Reliq Health Technologies Inc V.RHT.H

RE:RE:RE:RE:people have to realize that 250k on contracts are annual

[qwerty22]

Seems to me she never really differentiates between what is speculative compared to what is based on evidence from the running of the business. I think we saw that resolve itself pretty spectacularly around adherence where they expected it to be high and it turned out to be low and needed a fix. 

I can't see that this churn of patients she's describing as anything but a speculative guess they simply haven't had enough patients enrolled for long enough to know. Maybe they are guessing based on some industry numbers but how those numbers work out real world for this service only time will tell. We saw with adherence that execution makes a huge difference (they execute better than the client organizations), who's to say the same won't be true for the churn.

I've got a question for anybody. WRT adherence. Patients onboarded by RHT supposedly had 70% adherence, by clients it was 20%. If that was the cause of the big revenue miss does that mean this problem ran for all of 2022 before they either noticed the problem or managed the fix? What does that say about their problem solving capabilities?

lscfa wrote: 3rd try...

Shareholder FAQ. So we just have a few here today. One of the FAQs that our IR team has shared with me that I hadn't realized what a frequently asked question is, how long are patients typically are on the iUGO CARE platform.

So this is a platform that once you're on it, for your chronic diseases, they're very unlikely to spontaneously resolve. So what that means is that these patients are typically on the platform for the rest of their lives. So once you're on, you're on.

For some patients, the rest of their lives, given that these are elderly patients and they do have multiple very complex clinical conditions. For some of them, they may have a relatively short life span one year to two years after they're onboarded. But for many patients, it's expected to be a 10 year to 15 year period that they'll be on the platform.

For each of our clients, if each of our clinicians are skilled nursing facilities or home health agencies, position practices, typically 5% of their patients will pass away in a given year. But at the same time, they'll have an increase of 13% in the number of patients who are eligible to receive our services and eligible for the clinicians to build for them. And that's really because the population is aging and growing. So every year, you have more patients aging into the demographic where they are eligible to receive our services.

So as a result, the net effect is that for every client we have on the platform we see an average of 8% increase, an 8% increase in the number of patients that are on the platform from that client every year. So even though we do see some loss of patients. And as they pass away, the net impact is an overall increase in the number of patients per client.

lscfa wrote:

Webinar quote did not post on 1st try. Bloody SH changes don't seem to allow copy and paste from html pages.
 

Shareholder FAQ. So we just have a few here today. One of the FAQs that our IR team has shared with me that I hadn't realized what a frequently asked question is, how long are patients typically are on the iUGO CARE platform.

So this is a platform that once you're on it, for your chronic diseases, they're very unlikely to spontaneously resolve. So what that means is that these patients are typically on the platform for the rest of their lives. So once you're on, you're on.

For some patients, the rest of their lives, given that these are elderly patients and they do have multiple very complex clinical conditions. For some of them, they may have a relatively short life span one year to two years after they're onboarded. But for many patients, it's expected to be a 10 year to 15 year period that they'll be on the platform.

 

lscfa wrote:

Not realistic. Neither are the numbers presented in the webinar. The patient population may be growing  due to the 65+ demographic but SNFs are not growing their capacity to service more patients. They continue to average 100 beds per facility and throughput 1200 patients per year.  Also, I seriously doubt that someone at a SNF for recover of a knee replacement is a patient for life.

 

Shareholder FAQ. So we just have a few here today. One of the FAQs that our IR team has shared with me that I hadn't realized what a frequently asked question is, how long are patients typically are on the iUGO CARE platform.

So this is a platform that once you're on it, for your chronic diseases, they're very unlikely to spontaneously resolve. So what that means is that these patients are typically on the platform for the rest of their lives. So once you're on, you're on.

For some patients, the rest of their lives, given that these are elderly patients and they do have multiple very complex clinical conditions. For some of them, they may have a relatively short life span one year to two years after they're onboarded. But for many patients, it's expected to be a 10 year to 15 year period that they'll be on the platform.

For each of our clients, if each of our clinicians are skilled nursing facilities or home health agencies, position practices, typically 5% of their patients will pass away in a given year. But at the same time, they'll have an increase of 13% in the number of patients who are eligible to receive our services and eligible for the clinicians to build for them. And that's really because the population is aging and growing. So every year, you have more patients aging into the demographic where they are eligible to receive our services.

So as a result, the net effect is that for every client we have on the platform we see an average of 8% increase, an 8% increase in the number of patients that are on the platform from that client every year. So even though we do see some loss of patients. And as they pass away, the net impact is an overall increase in the number of patients per client.