VANCOUVER, British Columbia, Aug. 17, 2017 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc.
(TSXV:RHT) (OTCQB:RQHTF) (“Reliq” or the “Company”), a technology company focused on developing
innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, is pleased to announce the go-live of
remote patient monitoring, care coordination and telemedicine platform with their Rio Grande Valley Health Alliance, LLC (RGVHA) in
McAllen, Texas. The Company has begun enrolling the first of RGVHA’s >30,000 Primary Care patients. The Company
expects to add >500 patients to the platform each month going forward, generating over $20 Million USD in recurring annual
revenue at full deployment.
“We are excited to be working with Rio Grande Valley Health Alliance (RGVHA) to support care coordination across
multiple clinical settings, improving health outcomes and reducing the cost of care delivery for their patients,” said Dr. Lisa
Crossley, CEO of Reliq Health Technologies, Inc. “Reliq’s remote patient monitoring system quickly and easily collects
comprehensive health data from patients in their own homes. Our secure, cloud-based care collaboration platform provides the
clinical care team, patient and family members with real-time access to patient health information including trends over
time. This helps the care team identify patients whose condition is becoming unstable and intervene early, before a serious
complication develops requiring an ER visit or hospital admission. The care coordination portal allows patients and their loved
ones to clearly see how compliance with prescribed medication and lifestyle changes affect the patient’s health, improving patient
engagement and patient- and family-reported satisfaction.”
“Our mission at Rio Grande Valley Health Alliance is to provide better, more efficient care for our patients as
an Accountable Care Organization,” said Dr. Luis Delgado, Jr., President. “We are excited to be working with Reliq Health to
ensure that our patients receive the best possible care, and that we as their physicians are alerted immediately when patients need
additional attention. This is critical to reducing hospital readmissions, ensuring patients successfully transition home after a
hospital stay, and preventing medication confusion for complex patients. Reliq’s telemedicine platform will allow us to
provide patients who are not able to travel to appointments with secure video consults in the comfort of their own homes, improving
access to care for patients in remote and rural communities.”
Rio Grande Valley Health Alliance, LLC (www.rgvha.org) is an Accountable Care Organization (ACO). The
group is comprised of 17 primary care physicians who are working with Medicare to provide better coordinated care to Medicare
Fee-for-Service patients. The aim of the ACO is to deliver high-quality care and lower growth in health care expenditures.
The ACO is made up of 15 independent practices focusing on primary care, and currently has over 30,000 registered patients.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities
laws. All statements that are not historical facts, including without limitation, statements regarding future estimates,
plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are
"forward-looking statements".
We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations,
including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts
of future results, estimates of amounts not yet determinable and assumptions of management.
Reliq Health Technologies Inc. (the "Company") does not intend, and does not assume any
obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks
and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical
experience with technology development, and uninsured risks. Actual results may differ materially from those expressed or implied
by such forward-looking statements.
For further information contact: Renmark Financial Communications Inc. Laura Welsh: lwelsh@renmarkfinancial.com Tel: (416) 644-2020 or (514) 939-3989 www.renmarkfinancial.com or CORE Capital Partners at 604-566-9233 or investors@ccpartnersinc.com
