Reliq Health Technologies Inc V.RHT

Alternate Symbol(s): RQHTF

Healthcare Medical Devices

Reliq Health Technologies Inc. is a Canada-based global healthcare technology company that specializes in developing virtual care solutions. The Company's target markets include virtual care, long-term care and big data. iUGO Care, the Company's platform, is a software as a service solution that supports care coordination and community-based healthcare. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, remote therapeutic monitoring and wound care. Its behavioral health integration service supports patients with any mental, behavioral, or psychiatric health diagnoses by integrating mental health, psychiatric care, counseling, and addiction services with primary care.

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Reliq Health Technologies Inc

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Comment by Takeactionnowon Jun 10, 2020 10:30am

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Post# 31133027

RE:RE:IR reply to themoneynarrative

I asked: “On point three of the second email reply (highlighted below), you indicated that the Texas billing code changed in January 2020. It had changed in 2019 too if I am not mistaken?” RHT.V’s investor relations replied: “Yes. The situation in 2019 directly impacted Reliq since the change essentially made home healths (Reliq’s customers for Texas Medicaid RPM) ineligible to bill for services. That was reversed after a few months. We are getting used to business disruption at the start of every calendar year due to changes in regulations.”

lscfa wrote:
Ask IR if this is a typo. It was jan/feb 2019 when Texas resolved coding. If this happened again in 2020 I would like a link as proof.

theinvestor22 wrote:

3) There was a change in the Texas Medicaid physician billing codes in January 2020 for remote patient monitoring care management. This change provides the physician practice with more flexibility and revenue but the codes did not work for several months and physicians were not reimbursed. The problem was expected to be fixed in weeks but wasn’t. This caused doctors to have less incentive to send New Medicaid patients to Home Healths for RPM services. The physicians are not Reliq’s customer in the Medicaid program like they are for Medicare patients.

The actual billing codes for managing the patient, data transmission and devices did not change and that activity is the responsibility of the Home Healths who are Reliq’s direct customer. The problem is fixed now and onboarding is increasing for that segment of the business.