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Reliq Health Technologies Inc
Symbol RHT
Shares Issued 202,591,528
Close 2023-06-08 C$ 0.52
Market Cap C$ 105,347,595
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Reliq Health signs six contracts in Calif., Fla., Nev.

2023-06-09 09:06 ET - News Release

Dr. Lisa Crossley reports

RELIQ HEALTH TECHNOLOGIES, INC. ANNOUNCES SIX NEW CONTRACTS IN CA, FL AND NV

Reliq Health Technologies Inc. has signed six new contracts with physician practices in California, Florida and Nevada. These new contracts are expected to add over 3,000 new patients to Reliq's iUGO Care platform by the end of Q1 calendar year 2024, at an average revenue of $65 per patient per month.

"We are very pleased with our continued traction in California, Florida and Nevada," said Dr. Lisa Crossley, chief executive officer at Reliq Health Technologies. "The southern U.S. states are a particularly attractive market segment for Reliq due to demographics. With many older Americans choosing to move south in retirement, there is a very large population of Medicare-covered patients in these states who are eligible for Reliq's services. The three states where we have the largest number of patients -- California, Florida and Texas -- make up over 25 per cent of the total U.S. population, with over 90 million residents. The new clients will be using the iUGO Care remote patient monitoring (RPM), chronic care management (CCM) and behavioural health integration (BHI) modules to improve health outcomes and reduce the cost of care for their chronic disease patients. We expect to add over 3,000 patients to the iUGO Care platform by the end of March, 2024, through these contracts, at an average of $65 per patient per month with an expected 75-per-cent gross margin. All six practices will go live next month."

About Reliq Health Technologies Inc.

Reliq Health Technologies is a rapidly growing global health care technology company that specializes in developing innovative virtual care solutions for the multibillion-dollar health care market. Reliq's powerful iUGO Care platform supports care co-ordination and community-based virtual health care. 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 emergency room visits.

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