STOCK TITAN

Reliq Health Technologies, Inc. Partners with Data Soft Logic to Add over 50,000 New Patients per Year to Reliq’s iUGO Care Platform

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary

Reliq Health Technologies Inc. (OTC:RQHTF) has formed a partnership with Data Soft Logic (DSL) to offer its iUGO Care platform to DSL’s existing and new clients. This alliance targets over 600 home health and hospice agencies in the U.S., which collectively cater to over 500,000 Medicare and Medicaid patients. Reliq anticipates onboarding patients starting Q2 2022, expecting to add over 50,000 new patients annually by 2023, generating estimated revenues of $60 per patient per month.

Positive
  • Partnership with Data Soft Logic expected to expand client base significantly.
  • Projected addition of over 50,000 new patients annually starting in 2023.
  • Estimated revenue of $60 per patient per month represents substantial potential income.
Negative
  • None.

HAMILTON, Ontario, Jan. 24, 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 an agreement with Data Soft Logic (DSL) to provide iUGO Care to their existing and new clients. The Data Soft Logic platform is a cloud-based home health and hospice care solution that provides a suite of applications including point of care, billing, scheduling, accounting and human resources. The platform is used currently used by over 600 home health and hospice care agencies across the United States. Data Soft Logic’s home health and hospice clients work with over 1,000 primary care physicians who provide care to over 500,000 Medicare and Medicaid patients.

“We are thrilled to be working with Data Soft Logic on this highly synergistic partnership,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Reliq will be providing our iUGO Care remote patient monitoring (RPM), remote therapeutic monitoring (RTM), chronic care management (CCM), behavioral health integration (BHI) and transitional care management (TCM) software and services to Data Soft Logic’s home health agency and hospice provider clients throughout the United States. Reliq’s own home health and hospice clients will benefit from having the option of fully integrated access to Data Soft Logic’s exceptional, comprehensive practice management platform. Through this partnership, Reliq expects to begin onboarding patients in Q2 2022 and to ramp up to adding over 50,000 new patients per year to our platform in 2023, at an estimated revenue of $60 per patient per month.”

About Data Soft Logic
Data Soft Logic Corporation is a cloud-based home health care and Hospice solution offering a suite of applications including Point of Care, Symptom Management, Billing, Scheduling, Accounting and Human Resources. Data Soft Logic software is powerful and meaningful with simplicity of use for superior connected care at point of delivery. We are proud to have partnered with home health, hospice, and therapy agencies for over 10 years. Learn more at www.datasoftlogic.com.

Reliq Health
Reliq Health Technologies is a rapidly growing global healthcare technology 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 is Reliq Health Technologies Inc.'s partnership with Data Soft Logic about?

Reliq Health Technologies has partnered with Data Soft Logic to provide its iUGO Care platform to DSL's home health and hospice agency clients, enhancing care management solutions.

How many new patients does Reliq Health expect to onboard in 2023?

Reliq Health expects to onboard over 50,000 new patients annually starting in 2023.

What is the projected revenue per patient for Reliq Health's new partnership?

Reliq Health anticipates generating approximately $60 per patient per month through the new partnership with Data Soft Logic.

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