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HAMILTON, Ontario, March 30, 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 10 new contracts with eight physician practices in Nevada and Northern California, and two home health agencies in Texas. These clients are expected to add over 5,000 new patients to Reliq’s iUGO Care platform by the end of 2023 at an average revenue of $65 per patient per month.
“We are pleased to be adding these ten new clients to our platform, and to be expanding beyond our current presence in Southern California to Northern California,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “Patients in Northern California outside of the large urban centers face significant challenges in accessing care. There is a large rural Medicare population in Northern California and we are excited to be working with their care providers to help provide access to high quality virtual care. In Nevada and California, the physician practices will be providing Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) to their patients. In Texas, the home health agencies will be providing RPM to their patients. Through these contracts we expect to add over 5,000 patients to the iUGO Care platform by the end of 2023 at an average revenue of $65 per patient per month, at an expected 75% gross margin.”
Reliq Health
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
For further information please contact:
Company Contact
Investor Relations at ir@reliqhealth.com