HAMILTON, Ont., Nov. 17, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. RHTRQHTF (“reliq” or the “company“), a fast-growing global healthcare technology company developing innovative virtual care solutions for the multi-billion dollar healthcare market, announced today that it has signed a contract with a network of 15 Qualified Nursing Facilities (SNFs) in California. This contract is expected to be valid, add an additional 1,000 new patients per month or 12,000 new patients per year to Reliq’s iUGO Care platform starting in 2023.

“We are very excited about expanding into the skilled nursing facility market in California,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Reliq will offer our iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioral Health Integration (BHI) solutions to improve post-discharge health outcomes and reduce readmissions while generating new revenue streams for the facilities. The Company will offer TCM to newly discharged patients at a rate of $60 per patient, with recurring revenues from RPM, CCM and BHI of $65 /patient and month at a gross margin of 75%. We will begin admitting patients to these facilities in early 2023. Once all 15 facilities are operational, we expect to be onboarding over 1,000 of their newly discharged patients each month. The skilled nursing space is one of our fastest growing market segments right now, and we’re excited to help SNFs bring new ones to their patients Providing health services tends to achieve better outcomes.”

Reliq Health
Reliq Health Technologies is a fast-growing global health technology company focused on 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 enables complex patients to receive quality care at home, improve health outcomes, improve…