Reliq Health Technologies Inc V.RHT

Useful Information

[DonnieAzoff12]

Posted 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.

[NobleFr]

I didn't find your situation in the link you pasted but I looked for it online and found it in the following document : https://www.medicaid.gov/resources-for-states/downloads/medicaid-chip-beneficiaries-COVID-19-snapshot-data-through-20200630.pdf Revenue is recognized when the service is rendered but there is definitaley a lag in accounts receivables. This is how I explain it to myself: : 1

[DonnieAzoff12]

That is the slideshow I am referring to, thanks NobleFR. If you could teach me how to space when I post too that would be awesome haha. In that slideshow I was saying the Blum and MedTech contract seems to have a spike in telehealth services used, so I'm being hopeful that Reliq benefitted from that.

[NobleFr]

I'm hopeful they benifitted from that too. I also have an issue with spacing paragraphs when I post from my phone. It works good when I'm using my PC though. The only way I found to get around that with my phone is by using the html tag manually in my posts but it is not very convinient. The tag is the html code for a break line.