STOCK TITAN

Reliq Health Technologies, Inc. Announces New Contracts with 20 Skilled Nursing Facilities, 10 Physician Practices Contracts and 2 Home Care Agencies in CA, FL, NV and TX

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Reliq Health Technologies has signed new contracts with 20 Skilled Nursing Facilities (SNFs), 10 physician practices, and 2 home care agencies in California, Florida, Nevada, and Texas. These contracts are expected to add over 30,000 new patients to Reliq's iUGO Care platform by the end of June 2024, with an average revenue of $65 per patient per month.

The new clients will use iUGO Care's Remote Patient Monitoring (RPM), Chronic Care Management (CCM), and Behavioural Health Integration (BHI) modules. SNFs will also use the Transitional Care Management (TCM) module. Onboarding will begin next month, ramping up to an average of 2,500 new patients per month in 2024.

Reliq expects a 75% gross margin from these contracts. The company has already documented >70% adherence in existing post-discharge SNF patients, with expectations for improvement over time.

Reliq Health Technologies ha firmato nuovi contratti con 20 Strutture di Assistenza Qualificata (SNFs), 10 studi medici e 2 agenzie di assistenza domiciliare in California, Florida, Nevada e Texas. Questi contratti si prevede aggiungeranno oltre 30.000 nuovi pazienti alla piattaforma iUGO Care di Reliq entro la fine di giugno 2024, con un ricavo medio di 65 dollari per paziente al mese.

I nuovi clienti utilizzeranno i moduli di Monitoraggio Remoto dei Pazienti (RPM), Gestione delle Cure Croniche (CCM) e Integrazione della Salute Comportamentale (BHI). Le SNFs utilizzeranno anche il modulo di Gestione delle Cure Transitorie (TCM). L'inserimento dei nuovi clienti inizierà il mese prossimo, aumentando fino a una media di 2.500 nuovi pazienti al mese nel 2024.

Reliq si aspetta un margine lordo del 75% da questi contratti. L'azienda ha già documentato oltre il 70% di aderenza nei pazienti esistenti delle SNF post-dimissione, con aspettative di miglioramento nel tempo.

Reliq Health Technologies ha firmado nuevos contratos con 20 Instalaciones de Enfermería Calificada (SNFs), 10 prácticas médicas y 2 agencias de atención domiciliaria en California, Florida, Nevada y Texas. Se espera que estos contratos agreguen más de 30,000 nuevos pacientes a la plataforma iUGO Care de Reliq para finales de junio de 2024, con un ingreso promedio de 65 dólares por paciente al mes.

Los nuevos clientes utilizarán los módulos de Monitoreo Remoto de Pacientes (RPM), Gestión de Atención Crónica (CCM) e Integración de Salud Conductual (BHI). Las SNFs también utilizarán el módulo de Gestión de Atención Transitoria (TCM). La incorporación comenzará el próximo mes, aumentando hasta un promedio de 2,500 nuevos pacientes por mes en 2024.

Reliq espera un margen bruto del 75% de estos contratos. La empresa ya ha documentado más del 70% de adherencia en los pacientes de SNF existentes después del alta, con expectativas de mejora con el tiempo.

Reliq Health Technologies는 캘리포니아, 플로리다, 네바다, 텍사스의 20개 숙련 간호 시설(SNF), 10개 의사 진료소 및 2개 홈 케어 에이전시와 새로운 계약을 체결했습니다. 이러한 계약은 2024년 6월 말까지 Reliq의 iUGO Care 플랫폼에 3만 명 이상의 새로운 환자를 추가할 것으로 예상되며, 환자당 평균 65달러의 수익이 예상됩니다.

새로운 고객은 iUGO Care의 원격 환자 모니터링(RPM), 만성 질환 관리(CCM), 행동 건강 통합(BHI) 모듈을 사용할 것입니다. SNF는 전환 관리(TCM) 모듈도 사용할 것입니다. 온보딩은 다음 달에 시작되어 2024년에는 월 2,500명의 새로운 환자를 평균으로 증가할 것입니다.

Reliq는 이러한 계약에서 75%의 총 이익률을 기대하고 있습니다. 이 회사는 기존의 퇴원 후 SNF 환자에서 70% 이상의 준수율을 문서화했으며, 시간이 지남에 따라 개선될 것으로 기대하고 있습니다.

Reliq Health Technologies a signé de nouveaux contrats avec 20 établissements de soins infirmiers qualifiés (SNFs), 10 cabinets médicaux et 2 agences de soins à domicile en Californie, en Floride, au Nevada et au Texas. Ces contrats devraient ajouter plus de 30 000 nouveaux patients à la plateforme iUGO Care de Reliq d'ici la fin juin 2024, avec un revenu moyen de 65 dollars par patient et par mois.

Les nouveaux clients utiliseront les modules de surveillance à distance des patients (RPM), de gestion des soins chroniques (CCM) et d'intégration de la santé comportementale (BHI) de iUGO Care. Les SNFs utiliseront également le module de gestion des soins transitoires (TCM). L'intégration commencera le mois prochain, augmentant jusqu'à une moyenne de 2 500 nouveaux patients par mois en 2024.

Reliq s'attend à une marge brute de 75% pour ces contrats. L'entreprise a déjà documenté plus de 70% d'adhérence chez les patients SNF existants après leur sortie, avec des attentes d'amélioration au fil du temps.

Reliq Health Technologies hat neue Verträge mit 20 Fachpflegeeinrichtungen (SNFs), 10 Arztpraxen und 2 häuslichen Pflegediensten in Kalifornien, Florida, Nevada und Texas unterzeichnet. Diese Verträge sollen bis Ende Juni 2024 über 30.000 neue Patienten zur iUGO Care-Plattform von Reliq hinzufügen, mit einem durchschnittlichen Umsatz von 65 Dollar pro Patient und Monat.

Die neuen Kunden werden die Module Remote Patient Monitoring (RPM), Chronic Care Management (CCM) und Behavioral Health Integration (BHI) von iUGO Care nutzen. SNFs werden auch das Transitional Care Management (TCM) Modul verwenden. Der Onboarding-Prozess beginnt nächsten Monat und soll 2024 auf durchschnittlich 2.500 neue Patienten pro Monat steigen.

Reliq erwartet eine Bruttomarge von 75% aus diesen Verträgen. Das Unternehmen hat bereits über 70% Adhärenz bei bestehenden post-Entlassungs-SNF-Patienten dokumentiert, mit Erwartungen an eine Verbesserung im Laufe der Zeit.

Positive
  • Signed contracts with 20 SNFs, 10 physician practices, and 2 home care agencies
  • Expected addition of over 30,000 new patients by June 2024
  • Average revenue of $65 per patient per month
  • Expected 75% gross margin
  • >70% adherence in existing post-discharge SNF patients
Negative
  • None.

HAMILTON, Ontario, June 22, 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 new contracts with 20 Skilled Nursing Facilities (SNFs), 10 physician practices and 2 home care agencies in California, Florida, Nevada and Texas. These new contracts are expected to add over 30,000 new patients to Reliq’s iUGO Care platform by the end of June 2024, at an average revenue of $65 per patient per month.

“As our shareholders know, the Skilled Nursing Facility (SNF) market has been a source of rapid growth for Reliq,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “SNFs are excellent partners for Reliq as they provide training on the iUGO Care system to their patients prior to discharge, which helps ensure high adherence levels for this patient population. We have already documented >70% adherence in our existing post-discharge SNF patients, and we expect their adherence to improve over time. All of the new clients will be using the iUGO Care Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) modules, and the Skilled Nursing Facilities will also be the Transitional Care Management (TCM) module. We expect to add over 30,000 patients to the iUGO Care platform by the end of June 2024 through these contracts, at an average of $65 per patient per month with an expected 75% gross margin. Onboarding with these clients will begin next month and will ramp up to a monthly average of 2,500 new patients per month in 2024.”

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

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

How many new patients is Reliq Health Technologies (RQHTF) expecting to add by June 2024?

Reliq Health Technologies (RQHTF) is expecting to add over 30,000 new patients to its iUGO Care platform by the end of June 2024 through these new contracts.

What is the average revenue per patient per month for Reliq Health Technologies (RQHTF) in these new contracts?

The average revenue per patient per month for Reliq Health Technologies (RQHTF) in these new contracts is $65.

Which states are the new contracts for Reliq Health Technologies (RQHTF) located in?

The new contracts for Reliq Health Technologies (RQHTF) are located in California, Florida, Nevada, and Texas.

What modules of iUGO Care will the new clients of Reliq Health Technologies (RQHTF) be using?

The new clients will be using the Remote Patient Monitoring (RPM), Chronic Care Management (CCM), and Behavioural Health Integration (BHI) modules. Skilled Nursing Facilities will also use the Transitional Care Management (TCM) module.

RELIQ HEALTH TECHS INC

OTC:RQHTF

RQHTF Rankings

RQHTF Latest News

RQHTF Stock Data

34.08M
218.50M
0.75%
2.54%
Health Information Services
Healthcare
Link
United States of America
Hamilton