TSXV:RHT.H - Post by User
Comment by
ryang999on Jun 14, 2021 12:42pm
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Post# 33382058
RE:Statement by Reliq
RE:Statement by Reliq true, those are her words. The big problem is how she is going to deliver. she has not been able to deliver in the past. I guess we find out soon enough.
10Xbaggerr wrote: Jan-Mar there was a full pandemic and the unbording of the patient was not the main focus. It basically was set on pause.
The bad revenue for the last quarter is the result of covid pandemic.
Health care costumers use stage rollout. Reliq can not control the unbording of the patient and when they go "live"
But they have an implementation plan on how long the unboarding will take. culd be 18-24 month.
The Health care providers are going to be backed up for several years because of covid, so there is going to be pressure on the community health care providers to keep patients out of hospitals.
Reliq is recognised as the leader in the space by the health care providers. Relic got a platform that addresses all their needs.
Institutional investors, small hedge funds, family office and small founds are all a waiting for the company to be profitable. That is when the company is "de risked"
In the coming month they will get more institutional investors after they "de risk" and that will help whit stabilizing the volatility as they often hold longer.
Most investment has gone to develop the platform and it has real value. Investment has gone into expertise to billing codes to.
As soon the will be able to they will be uploaded to NASDAQ. In WSR Jack ask Lisa if there will be around 6-9 month and she agrees.
The "fire standard" is going to be required by Medicare, Medicaid beginning July 1. So healthcare providers/pairs are going to have to support that interface in order to provide patient with Access to data. Reliq is the first one that got that covered no one else can provide it. After Jul 1 they will get fined if the don't provide it.