per patien 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.