Reliq Health Technologies Inc V.RHT

RHT ANNOUNCE 2 NEW ORTHOPEDIC PRACTICE CONTRACTS IN U.S.

[Humanist]

Reliq Health Technologies, Inc. Announces Two New Orthopedic Practice Contracts in the US

by @nasdaq on 13 Apr 2021, 03:01
    
HAMILTON, Ontario, April 13, 2021 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global telemedicine company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed two new contracts with Orthopedic Practicesin Texas, leveraging its iUGO Care platform to enable Orthopedic Specialists to manage their chronic orthopedic and post-operative patients at home.

“It is very gratifying to see our business in Texas accelerating so quickly as a result of the successful vaccine rollout in that State,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc.

“The orthopedic specialty represents a new market segment for Reliq and we are already gaining significant traction in this space. Reliq will receive an average revenue of $50 USD per patient per month under these two new contracts.

The Company remains on track to achieve profitability by the end of the current quarter, and continues to see increasing revenue growth month over month as our clients return to normal operations thanks to widespread vaccination of frontline healthcare workers and at risk patient populations in the US. We are steadily building momentum in terms of both new client acquisition and patient onboarding, and demand for our Care Management Services in particular has exceeded our expectations.”

iUGO Care’s Orthopedic module can be used by Orthopedic Specialists to provide Remote Patient Monitoring (RPM), Chronic Care Management (CCM), Principal Care Management (PCM) and Behavioural Health Integration (BHI) services to chronic orthopedic patients at home. Using iUGO Care helps orthopedic patients improve health outcomes and reduce symptoms through increased medication adherence and compliance with prescribed physiotherapy exercises. iUGO Care also enables orthopedic patients to receive support for the depression and anxiety frequently experienced by individuals living with chronic pain and mobility issues.
Reliq Health