- Reliq Health Technologies (RHT) has added 34 new acute and long-term care hospital clients with a large healthcare network in Florida
- These new clients are expected to add over 20,000 patients per year to Reliq’s iUGO Care platform
- Reliq Health Technologies specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring
- Reliq Health Technologies Inc. (RHT) opened trading at C$0.485 per share
Reliq Health Technologies (RHT) has added 34 new acute and long-term care hospital clients with a large healthcare network in Florida.
These new clients are expected to add over 20,000 patients per year to Reliq’s iUGO Care platform at an average revenue of $65 per patient per month.
“The biggest risk to profit margins for acute and long-term care hospitals is the potential for patient readmissions within the first 30 days after discharge,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc.
“The Centers for Medicare & Medicaid Services (CMS) assess financial penalties to hospitals under the Hospital Readmissions Reduction Program (HRRP) based on rates of readmission. In 2021, 96% of all hospitals in Florida received a financial penalty due to readmission rates (www.cms.gov). We have consistently demonstrated that patients who are monitored using our iUGO Care platform have better health outcomes and lower rates of hospital admissions and readmissions, which can significantly reduce or eliminate HRRP penalties for our clients. We are excited to be working with these hospitals, which specialize in cardiac and orthopedic patients to help improve post-discharge outcomes for patients who have experienced cardiac events (acute myocardial infarction, heart failure), cardiac surgery (“bypass”) or orthopedic surgery (hip or knee replacement). We expect to add approximately 1,700 patients per month to our platform from these clients, or over 20,000 patients per year, with revenues of $65 per patient per month at a 75 per cent gross margin.”
Reliq Health Technologies specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. 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 Inc. (RHT) opened trading at C$0.485 per share.
