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 > New Press Release - Reliq Health Technologies, Inc. Announces Expansion of Mental Health Services

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Comment by Qwerty54321on Mar 01, 2024 5:09pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Reliq Health Technologies, Inc. Announces Expansion of Mental Health Services

I agree $48 per visit (if true) would be clearer but they couch other stuff in monthly terms and I guess potentially an individuals monthly revenue could come from several sources. I think the revenue aspect is confusing because it's not clear to them. Really all they have announced here is the mental health module has gone live. The numbers and other details are for ball park context IMO.

I think the moneynarrative guy got this spot on with half a sentence
"They have not sold this particular service yet..."

If you start from that perspective then why expect much clarity on revenue? The mental health product went live is how the NR could have been boiled down. How confusing (or interesting) is that?

I think you're expectations here are off.

lscfa wrote: So why not say $48 per visit and not $48 per month? And you think it's not a confusing NR. Get real. These bozos never fail to disappoint.
Qwerty54321 wrote:
It doesn't say that. It says 2 intervention per year (max). How can they claim 12 months? That's your reading. Which I think is wrong.

lscfa wrote: They are suggesting this new feature will generate $5.76M in revenue per year. ($48 x 12 x 10,000). However, it's not the same damn 10,000 patients using the service 12 months a year, year after year. It's 10,000 different patients using the service 1 or 2 times a year out of the hundreds of thousands of patients on the platform. It is misleading to indicate the value of this new feature in terms of $ per month when it is not a recurring monthly service.