Post by
HHHAPPY on Sep 14, 2021 4:46am
Management announces more contracts for its services
and gives a detailed prediction of future revenue flows.
It is of significance that the vast number of participating patients are covered by senior federal government programs rather than individual patients.
"
(“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 through its partnership with Maxlink Health it has signed new contracts to provide its iUGO Care platform to three physician practices in Dallas, TX.
“We are excited to continue our expansion in the Dallas, TX area,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Working with Maxlink Health has given us access to new clients in North Texas and we expect to see continued growth in this region. Through these contracts Reliq will be providing our iUGO Care software platform to over 1,800 Medicare patients. Onboarding with these clients will start this month. Reliq expects to receive an average of $40 USD per patient per month for these deployments.”
“As previously disclosed, the Company expects to achieve a revenue run rate of approximately $2 Million per month by the end of December 2021,” continued Dr. Crossley. “Reliq is growing organically and very rapidly in response to strong market demand for our solutions. Since Medicare introduced its first billing code for Remote Patient Monitoring (RPM) in 2018, the average reimbursement that our clients can receive from the Centers for Medicare and Medicaid Services (CMS) has increased by over 500%, from $59 USD per patient per month to over $372 USD per patient per month. The number of eligible virtual care services clinicians can provide to patients through our iUGO Care platform has also increased dramatically from 1 to 18 with additional billing codes to be added in 2022, creating significant market pull for our products and services. Using iUGO Care allows clinicians to provide high quality virtual care to their at-risk patients, improving health outcomes, reducing hospitalizations, and decreasing healthcare costs. With our strong organic growth and forecasted gross margins of over 75% and EBITDA margins of over 45% by the end of calendar year 2021, we do not expect to need to raise additional funds going forward to achieve our revenue targets.”
About Maxlink Health
Maxlink Health is a Tele Healthcare and Population Management Company providing Business Process Outsourcing (BPO) services for effective Care Management and Telehealth Solutions. Maxlink Health also offers preventive services through meaningful and engaged communication methods with targeted population to promote preventive screenings, vaccinations, diagnostic tests and participation in wellness programs with a team of dedicated Registered Nurses (RNs) and Certified wellness experts.
Reliq Health
Reliq Health Technologies is a rapidly growing global telemedicine that specializes in developing innovative Virtual Care solutions for the multibillion-dollar Healthcare market. Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive high quality 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 costly hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture under the symbol RHT, on the OTC as RQHTF and on the WKN as A2AJTB.
Comment by
theinvestor22 on Sep 14, 2021 7:28am
Three new contracts. That's just Ducky!!!
Comment by
ryang999 on Sep 14, 2021 8:52am
so apparently somebody already knew yesterday so they created themselves some buying opportunity for some cheap shares. at 1.02, it is a good entry point first thing this morning when the market reopens. time to buy some more shares.
Comment by
aaaaaargh on Sep 14, 2021 9:30am
Curious. How did somebody create this buying opportunity for themselves exactly?
Comment by
ryang999 on Sep 14, 2021 9:46am
you actually did not need much to short this stock and drive it down from 1.12 to 0.95. then you can in the .95-1:00 range.
Comment by
aaaaaargh on Sep 14, 2021 9:48am
Got it. They shorted the stock to bring it lower so that they have to buy back all of those shares higher after a news announcement. Am I getting the premise right?
Comment by
ryang999 on Sep 14, 2021 9:51am
i thought they would have bought the shares back yesterday between 95 cents and 1 dollar.
Comment by
aaaaaargh on Sep 14, 2021 10:02am
But weren't they shorting the stock at those levels to get it down to 95 cents? It if was so easy to do what you suggest, people would be doing it daily to every stock...... Why not short it today down to 40 cents and just buy them back there between 40-45 cents......