Reliq Health Technologies Inc V.RHT.H

More contracts

[jakethesnake2]

Reliq Health Technologies, Inc. Announces New Contract with Network of 40 Skilled Nursing Facilities across Florida

Oct. 26, 2022 3:01 AM ETReliq Health Technologies Inc. (RQHTF), RHT:CA

HAMILTON, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (RQHTF) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed a new contract with a network of 40 Skilled Nursing Facilities (SNFs) in Florida. The Company expects to begin onboarding with these clients next month and have all 40 SNFs live by the end of March, 2023. This contract is expected to add 4,000 patients per month to Reliq’s iUGO Care platform as of April, 2023 and the Company expects to have over 50,000 new SNF patients onboarded by the end of 2023.

“Skilled Nursing Facilities (SNFs) play a critical role in the healthcare system, helping patients transition from acute care back into the community in a lower-cost setting than the hospital,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “As the population ages and grows the number of Medicare patients with chronic conditions is steadily increasing, placing pressure on SNFs to reduce the length of stay for individual patients in their facilities. As a result, demand from the SNF market for post-discharge care has grown dramatically. SNFs face significant financial penalties if patients are readmitted to their facilities or to hospital post-discharge. Reliq’s iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) solutions can help improve post-discharge health outcomes and reduce readmissions, while also generating new revenue streams for Skilled Nursing Facilities. Reliq will provide TCM to newly discharged patients at a rate of $60 per patient, with recurring revenue from RPM, CCM and BHI of $65/patient per month, at 75% gross margin. We will begin onboarding patients at the first few facilities next month and expect to go live with all 40 SNFs by the end of March, 2023. Once all 40 facilities are live we expect to onboard over 4,000 newly discharged patients every month going forward.”

[SR71BlackBird]

The good news just keeps coming.

[Humanist]

perfect timing to releasethis big contract, it won't get the sp to icnrease much but i am hoping we holdwhere we are since the earning are not expected to met expectations.  glta

[3burtc]

That won't work scammer.

[qwerty22]

"not expected to met expectations"   I mean there's something extremely broken about that phrase which sums up RHT's problem atm. The PR is more good news though.

[canasol47]

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[lscfa]

The timing of announcement is suspect. Just before bad fins to be released. 

[qwerty22]

You've never seen companies dribble out news in advance of a Q report? It happens all the time. The fins aren't going to be bad bad, presumably. They are just going to indicate where on the expansion graph RHT is sitting. If it's still too early to make a call on rapid expansion then everybody go back to sleep.  

[3burtc]

How do you know financials are bad? Know one ever said they were bad. What Lisa said is fiscal q4 was impacted by covid. It's obviously a blow out quarter with between 6 & 10 million in revenue.

[lscfa]

Expect Jun qtr revenues to be < March qtr

[gossamer12]

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[Stocker46]

Iscfa .. if you have shares please sell them. If you don't please just go away .. and take chefboy69 with you.

[qwerty22]

What if you just breakdown the SaaS numbers?  

[canaso14]

This post has been removed in accordance with Community Policy