Reliq Health Technologies Inc V.RHT.H

reply from IR on AGM and code changes

[mingzhu]

My questions:

"Hi Scott, AGM is delayed to Dec 3rd. Normally annual finances is out 2 or 3 months before AGM. Does it mean RHT is expecting the audited finances will be postponed at least  to September? 

 

Regarding the change of codes, here is the quotes:"

"The following are key actions around RPM and RTM that AMA is considering: 

1. Add a remote patient monitoring device supply CPT code that would cover 2-15 calendar days of collected and transmitted data. AMA would revise existing CPT 99454 to cover 16-30 days.
2. Revise CPT 99457 to include 11-20 minutes. "

What does it mean for RHT? Great news for compliance rate increase?"

His reply:

"The postponement of the AGM until December is not an indication of further expected delay in releasing the financials.  The Board felt that having the AGM moved to December will provide better insight into the Company operations for shareholders with the audited FY2025 being released and more time to select additional directors to be added. 

 

The potential changes in RPM and RTM if approved will significantly increase the amount of revenue generated on existing and new patients and should drive compliance rates higher than 90%.  Patients who were compliant at 16 readings and 20 minutes will likely benefit from an extra 10 minutes of time instead of needing an additional 20 minutes. That is expected to increase per patient revenue by 15-20%.  For patients that were not compliant previously, >90% will be compliant with 2 readings and 10 minutes.  Those patients will likely be only 30-50% of the revenue of a patient with 16 readings and 20 minutes.  Overall revenue should be >$50 per patient per month on 90% of patients if the proposed changes are enacted.  BHI expansion should add significant additional revenue as well.

 

Best Regards,

 

Scott

 

Scott Fitzgerald

Investor Relations"