Reliq Health Technologies Inc V.RHT

The Company intends to use the proceeds to support onboading

[Canadian_101]

After reading the release a question popped into my mind, why the heck do they need 3 million to support onboarding????

In the past they said that onboarding was going to be an easy task, quickly done and revenues will soar. Well, its 3 years later and that simply has not proven to be the case...now they are saying they need to raise cash to onboard patients???

Whats the scoop here????

[TicTacTo]

Better than said no more cash in bank to pay bill ($100K). RHT is full of contradiction, reality after many years almost zero revenue in SaaS when competitors made millions every months.

[lscfa]

No point onboarding patients if you can't meet the minimum time requirements to be reimbursed. I suspect Reliq is using the funding to hire more care center staff.       

[lscfa]

p.s.   in addition to care center staff who spend time with the patients it appears that marketing is required to convince patients to shell out monthly copayments...... Successfully enrolling patients into a CCM program means you need trained Enrollment Specialists, supplied with patient demographic and claims information, that are skilled at establishing the value proposition of a well-run

[Canadian_101]

Thanks very much, it seems that the onboarding is lot more complicated that what Lisa has made it out ot be in the past, hopefully they can fiqure it out sometime soon.