| Marketnewsupdates.com News Commentary The Home Health Index (HHI), which tracks the market values of publicly traded companies in home health industry, increased 4.86% in February. Compared to other indexes, the HHI actually fared better than the S&P 500 last month. When February came to a close, the S&P 500 declined by 3.77% will the HHI almost increased 5%. A primary factor for the positive trend is the signing of The Bipartisan Budget Act of 2018 (BBA) on February 9. The BBA included several health care measures, including plans to construct a new home health payment system by 2020. Another bright spot in the industry includes the Telemedicine segment which is opening up new doors for those seeking care, bringing care conveniently into the home. Telehealth appears to be a growing component in provider's care strategy by looking for the means to implement home health services into their operations at some level. Active companies in the healthcare industry include: Reliq Health Technologies Inc. (OTC: RQH TF) (TSX-V: RHT), CVS Health Corporation (NYSE: CVS), Amedisys, Inc. (NASDAQ: AMED), LHC Group, Inc. (NASDAQ: LHCG), Health Insurance Innovations, Inc. (NASDAQ: HIIQ). Reliq Health Technologies Inc. (OTCQB: RQHTF) (TSX-V: RHT.V) BREAKING NEWS: Reliq Health Technologies, a technology company that develops innovative mobile health (mHealth) and telemedicine solutions for the Community-Based Healthcare market, is pleased to announce the expansion of its contract with Paz Home Health LLC in Texas to provide its iUGO Care remote patient monitoring and telemedicine solution. The revised contract increases the number of Paz Home Health subscribers by 5,000 patients, bringing the total to over 15,000 patients total.This will generate over $9 Million USD in annual recurring revenue at full deployment, by Q4 2018. "We are excited to announce that as a result of their implementation of the iUGO Care remote patient monitoring platform, our client Paz Home Health has been accepted as a Superior HealthPlan Approved Provider for in-home telemonitoring. Superior HealthPlan is a managed care organization that works with the State of Texas Health and Human Services Commission to deliver care through approved providers to Medicare and Medicaid patients. As a result of becoming an Approved Provider, Paz has increased their registered Medicare/Medicaid homecare clients to over 15,000 patients across Southern Texas," said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. "Paz Home Health has successfully demonstrated the benefits of using Reliq's iUGO Care remote patient monitoring system to improve health outcomes and reduce hospital admissions and ER visits in their patients. Reliq's technology allows Paz Home Health's patients to receive high quality care from the comfort of their own ho mes, reducing the cost of care delivery and increasing patient and family satisfaction." "Our mission at Paz Home Health is to provide peace of mind for patients and their loved ones," said Dayana Bermea, CEO. "We are excited to have achieved Superior HealthPlan Approved Provider status and look forward to continuing to grow our patient base in Southern Texas and throughout the State. At Paz Home Health we are always striving to provide our clients with best in class home healthcare." Paz Home Health LLC is a Superior HealthPlan-approved home care provider headquartered in Pharr, Texas that provides care to patients across 16 counties in southern Texas. Paz Home Health delivers in-home care from Registered and Licensed Vocational Nurses, Physical and Occupational Therapists, Medical Social Workers and Dieticians. The company also offers telemonitoring services to connect patients with their care team from the comfort of their own homes. Paz Home Health's caring and qualified healthcare providers are committed to supporting patients and families who are coping with chronic conditions like Congestive Heart Failure (CHF), Chronic Obstructive Pulmonary Disease (COPD) and Diabetes, recovering at home from surgery or injuries, and seniors who are aging in place.. Read more about the Company announcement today along with other recent news releases for Reliq Health Technologies at: https://marketnewsupdates.com/news/rqhtf.html |