TSXV:RHT.H - Post by User
Post by
NobleFron Jun 04, 2020 4:03pm
738 Views
Post# 31113419
IR Reply
IR ReplyI will share the IR reply I received with you guys. I encourage everyone to do so. Always do your own due diligence and never base your investing decisions on some one's post on Stockhouse:
"
Hello xxx,
The range that Dr. Crossley provide was not an average. A typical patient that is using RPM and CCM will require 40 minutes a month based on the billing codes but could go as high as 90 minutes. Reliq generates more revenue the more services and minutes that are provided to a patient.
I can not provide exact business details on the plans for Care Management support due to the confidential nature since it is a competitive advantage for Reliq. Reliq will be announcing more details with respect to that question in the future. What I can tell you is that Reliq has a plans to support 1 million patients with Care Management and software. Reliq will maintain a core in-house staff but will use something similar to a franchise model to minimize capital requirements but allow for rapid expansion. The “franchisees” already have existing infrastructure and are in a similar business.
As disclosed last week, the $40-$65 in average revenue is a combination of software plus care management with the lower end being software only and the higher end being an average of software only plus software and the care management. A typical patient on RPM, CCM and BHI with software and Care Management services will generate over $100 per month. I know estimating the revenue generated per patient is not simple analysis given the range of services that Reliq provides.
I hope I was able to answer your questions. I can’t take credit for all the answers I provide. I receive most of the content from the management team responsible for the call center.
Best Regards,
Scott
Scott Fitzgerald
Investor Relations
Reliq Health Technologies, Inc."