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 > A couple of key points from the WSR interview

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Comment by aaaaaarghon Jun 03, 2021 2:14pm

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RE:RE:RE:A couple of key points from the WSR interview

Actually that has been changed twice now. First change was "we extended payment terms due to covid".

lscfa wrote:
p.s. This raises another concern. After Texas fiasco where Reliq agreed to only get paid when its clients get paid Lisa said co. changed policy to get paid regardless of client getting reimbursed. So now she contradicts herself and suggests Reliq revenue is once again tied to client reimbursement.

lscfa wrote: Medicare requires prior authorization for many services. With recurring services like RPM prior authorization is only good for 60 days then a new prior authorization is required. When Reliq blew it in Texas in 2018 it built auto-renewal into the software at the time. This is nothing new.

theinvestor22 wrote: Lisa said a lot of glowing things yesterday, but a couple of things stuck out. I went back to re-listen to them.

Firstly, she said they have the capacity to onboard hundreds of thousands of patients each month. That could only be possible if the claims process (unlike before) was fully guaranteed so they don't get bogged down in claims, disputes and a lot of re-doing.

Secondly, she later confirmed that the company's software has automatic payment pre-authorization, so they know when they onboard a patient they're not taking the healthcare provider's word for the patient's eligibility; they'll actually have that in hand from the payor so they know they'll get paid.

The combination of these two points is a big deal which should pave the way for a lot of real onboarding. And success. Hopefully.