InvestmentPitch Media Video discusses Reliq Health’s further expansion in Texas, with additional contracts to provide its proprietary iUGO Care platform to 3 new primary care physician practices
Vancouver, British Columbia – (Newsfile Corp. – October 4, 2021) – Reliq Health Technologies Inc. (TSXV: RHT) (OTC Pink: RQHTF) (WKN: A2AJTB), a growing global telemedicine company, announced further expansion into Texas, with additional contracts to provide its exclusive iUGO Care platform to three new primary care physician practices.
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These primary care physician offices will use the company’s iUGO Care remote patient monitoring, chronic care management and behavioral health integration modules to serve their chronically ill patients. Reliq plans to onboard over 1,500 patients for an average income of $ 60 per patient per month. Patient onboarding from these three new primary care physician offices will begin this month and is expected to be completed later this quarter.
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 comprehensive SaaS solution that enables patients with complex chronic diseases to receive high-quality care at home or other community setting, thereby improving health outcomes, improving health outcomes. quality of life for patients and families and reducing the cost of providing care. iUGO Care provides real-time access to remote patient monitoring data, enabling the healthcare team to intervene in a timely manner to avoid costly hospital readmissions and emergency room visits.
Dr Lisa Crossley, CEO, said: “We have seen a significant increase in demand for our solutions in Texas in response to the new Texas Medicaid guidelines that came into effect on September 1, 2021. Under the new guidelines, Texas Medicaid has extended the clinical conditions eligible for reimbursement for surveillance. away from patients to include heart failure, end-stage solid organ disease (heart, liver, kidney, lung, pancreas), organ transplantation and conditions requiring mechanical ventilation. While the federal Medicare program already included these conditions and several others, Texas Medicaid previously only covered remote monitoring of patients with hypertension and diabetes. The recent expansion of the Texas Medicaid remote patient monitoring program is in line with trends we have seen in the U.S. healthcare market to increase both the available reimbursement amounts and the reach of virtual patient care programs. with chronic diseases. As the Delta coronavirus variant continues to overwhelm U.S. hospitals, community physicians are urged to keep their chronically ill patients out of emergency departments and intensive care by proactively managing their conditions using virtual care. There is a real sense of urgency among our clients to get their patients on board quickly to help them stay healthy and at home during what most healthcare professionals expect will be a fall and a half. very difficult winters for hospitals due to the combined threat of the Delta variant and the flu. season. Using iUGO Care dramatically reduces the risk of hospitalization due to complications typically seen in chronically ill patients, helping to prevent these patients from adding to the strain on an already overburdened acute care system. “
Based on its strong organic growth, management expects gross margins of over 75% and EBITDA margins of over 45% by the end of calendar year 2021. The company does not plan to raise additional funds in the future in order to meet its revenue targets.
For more information, please visit the company’s website, www.ReliqHealth.com or send an email to [email protected] Investor relations in the United States are handled by Ben Shamsian of Lytham Partners, who can be contacted at 649-829-9701 or by email at [email protected]
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