InvestmentPitch Media Video discusses Reliq Health
VANCOUVER, British Columbia, April 08, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV: RHT) (OTCPink: RQHTF) (FSE: MHN2), a rapidly growing global telemedicine company developing healthcare solutions innovative virtual services for billions of people in the one-dollar healthcare market, signed new contracts with two medical practices, a home care agency and three adult day care facilities in Texas, Nevada and Maryland .
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Dr Lisa Crossley, CEO, said: “We’re excited to add new adult medical daycares, medical practices, and a home health agency to our platform. Adult medical day care centers provide medically supervised care to chronically ill seniors and other eligible individuals during daytime hours in an ambulatory care facility environment. These facilities will use the iUGO Care platform to monitor these individuals’ biometric data while they are at the facility and automatically alert their physicians of any abnormal readings. Adult medical daycares will also use iUGO Care’s telemedicine module to allow adults in their care to have virtual visits with a primary care physician or specialist without having to be transported out of the facility..”
Reliq Health plans to begin onboarding these customers in May. When the more than 2,000 new patients are fully onboarded this year and generate an average of US$50 per patient per month, the company expects to generate revenue of over CA$125,000 per month.
The company also announces that, as expected, its aged customer accounts, those aged 12 months or older as of March 31, 2022, resulting from the flexible payment terms the company extended to its customers during the pandemic, have been collected. Fees for software and professional services are currently collected according to the company’s standard payment terms and are expected to continue in the future.
Accounts receivable for equipment, such as medical monitoring devices, sold to customers on a payment plan are collected on a monthly basis as scheduled and are expected to remain current going forward. The company only sells hardware to customers who have also signed software and services contracts; therefore, there is a corresponding recurring revenue from software and services associated with each hardware sale.
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 technology platform is a complete SaaS solution that enables complex patients to receive high-quality care at home, improve health outcomes, improve quality of life for patients and families and reduce the cost of providing care. iUGO Care provides real-time access to remote patient monitoring data, enabling rapid care team interventions to avoid costly hospital readmissions and emergency room visits.
The shares are trading at $0.85. For more information, visit the company’s website, www.ReliqHealth.com or email [email protected]. Investor Relations in the United States is handled by Ben Shamsian of Lytham Partners, who can be contacted at 649-829-9701 or by email at [email protected].
The information in this InvestmentPitch Media Ltd video is intended for viewers only. Reliq Health Technologies paid a fee not to exceed $2,000 in cash to have its current press release produced in video format. Company information is based on publicly available information. Any information provided by InvestmentPitch Media Ltd., through its media services should not be construed as a recommendation, suggestion or offer to buy or sell any securities, but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or representations as to the accuracy or completeness of this information. All due diligence should be performed by the viewer or their financial advisor. Investing in securities is speculative and involves risk.
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