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Reliq Health Technologies Inc V.RHT

Alternate Symbol(s):  RQHTF

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.


TSXV:RHT - Post by User

Post by DonnieAzoff12on Oct 16, 2020 8:45am
119 Views
Post# 31727183

Useful Information

Useful InformationPosted link on CEO today regarding lag times for telehealth services used this year. Anyone invested I think its worth the time to browse though the slideshow in the link below. https://www.fiercehealthcare.com/payer/cms-expands-list-telehealth-services-can-get-medicare-reimbursement?utm_medium=nl&utm_source=internal&mrkid=85513462&mkt_tok=eyJpIjoiWVdNd09EY3hNR1l3WVROaSIsInQiOiI1WnBwS3VjSnIwWDZUcCtKOHF1SFQxUzdvTDl1cDRKMlV0ejB6QW4xOWFnM3haSVwvZE5jdXI4VHV3cnFxY0daa0ttOGlCSTlvQTJyXC80NDFEM1wvZUtOV1Y4bEl1elVWNHR2V1pScklKQ0ZIa2tnMkdHTExFK3ozQ2NCMXlZa3dpTkpQS0ZBOVVMTHlkUFNrVWlSbU5lOGc9PSJ9 Some noteworthy stats I seen: -34,538,375 services delivered through telehealth from March through June 2020 - 2,632% more services delivered compared to March through June 2019 -Claims Lag: Use caution when interpreting the data. We collect Medicaid and CHIP data for programmatic purposes, but not for public health surveillance. There will always be a delay, or claims lag, between when a service occurs and when the claim or encounter for that service is reflected in our database. The length of the lag depends on the submitting state, claim type, and the delivery system. It is possible that there is a longer claims lag due to the pandemic. For Medicaid and CHIP data, no claims are submitted to CMS in the same month the service was delivered. Keep into consideration that I'm one of the angry impatient investors that is wondering where all the revenue is ... but what I noticed that is potentially exciting (assuming a lot of the bigger contracts in Louisiana, Alabama, Illinois, Mississippi and Tennessee were on-boarded to some degree in the past 6 months) is the highlighted areas of most used telehealth services used by states in the past 6-8 months. All of these states that reliq have contracts in seem to be picking up using telehealth services. Also, not that exciting lol but it seems like Puerto Rico has the biggest lag and Reliq won't see revenue from them for quite some time unfortunately, but if they gain traction in other contracts this will be a really nice substantial increase in revenue down the road.
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