Reliq Health Technologies Inc V.RHT

reply from IR Scott to my questions on new contracts

[mingzhu]

My questions:

"Hi Scott, some questions here

 

1, When will it start onboarding for those hospital patients?

 

2, What is the total patients for this contract?

 

3, what does it mean by "The Company expects to add over 5,000 new patients per month to the platform by the end of 2024"? starting small number of patients now and reaching 5000 patients/month by the end of 2024, and thereafter continuously or starting onboarding 5k /m by the end of 2024?

 

4, what are difference between new post-discharge program for acute care hospitals and previous SNFs contracts? "

reply:

"Thank you for your interest in Reliq.  

 

1. I expect to start before the end of the year and as soon as next month.

 

2.  We have not determined the upper limit for the contract at this time.  The Company expects to have at least 5,000 a month by the end of 2024.

 

3.  The hospitals will likely start with a few hundred of the most critical patients a month in 2024 and ramp up to 5,000 a month by the end of the year.

 

4. Similar programs but hospital stays are shorter than SNF so it is more important to monitor patients post discharge.  Hospitals also send patients to the SNF.  If Reliq starts monitoring a patient post hospital discharge and before they enter the SNF, the patient will be monitored during their entire SNF stay which will improve the health outcome and likely reduce the SNF stay.

 

Best Regards,

 

Scott

Reliq IR"

[SISBOOMBAH]

The average number of total staffed beds for US hospitals is 130 beds, according to HospitalView. Nearly one-third of hospitals have between 26 and 100 beds. Another stat says an average of 150 beds per US hospital. Number of beds USA 919,649 Number of US hospitals 6,129 Average bed per US hospitals 150   If the

[Lifeboat1]

The 223 hospitals in Florida discharge 2.5 million people a year.  That means Reliq only needs 2% of the Florida hospital discharges to get to 5,000 a month.

[SISBOOMBAH]

Maybe so, but Reliq has not signed the entire hospital network in Florida.   On average Florida hospitals have 260 beds and discharges annually 2,508,325 patients.  Based on a turnover rate of 8, the average Florida hospital discharges 975 patients per month.   2,508,325 discharged patients divided by 60,000 annual expected Reliq patients yields a ratio of 2.4%.  2.4% of

[lscfa]

NRs about signed contracts are unreliable because the clients have no obligation to use the platform and no obligation to the speed of onboarding any patients. 

[trade2win2]

Ming hub thank you very much for posting IR response. Very good questions and the answers are informative... cheers 

[trade2win2]

Meant Mingzhu,  damn spell check .