HAMILTON, Ont., Jan. 6, 2023 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. RHTRQHTF (“reliq” or the “Pursue“), a fast-growing global healthcare technology company developing innovative virtual care solutions for the multi-billion dollar healthcare market, is pleased to announce that it has added 34 new acute-care and long-term hospital customers to a previously announced agreement with a major Florida healthcare network. These new customers 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 Company would also like to invite shareholders to a webinar on Wednesday, January 11, 2023 at 9:00am PST / 12:00pm EST, where the Company will provide an update on operations and discuss the outlook for 2023.

“The greatest risk to acute and long-term hospital profit margins is the possibility of patient readmissions within the first 30 days of discharge,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “The Centers for Medicare & Medicaid Services (CMS) evaluate financial penalties for hospitals under the Hospital Readmissions Reduction Program (HRRP) based on readmission rates. In 2021, 96% of all Florida hospitals received a financial penalty based on readmission rates (www.cms.gov). We have demonstrated time and again that patients monitored with 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 pleased to work with these hospitals specializing in cardiac and orthopedic patients to improve outcomes after discharge of patients who have suffered cardiac events (acute myocardial infarction, heart failure), cardiac surgery (“bypass”) or orthopedic surgery (hip or knee replacement). We anticipate adding approximately 1,700 patients from these clients to our platform each month, or over 20,000…