Reliq Health Technologies, Inc. Announces Contracts with Two New Clients in the US, Expansion of iUGO Platform for Hospice Care

Rhea-AI Summary

Reliq Health Technologies Inc. (OTC:RQHTF) has announced contracts with two new clients, adding over 1,000 Medicare patients to its iUGO platform, generating an average revenue of $65 USD per patient per month. The company has also expanded its iUGO Hospice solution, which supports remote monitoring and care for hospice patients. This development is significant given that over 1.5 million Medicare patients were enrolled in hospice care in 2020, indicating a growing demand for their services.

Positive

• Added contracts with two clients, increasing patient base by over 1,000 Medicare patients.
• Average revenue of $65 USD per patient per month.
• Expanded iUGO Hospice solution enhances patient care capabilities.

Negative

• None.

HAMILTON, Ontario, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global medtech company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed contracts with two new clients and has expanded the iUGO platform’s support for Hospice care by leveraging Reliq’s iUGO Care and iUGO Home modules.

“We continue to grow our client base in the US and have added two new clients this week,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “These two contracts will add over 1,000 new Medicare patients to our platform at an average revenue of $65 USD per patient per month. Onboarding will begin next month. We are also very pleased to announce that we have expanded our Hospice care solution to leverage features from both the iUGO Care and iUGO Home modules. Our expanded iUGO Hospice solution supports remote monitoring of hospice patients’ vital signs as well as fall detection, medication reminders and personal emergency response services. iUGO Hospice provides clinicians with real time pulse oxygenation data which is particularly valuable in managing palliative patients on opioid pain medication. It also consolidates all patient data into one platform, allowing clinicians to more effectively prioritize care for this complex patient population. Over 1.5 Million Medicare patients were enrolled in hospice programs in 2020 and over 48% of all Medicare patients will access hospice care at the end of life, creating significant demand for solutions like iUGO Hospice.”

Reliq Health
Reliq Health Technologies is a rapidly growing global medtech 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 recent contracts did Reliq Health Technologies Inc. sign?

Reliq Health Technologies Inc. signed contracts with two new clients, adding over 1,000 Medicare patients to its iUGO platform.

What is the average revenue per patient for Reliq Health Technologies Inc.?

The average revenue per patient for Reliq Health is $65 USD per month.

How does the expansion of iUGO Hospice benefit patients?

The expansion of iUGO Hospice supports remote monitoring of vital signs and enhances care coordination for hospice patients.

How many Medicare patients were enrolled in hospice programs in 2020?

Over 1.5 million Medicare patients were enrolled in hospice programs in 2020.

What is the stock symbol for Reliq Health Technologies Inc.?

The stock symbol for Reliq Health Technologies Inc. is RQHTF.