Reliq Health Technologies, Inc. Announces Contracts with Three New Clients in California
HAMILTON, ON, November 16, 2021 - Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global medtech company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed contracts with three new clients in California including a hospice care organization, a home health agency network and a care management network.
“We are very excited to be expanding our business in California,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “These three healthcare organizations together have over 200 physician practices and over 50,000 eligible Medicare patients throughout the state. California has the largest number of Medicare beneficiaries of any state, with over 4.5 Million Medicare-enrolled residents. As the population ages, the percentage of Californians covered by Medicare will continue to rise faster than the national average. Over 79% of Medicare patients in California or over 3.5 Million individuals have two or more chronic conditions. Medicare reimbursement in California is among the highest in the US, and physician practices in California can receive more than $400 per patient per month from the Centers for Medicare & Medicaid Services (CMS) for services provided using Reliq’s iUGO Care platform. The Company expects to generate over $65 per patient per month through these contracts. Onboarding with the first two physician practices is expected to begin next month.”
Reliq Health
Reliq Health Technologies is a rapidly growing global medtech 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
Reliq Health Technologies Inc.
#406A - 175 Longwood Rd S
Hamilton, ON, L8P 0A1
Phone: (888) 869-1362
Fax: (647) 317-1929
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SOURCE: Reliq Health Technologies Inc.