HAMILTON, Ontario, June 28, 2022 (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, today announced that it has signed six new contracts with physician practices, home health agencies and skilled nursing facilities in California, Texas, Florida and Puerto Rico that are expected to add over 3,500 patients to Reliq’s platform this year.
“We are excited to announce that we have signed six new contracts with healthcare providers in California, Texas, Florida and Puerto Rico.,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “These clients include three skilled nursing facilities. The Centers for Medicare & Medicaid Services (CMS) introduced coverage for remote patient monitoring of inpatients in long term care (LTC) and skilled nursing facilities (SNF) in 2022. Remote monitoring of these patients can reduce the cost of care and improve health outcomes by identifying patients requiring a medical intervention earlier, helping prevent complications that would require an ER visit or ICU stay. In-facility remote monitoring provides a new revenue stream for long term care and skilled nursing facilities and improves facility workflow. Prioritizing patient interventions improves clinical staff efficiency and helps address chronic staffing shortages in the LTC and SNF industries. Onboarding of these patients will begin in July. These clients are expected to add over 3,500 patients to our platform in 2022, at an average revenue of $50 per patient per month at 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.