- Reliq Health Technologies (TSXV:RHT), a virtual care specialist, has signed its first contract in San Luis Potosí, Mexico
- The new client is a healthcare organization that will add more than 10,000 new patients to Reliq’s iUGO Care platform by June 2024
- Reliq expects to collect average revenue of $50 per patient per month at a 75 per cent gross margin
- Reliq Health Technologies is a healthcare technology company specializing in virtual care solutions
- Reliq Health Technologies stock (TSXV:RHT) last traded at $0.47 per share
Reliq Health Technologies (TSXV:RHT), a virtual care specialist, has signed its first contract in Mexico.
The new client is a healthcare organization that will add more than 10,000 new patients to Reliq’s iUGO Care platform by June 2024. Reliq estimates that it will collect average revenue of $50 per patient per month at a 75 per cent gross margin.
The contract is a strategic one given Reliq’s focus on chronic care, as the World Health Organization identifies diabetes as one of the leading causes of death in Mexico, which also suffers from high rates of hypertension, chronic kidney disease and congestive heart failure. Many employers in Mexico offer healthcare coverage focused on preventative care to reduce chronic disease’s effects on productivity.
“Thanks to our success in the southern U.S. states and our multilingual platform and care management team, we have been able to attract our first client in San Luis Potosí, Mexico,” Dr. Lisa Crossley, Reliq’s CEO, said in a statement. “A number of major multinational corporations have operations in San Luis Potosí, including BMW, General Motors and Cummins, and the city has a population of 2.8 million.
“The two largest providers of public health in Mexico, the Ministry of Health and the Mexican Social Security Institute, have also launched key initiatives aimed at improving the management of chronic disease, creating a significant opportunity for Reliq.”
Reliq Health Technologies is a healthcare technology company specializing in virtual care solutions. We recently profiled the company as part of our series, Anatomy of a Flagship Asset.
Reliq Health Technologies (TSXV:RHT) last traded at $0.47 per share.
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