Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s): RQHTF

Healthcare Medical Devices

Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent hospital readmissions and ER visits. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, wound care, and others.

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Reliq Health Technologies Inc > Review of Q1

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Comment by lscfaon Dec 01, 2021 11:06am

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Post# 34184986

RE:RE:Review of Q1

I'll believe it when I see it...

NOV 30 - Receivables older than one year are expected to be paid in full by our clients by the end of March 2022 and the Company expects to collect all other receivables in a timely manner going forward now that most of our clients have resumed normal operations.

Gulliver1909 wrote: I must correct myself. Following the 4th quarter numbers Reliq stated:

So collection is still working....

“We would like to remind shareholders that we cannot issue invoices or recognize revenue until a given patient has been on the platform for a full month, per the reimbursement requirements for Medicare and Medicaid,” continued Dr. Crossley. “As a result, the ‘revenue run rate’ at the end of a given month, which is calculated based on the number of active subscriptions to Reliq’s software and services at that time, isn’t reflected in the financials until the following month. Revenue is typically collected within 60 days of the invoice date, however during the pandemic we extended generous payment terms to our clients and were fortunate to receive equally generous payment terms from our suppliers. All outstanding receivables shown in the FY 2021 Financial Statements will be collected by the end of Q1 Calendar Year 2022 in accordance with the payment plan agreements we have with our clients.