CORRECTION: InvestmentPitch Media and Reliq Health Technologies Inc.
May 17 2023 - 9:49AM
In a release issued on Wednesday, May 17th by InvestmentPitch Media
and Reliq Health Technologies Inc., please note that the headline
has been updated to clarify that 10,000 patients were added to the
platform. The corrected release follows:
CORRECTION: InvestmentPitch Media Video
Discusses Reliq Health’s Signing of Contract with Large US Health
Plan, with 3,000 Doctors and 1 Million Patients, adding 10,000
Patients to its Platform
Reliq Health Technologies Inc. (TSXV:RHT)
(OTCPink:RQHTF) (FSE:MHN2), a rapidly growing global healthcare
technology company developing innovative Virtual Care solutions for
the multibillion-dollar Healthcare market, has signed a new
contract with a large US Health Plan. The Health Plan, which
operates Accountable Care Organizations in five States, includes
more than 3,000 doctors with more than 1,000,000 patients.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
For more information, please view the
InvestmentPitch Media video which provides additional news about
the company. The video is available for viewing on
“InvestmentPitch” or on
“YouTube”. If the link is not available, please
visit www.InvestmentPitch.com and enter “Reliq” in
the search box.
Dr. Lisa Crossley, CEO, stated: “We are very
pleased to have signed our first contract with a US Health Plan.
This new client is a proactive healthcare organization that works
to improve health outcomes while also reducing healthcare spending.
The client operates large Accountable Care Organizations (ACOs),
which are groups of healthcare providers who work together under a
value-based care model to reduce healthcare costs and improve
quality of care. The ACOs in this client’s network include over
3,000 physicians and serve more than a million patients. The Remote
Patient Monitoring, Chronic Care Management and Behavioral Health
Integration solutions Reliq will be providing using our iUGO Care
platform will support critical preventative programs to assist the
ACOs in achieving their cost and quality of care objectives. This
new contract is further validation of Reliq’s unique value
proposition in the US healthcare market and clearly demonstrates
our rapidly accelerating traction with large, multi-state US
healthcare organizations.”
This new client, which focuses on community-based
primary care, post-acute and specialty care, is a subsidiary of one
of the nation’s largest providers of hospital and healthcare
services and a Fortune 500 Company. Onboarding with this new client
will begin in July with one of their Accountable Care Organizations
in Texas, which is expected to add more than 10,000 new patients to
Reliq’s iUGO Care platform by the end of March 2024 at an average
revenue of $65 per patient per month with an expected 75% gross
margin.
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,
allowing 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 $0.62. 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.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of
video, which together with its extensive distribution, including a
news release service, to position your company’s story ahead of the
1,000's of companies seeking awareness and funding from the
financial community. The company specializes in producing short
videos based on significant news releases, research reports and
other content of interest to investors.
Disclaimer
The information in this InvestmentPitch Media Ltd
video is for the viewers information only. Reliq Health
Technologies has paid a fee not exceeding $2,000 in cash to have
its current news release produced in video format. The corporate
information is based on information that is publicly available. Any
information provided by InvestmentPitch Media Ltd., through its
media services is not to be construed as a recommendation or
suggestion or offer to buy or sell securities but is provided
solely as an informational media service. InvestmentPitch Media Ltd
makes no warranties or undertakings as to the accuracy or
completeness of this information. All due diligence should be done
by the viewer or their financial advisor. Investing in securities
is speculative and carries risk.
CONTACT: InvestmentPitch Media Barry Morgan, CEO
bmorgan@investmentpitch.com
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Reliq Health Technologies (TSXV:RHT)
Historical Stock Chart
From Apr 2023 to Apr 2024