Reliq Health Technologies, Inc. Announces New Skilled Nursing Facility Clients, Expansion of Care Management Team
Reliq Health Technologies (OTC:RQHTF) announced the acquisition of four new Skilled Nursing Facility clients in the Southern US, signaling increased demand for its Care Management Services. The company’s iUGO Care platform offers various services to improve patient health outcomes and generate new revenue streams for clients, averaging $50 per patient per month. Reliq is also expanding its Care Management team to meet this demand, with potential revenues of $100 per patient per month for its premium service. The company aims to enhance care coordination through its telemedicine solutions.
- Acquisition of four new Skilled Nursing Facility clients increases revenue potential.
- Expansion of Care Management team to meet growing demand for services.
- Average revenue of $50 USD per patient per month from new clients.
- None.
HAMILTON, Ontario, May 06, 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 four new Skilled Nursing Facility clients in the Southern United States, and is expanding its Care Management team in response to significant demand for the Company’s Care Management Services.
“We are very pleased to be working with these four new Skilled Nursing Facilities and expect to begin onboarding their patients next month,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Skilled Nursing Facilities (SNFs) were among the hardest hit by the global pandemic, but thanks to the successful vaccine rollout in the US they are now able to resume operations and focus on offering new, proactive healthcare options to their patients. Using our iUGO Care platform, SNFs can provide discharged patients with Transitional Care Management, Remote Patient Monitoring, Annual Wellness Visits and other services aimed at preventing readmissions and proactively managing chronic conditions to improve health outcomes. These services create new, high margin revenue streams for Skilled Nursing Facilities while also improving patient satisfaction, and help SNFs avoid significant financial penalties assessed by Medicare and Medicaid for preventable readmissions. The average revenue for Reliq for these clients is
The Company also announced that it is expanding its Care Management Team in response to rapidly growing demand for its Care Management Services. “During the pandemic we have had all of our Care Managers working from their own homes, and that has been very successful,” said Dr. Crossley. “This is very good news for Reliq in terms of scaling up our Care Management Services as it means that we can hire Care Managers in any US State, and will not be limited by a finite pool of qualified personnel in a single area. We’re excited to see the increasing demand for Care Management, our premium product which generates an average revenue of
Reliq Health
Reliq Health Technologies is a rapidly growing global telemedicine 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
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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.
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