Reliq Health Technologies Inc V.RHT.H

RHT ANNOUNCES A PAYING CONTRACT IN NIGERIA +L CLINIC

[Humanist]

Reliq Health Technologies, Inc. Announces New Contract in Nigeria to Provide iUGO Care and iUGO Voice to Chronic Disease Patients
 
by @nasdaq on 15 Jun 2021, 03:01
   
HAMILTON, Ontario, June 15, 2021 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global telemedicine company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed a paying contract with a large regional clinic in Nigeria to provide its iUGO Care Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) modules and its iUGO Voice automated interactive voice recognition platform to their chronic disease patients.

“Nigeria has a population of over 210 Million people,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies. “Over 4 Million Nigerians have diabetes and over 8 Million have hypertension. Healthcare resources in Nigeria are strained, and access to healthcare personnel, clinics and hospitals is extremely limited in rural Nigeria in particular. The rate of preventable complications resulting from chronic diseases like diabetes and hypertension is very high in this population, leading to poor health outcomes and reduced life expectancy. Working with Just Heart Help, a philanthropic organization founded by Baltimore, MD-based cardiologist Dr. Camellus Ezeugwu and Sirlyne Ezeugwu, Reliq will be able to deploy our iUGO Care and iUGO Voice solutions in Nigeria to help cost-effectively improve health outcomes and access to care for chronic disease patients. Our software’s multilingual capabilities and our track record of successful deployment in areas with very limited infrastructure and connectivity – such as Northern Ontario and rural Texas – Reliq is uniquely positioned to meet the needs of the rural and urban Nigerian population. We expect to start onboarding in July.”
Just Heart Help
Just Heart Help, Inc. was founded in 2004 by Dr. Camellus Ezeugwu and Sirlyne Ezeugwu.  Just Heart Help is involved in projects in the US, Nigeria, Zambia and Haiti.
Dr. Ezeugwu is an Interventional Cardiologist and Assistant Professor of Medicine at The Johns Hopkins University School of Medicine, the Medical Director at Just Heart Cardiovascular Group in Baltimore, MD and a member of Reliq’s Medical Advisory Board.
 

[theinvestor22]

I would imagine the dollars involved would be lower than those of the premier US health market, but still, international expansion is good.  And, the greater the variety of payors, the better.  Good work, Reliq!

[happy12345]

Yes and No. If you take the top 5 or 10 percent they are the richthey would like to stay at home safely. that would be 10 to 20 million people. The diseases we target are the rich people with poor rich western diets. so I think there is good paying clientel there. but don't look at the 210 million population 90% is to poor to pay for it.

[prophetoffacts]

This post has been removed in accordance with Community Policy

[ryang999]

yeah, rich people probably don't have these health issues. even if they have, they can afford personalized care. Tell me if i am wrong, I always thought the products and services like iUGO are more for poorer people than the rich, wealthy echelon of the population. it is still a meaningful contract if RHT can actually onboard the patients and these patients will actually pay a monthly fee, no

[Lifeboat1]

@ryang999 You are incorrect.  Rich people do suffer from hypertension and diabetes.  The percentage may be lower than than in the less affluent demographic but it is still present.  Reliq does not only serve poor people.  The majority of the Company's target population in the US are Medicare patients which are not the poor.  The poor in the US are on Medicaid

[Lifeboat1]

Some statistics on Nigeria that I just looked up 34% of the population is middle class 19% of the population are considered upper class There are lots of people in a country of 200 million who can pay for services.

[Calgary1111]

I think its a safe bet that exactly ZERO of us expected business from Nigeria when investing in this company, so anything from there or Africa in General feels like a bonus to me. I expected contracts from the US, Canada, Europe, Australia and other richer countries but not Nigeria. They didn't mention how big the contract was or the rate they will be paying. I assume its not much but hey who

[Tdcpigc]

Paying ? No mention of Reliq will bill $xx/month, not able to collect money in USA, in Nigeria at the best a charity organization fund by printing shares and diluting retails.

[lscfa]

No details on how Nigerian healthcare works. What is the economic incentive for the Nigerian clinic to pay for monthly telehealth? Does it get reimbursed by insurers or is it an expenditure that creates cost savings in some other way?