Streetwise What's everybody's thoughts about the website Streetwise. I've always seen an odd impressive article on Reliq from their website the last couple of years through a posted link either here or on CEO but didn't think they did continuous coverage on Reliq. I also thought it was paid advertising so I always read it with a grain of salt, but I was surprised to see how many pieces showed up when I searched Reliq on their site a little while ago. For the most part it's identical to Reliq NR's or yahoo posts but there is some additional information in there in some posts. They really do make it seem like Reliq is about to pop wah haha
Ive also been thinking about Reliqs revenue the last couple of Q's trying to get a better sense of it, just thinking out loud and would love to hear people's thoughts on this - I've grasbed the fact that just because a patient might be on the platform it doesn't necessarily mean they are paying for a Reliq service that particular month, especially because it seems that a lot of the contracts that Reliq has signed Scott from IR has told me that pretty much every one in the space today has their own telehealth consultation platform for video appointments that they use (like Blum), but it's Reliqs RPM,CCM,BHI etc all in one service platform is what's making these deals come together. So let's say $450,000 each of the last 2 Q's (close to that I think) at $35 a patient for 12857 patients / 3 for how many months which equals around 4300 paying patients each of the last 2 Q's. Disappointing obviously. I just feel like the revenue isn't as simple as saying once a patient is signed up they pay every month, even though reliqs services are covered by Medicare and Medicade and a service like CCM should be reoccurring from a health need perspective. I just feel like the process Of getting an older demographic signed up and used to utilizing this platform every month is taking way longer than expected, especially with Covid. Does that make sense? Haha I'm just hoping that it's all finally starting to happen now and on boarding is getting easier, hence why Lisa bought more shares.