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 > I ask Reliq IR some Qs on compliance

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Comment by theinvestor22on Sep 12, 2022 9:44pm

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Post# 34958379

RE:RE:RE:I ask Reliq IR some Qs on compliance

Just to be perhaps a little clearer, Reliq only reports revenue (and bills clients) FOR SERVICES IT HAS ALREADY PROVIDED TO THOSE PATIENTS WHICH IT HAS DETERMINED ARE ELIGIBLE FOR REIMBURSEMENT. So, under normal circumstances, Reliq doesn't have to estimate what level of revenue to report because they're only reporting actual revenue.

Furthermore, under normal circumstances, the only way they can have collection issues is if a) somehow claims are judged to be ineligible by CMS (which could happen once in a while but not in numbers of any size because Reliq's goal is to never make an ineligible claim) or b) clients which have been reimbursed by CMS decide not to pay Reliq's invoices (which is extremely unlikely because clients rely on Reliq's software to service their patients and make them money.) That's why I think collections will be a non-issue going forward once the covid deferrals are out of the way.

theinvestor22 wrote: Thanks for posting that. His reply was entirely consistent with my earlier posting, although he didn't really answer one of your questions (highlighted below). As I mentioned in my posting, my understanding is that they don't recognize any revenue for non-compliant patients at any point in time. That's very easy to do because, at the end of each month, they know who has been non-compliant and they simply don't bill for those individuals. To do otherwise would be a) against IFRS requirements and b) silly.

qwerty22 wrote:
Here is the email I sent.

I watched you’re latest webinar. You talked about patients needing to become compliant in order to generate revenue. Are you working with an expected compliance rate? Have you ever gone public with this number? I’m curious if when you recognize revenue from on-boarded patients are you assuming 100% will become compliant? My general understanding that when patients engage with healthcare systems that compliance/adherence rates are lower than 100%, often in the 60-80% range but sometimes lower. Do you have insights on the compliance rate for your technology?