Reliq Health Technologies, Inc. Announces New Contract with Care Management Network in California that includes 50 Clinics and over 500 Physicians

Rhea-AI Summary

Reliq Health Technologies Inc. (OTC:RQHTF) has announced a new contract with a California-based Care Management Network, encompassing 50 clinics and over 500 physicians. This network aims to provide culturally-customized healthcare to Asian-American senior citizens across the state. The company will utilize its iUGO Care platform to offer multilingual services, including Remote Patient Monitoring and Chronic Care Management. Expected onboarding of patients starts in March, with an average revenue projection of US$40 per patient per month.

Positive

• New contract with a Care Management Network in California, covering 50 clinics and over 500 physicians.
• Expected average revenue of US$40 per patient per month, enhancing revenue potential.
• Expansion into the West Coast market, targeting a specific demographic (Asian-American seniors) with tailored services.

Negative

• None.

HAMILTON, Ontario, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global telemedicine company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed a new contract with a Care Management Network in California that includes 50 Clinics and over 500 physicians in California. The network delivers culturally-customized, technology-enabled health care to senior citizens in the Asian-American community across California.

“We are very pleased to be expanding on the West Coast, and in particular to be leveraging our customizable, multilingual iUGO Care and iUGO Home solutions to meet the needs of Medicare, Medicaid and privately-insured patients in the Asian-American community in California” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Using our highly scalable iUGO Care platform, physicians serving this community will be able to manage complex patients in their own homes and in their preferred language, offering multilingual Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) services. With iUGO Home, case managers in the network can support seniors aging in place, allowing them to live safely and independently by providing multilingual personal emergency response services, fall detection, medication reminders and geofencing. We expect to begin onboarding patients in March, with an average revenue of US$40/patient/month."

Reliq Health
Reliq Health Technologies is a rapidly growing global telemedicine 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

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 is the significance of Reliq Health's new contract with the Care Management Network in California?

The new contract expands Reliq Health's operations in California, connecting them with 50 clinics and over 500 physicians, focusing on healthcare for Asian-American seniors.

When will Reliq Health start onboarding patients under the new contract?

Reliq Health expects to begin onboarding patients in March.

What revenue is Reliq Health projecting per patient under this new contract?

Reliq Health is projecting an average revenue of US$40 per patient per month.

How does Reliq Health's iUGO Care platform support patient care?

The iUGO Care platform provides multilingual Remote Patient Monitoring, Chronic Care Management, and Behavioral Health Integration services, allowing for better management of complex patients at home.