VANCOUVER, British Columbia, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT) (OTCPink:RQHTF) (FSE:MHN2), a rapidly growing global telemedicine company developing innovative Virtual Care solutions for the multibillion-dollar Healthcare market, has signed a new contract with a physician practice network in Florida to onboard more than 50,000 patients to its iUGO Care platform.
When the more than 50,000 new patients are fully onboarded by the end of 2023 and generating an average revenue of US$60 per patient per month at a 75% gross margin, the company anticipates generating additional gross revenue of approximately CDN$3.9 million per month.
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Dr. Lisa Crossley, CEO, stated: “We are very pleased to be working with our new client in Florida to improve health outcomes and reduce healthcare costs for over 50,000 Medicare patients with chronic conditions. Reliq will be providing the full suite of iUGO Care software along with care management services as needed. Onboarding of these patients has already begun and is expected to be completed over the next five quarters, by the end of 2023. Our iUGO Care platform is proven to reduce hospitalizations, improve patient quality of life and generate significant new revenues for clinicians. Being selected by a large client like this is a testament to the Company’s strong and growing reputation as a leader in the virtual care space.”
Based in Hamilton, Ontario, with offices in Florida and Texas, Reliq specializes in developing innovative Virtual Care solutions for the multi-billion dollar healthcare market. The company’s powerful iUGO CARE platform for care coordination and home healthcare integrates wearables, sensors, voice technology with intuitive mobile apps and desktop software for patients, families, clinicians, and healthcare administrators.
The technology platform is a comprehensive SaaS solution that allows complex patients to receive high-quality care at home, improving health outcomes, enhancing the 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 emergency room visits.
The shares are trading at $0.56. For more information, please visit the company’s website, www.ReliqHealth.com or email IR@ReliqHealth.com. Investor Relations in the United States is handled by Ben Shamsian of Lytham Partners, who can be reached at 649-829-9701 or by email at shamsian@LythamPartners.com.
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