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Bullboard - Stock Discussion Forum Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

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... see more

TSXV:RHT.H - Post Discussion

Reliq Health Technologies Inc > Time to consider why RHT should be able to produce and
View:
Post by HHHAPPY on Oct 12, 2021 8:48am

Time to consider why RHT should be able to produce and

 maintain significant revenue production. Understand that they are registering patients who have disabilities that require long-term [actually, life long] care. The system reports physical information regarding the patients' health with particular emphasis regarding the disabilities that the patient is experiencing.

  The government programs and private insurance programs that pay for this service, once the patient is uploaded are continued for the life of the patient. Why is such a seeming large expense willingly paid by the government or private insurance? Because it saves them money!! The system allows medical coverage of the patient to monitor any physical changes that can be noted This results in their doctors/nurses making sure they are being stabilized by prescribed medication And most important any severe deterioration occurrence can alert the need for care. This service will greatly decrease readmissions to hospitals of patients following surgeries. It hopefully minimizes the deterioration of the patient reducing harm and expensive measures.

  Thus once the patient is enrolled they have paid for their monitor which provides a payment to RHT towards the cost of enrollment. The plan payment is now AUTOMATICALLY received every month. The computer does the work. Provision of the information is available to all medical staff via computer. Recurrent revenue is monthly recorded!

200,000 patients X $40.00= $8 million a month is stated by Dr.L. Crossley as assured present applicants.

I know of one medical health group in the USA with 1.4 million members who a Board member of the group feels, at a minimum, 30% having debilitating conditions, would benefit from the RHT program. With the caveat, whether RHT has the capability of handling such a large increase. 

  With this potential, I can see an Apple or Amazon interest!  I can dream

Comment by ryang999 on Oct 12, 2021 9:41am
That is all good information. The key is they need to be able to onboard these 200k patients and keep them. They have been talking about thus 200k patients for at least 2 quarters now. They expect to have 40k paying patients by end of 2021. A long way to go.
Comment by AhSocks77 on Oct 12, 2021 10:35am
This post has been removed in accordance with Community Policy
Comment by 3burtc on Oct 12, 2021 11:11am
They are also in negotiations for super large contracts. 30 000 patients in the first month of onboarding. WITH THOSE NUMBERS WE EXIT 2022 @$20/SHARE.
Comment by AhSocks77 on Oct 12, 2021 11:16am
This post has been removed in accordance with Community Policy
Comment by lscfa on Oct 12, 2021 10:37am
WRONG.  Patient approval to receive telehealth services is only good for 60 days so doctors must repeatedly seek approvals and the patient can discontinue use at any time. Reliq says it has built a feature into the software to automate this but we don't know how it is really going.   3.5.1 Prior Authorization of Telemonitoring Services   Procedure code 99090 with or ...more  
Comment by Humanist on Oct 12, 2021 12:31pm
amazing info iscfa, no one does research/DD like you do..thx for sharing and reminding us oft these impt details  glta
Comment by Lifeboat1 on Oct 12, 2021 2:32pm
Ifsca - You should really do DD before posting. 99090: Analysis of clinical data stored in computers  It is not even a code that applies to Reliq's business Reliq uses Medicare code for RPM is 99454 and there is no requirement for reauthorization nor is there one for CCM or BHI.  The only reauthorization I have come across is for the Texas Medicaid RPM which is 60 days but ...more  
Comment by Lifeboat1 on Oct 12, 2021 3:22pm
IFSCA - Either very sloppy DD on your part or intentionally misleading.   I did a little more digging and code 9110 is used for Texas Medicaid Rpm (called Telemonitoring by Texas Medicaid) and as I posted earlier it has a re-authorization every 60 days but has been extended to 180 since the start of the pandemic.  All a reauthorization means is the doctor has to sign  a piece of ...more  
Comment by 3burtc on Oct 12, 2021 3:37pm
The watchdog has been here for 3 plus years just to warn investors lol. What a good guy, just looking out for everyone. He loves you!:)
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