Le Lézard
Classified in: Science and technology, Business
Subject: BUSINESS CONTRACTS

Reliq Health Technologies, Inc. Announces 50 New Skilled Nursing Facilities Clients in Florida


HAMILTON, Ontario, Nov. 04, 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 that a previously disclosed client with a network of Skilled Nursing Facilities (SNFs) in Florida has added an additional 50 facilities to its contract with the Company. This addition to the existing contract is expected to add a further 5,000 new patients per month or 60,000 new patients per year to Reliq's iUGO Care platform beginning in 2023.

"We are very excited that our existing client has chosen to expand the deployment of our iUGO Care platform into an additional 50 of the Skilled Nursing Facilities (SNFs) in their network," said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. "As with the previously announced 40 facilities, we will be providing our iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) solutions to help improve post-discharge health outcomes and reduce readmissions, while also generating new revenue streams for the facilities. Reliq will provide TCM to newly discharged patients at a rate of $60 per patient, with recurring revenue from RPM, CCM and BHI of $65/patient per month, at 75% gross margin. We will begin onboarding patients with these additional facilities in early 2023. Once all 50 facilities are live we expect to onboard over 5,000 of their newly discharged patients every month going forward. Skilled Nursing Facilities represent a large and previously untapped market for Reliq's products. There are over 15,000 SNFs in the United States and over 1.5 million Medicare patients received care in a SNF setting in 2021 (www.cms.gov). We are very pleased that we are gaining significant traction in this space."

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 [email protected]

US Investor Relations Contact
Investor Relations
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
646-829-9701
[email protected]

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.



These press releases may also interest you

at 14:04
The University of Tennessee, Learfield's "Vol Network", and Yee-Haw Brewing Company are excited to announce a multiyear partnership designating Yee-Haw as the Exclusive Craft Beer of the Tennessee Volunteers. This new collaboration brings together...

at 14:00
A1 Garage Door Service, a national leader in the garage door service and sales industry, has acquired American Veteran Garage Door Repair, which services the greater Las Vegas area....

at 14:00
State has been recognized as a Best Places in Work in Collections for the ninth consecutive year. This prestigious award is sponsored by ACA International and administered by the Best Companies Group, which conducts over 60 "Best Places" programs...

at 14:00
Amber Group, a leading global digital asset company, recently announced the launch of BUIDL_QUESTS, a $40,000 innovation challenge designed to identify and support groundbreaking ideas and projects in the Web3 space. This challenge seeks to empower...

at 13:55
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report...

at 13:40
Marlin Spring Developments is pleased to announce the strategic acquisition of key land situated at the foot of a multi-modal transit hub in Etobicoke. This acquisition marks a significant milestone in the company's commitment to urban development...



News published on and distributed by: