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Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

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.


TSXV:RHT.H - Post by User

Post by lscfaon Dec 06, 2022 8:13pm
213 Views
Post# 35154928

What’s really going on here?

What’s really going on here?

My guess:

SNFs gets penalized by Medicare if a patient is readmitted to the hospital within 30 days but most patients stay at a SNF less than 30 days. Why? Because Medicare covers the costs fully for only 20 days. After that the patient has to co-pay about $170/day so they don’t stick around. So at their own cost (no Medicare reimbursement) SNFs are onboarding/monitoring patients who leave early to keep the patient out of the hospital until at least day 30 to avoid penalties. After day 30 the SNF transfers the monitoring equipment to a new patient who has left early. 

 

How much is covered by Original Medicare?

For days 1–20, Medicare pays the full cost for covered services. You pay nothing.

For days 21–100, Medicare pays all but a daily coinsurance for covered services. You pay a daily coinsurance.

For days beyond 100, Medicare pays nothing. You pay the full cost for covered services.

 

The coinsurance is up to $170.50 per day in 2019. It

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