Reliq Health Technologies, Inc. Announces 5 New Contracts in Nevada, California and Texas

Rhea-AI Summary

Reliq Health Technologies Inc. (OTC:RQHTF) announced the signing of 5 new contracts with physician practices in Nevada, California, and Texas. The expansion includes three practices in Nevada, addressing a significant healthcare access issue for over 1 million residents with chronic conditions. The new clients are anticipated to onboard more than 2,500 patients, generating approximately $50 per patient monthly starting April 2022. Reliq's iUGO Care platform enhances virtual healthcare delivery, aiming to improve health outcomes and reduce care delivery costs.

Positive

• Signed 5 new contracts with physician practices in Nevada, California, and Texas.
• Expansion into Nevada addresses healthcare access for 1 million residents.
• Projected revenue generation of $50 per patient per month from 2,500 new patients.

Negative

• None.

HAMILTON, Ontario, March 03, 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 5 new contracts with physician practices in Nevada, California and Texas.

“We are very excited to be expanding into Nevada with three new physician practices,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Over 1 million residents of Nevada have chronic conditions like hypertension, arthritis, diabetes and kidney disease. Nevada is ranked 47^th out of 50 US States in terms of the ratio of physicians to residents, making access to care a significant challenge for patients across the State. Using Reliq’s iUGO Care platform, clinicians in Nevada can provide high quality, proactive, preventative care to more patients, improving access to care and health outcomes for at-risk patients. We are also pleased to add two new primary practices in California and Texas. Together these five clients are expected to add over 2,500 new patients to Reliq’s platform. We expect to begin onboarding patients from these practices in April, 2022 and to generate revenue of $50 per patient per month.”

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 WKN as 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

US Investor Relations Contact
Investor Relations
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
646-829-9701
shamsian@lythampartners.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".

We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Reliq Health Technologies Inc. (the "Company") does not intend and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

SOURCE: Reliq Health Technologies Inc.

FAQ

What new contracts did Reliq Health Technologies sign?

Reliq Health Technologies signed 5 new contracts with physician practices in Nevada, California, and Texas.

How many patients are expected to be onboarded by Reliq Health Technologies?

Reliq expects to onboard over 2,500 new patients from the newly signed practices.

What is the revenue expectation per patient for Reliq Health Technologies?

Reliq anticipates generating $50 per patient per month from the new contracts.

When will Reliq Health Technologies begin onboarding new patients?

Onboarding of new patients is expected to begin in April 2022.

How does the iUGO Care platform benefit patients?

The iUGO Care platform enhances virtual healthcare delivery, improving access and health outcomes for patients.