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Reliq Health (TSXV:RHT) announces contracts with six US physician practices

Health Care
TSXV:RHT
05 August 2021 08:45 (EDT)
Reliq Health Technologies - CEO Dr. Lisa Crossley.

Source: Reliq Health Technologies

Reliq Health Technologies (RHT) has signed contracts to provide its iUGO Care platform to six new US primary care physician practices.

“We are pleased to announce that we are adding six new US physician practices and over 4,000 new patients to our iUGO Care platform,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc.

“These primary care physician practices will be using our iUGO Care Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) modules. The average revenue from these contracts will be >US$40 per patient per month. Onboarding with all six clients will begin this month and is expected to be completed in October. New client acquisition and patient onboarding has been accelerating significantly through July and we expect to continue to experience rapid growth in the business through the remainder of the year, and for the foreseeable future beyond 2021. The current quarter will be Reliq’s first full profitable quarter, which is a major milestone for the company.”

Reliq Health Technologies specializes in developing innovative Virtual Care solutions for the multi-billion dollar healthcare market.

Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows 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 ER visits.

Reliq Health Technologies Inc. opened trading at C$0.67 per share.

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