HAMILTON, Ont., Oct. 26, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. RHTRQHTF (“reliq” or the “company“), a fast-growing global healthcare technology company developing innovative virtual care solutions for the multi-billion dollar healthcare market, announced today that it has signed a new agreement with a network of 40 Qualified Nursing Facilities (SNFs) in Florida. The company expects to… 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 beginning in April 2023, and the company anticipates that 50,000 new SNF patients will be enrolled by the end of 2023.
“Skilled Nursing Facilities (SNFs) play a critical role in the healthcare system by helping patients transition from acute care back to the community in a more cost-effective environment than the hospital,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc “As the population ages and grows, the number of Medicare patients with chronic conditions is steadily increasing, putting pressure on SNFs to reduce the length of time individual patients stay in their facilities, and the care they have has dramatically Increased SNFs face significant financial penalties if patients are admitted back to their facilities or hospital after discharge Reliq’s iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM), and Behavioral Health integration solutions (BHI) can help improve post-discharge health outcomes and reduce readmissions, while generating new revenue streams for skilled nursing facilities I will offer 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 patient onboarding in the first facilities next month and expect all 40 SNFs to be in place by…
