InvestmentPitch Media Video Discusses Reliq Health’s Launch of New Post-Discharge Program for Acute Care Hospitals and Signing New Hospital Clients in California, Florida and Puerto Rico
18 Agosto 2023 - 5:00AM
Reliq Health Technologies Inc. (TSXV:RHT) (OTCPink:RQHTF)
(FSE:MHN2), a rapidly growing global healthcare technology company
developing innovative Virtual Care solutions for the
multibillion-dollar Healthcare market, has launched a new
post-discharge program for acute care hospitals and signed new
hospital clients in California, Florida and Puerto Rico. The
company expects to add more than 5,000 new patients per month to
the platform by the end of 2024, with these contracts generating
revenue of approximately $65 per patient per month at 75% gross
margin.
A Media Snippet accompanying this announcement is available by
clicking on the image or link below:
For more information, please view the
InvestmentPitch Media video which provides additional news about
the company. The video is available for viewing on
“InvestmentPitch” or on
“YouTube”. If the link is not available, please
visit www.InvestmentPitch.com and enter “Reliq” in
the search box.
Dr. Lisa Crossley, CEO, stated: “We are very
excited to announce our new post-discharge program aimed at acute
care hospitals. This new iUGO Care program supports patients who
are being discharged from an acute care hospital to a wide range of
care settings, from their own homes to inpatient rehabilitation,
assisted living or skilled nursing facilities. Under the Centers
for Medicare & Medicaid Services (CMS) Hospital Readmissions
Reduction Program (HRRP), hospitals that fail to meet readmission
targets can be assessed penalties equal to up to 3% of their total
Medicare reimbursement for the following year, translating to
millions of dollars in lost revenue. In 2021, over 96% of all
Florida hospitals were assessed financial penalties due to
readmission rates.”
According to KFF Health News, formerly Kaiser
Health News, preventable rehospitalization of the nation’s older
adults has proved a persistent health and financial challenge for
the U.S., costing Medicare hundreds of millions of dollars each
year, with more than 9 out of 10 general acute-care hospitals
having been penalized at least once in the past decade.
In excess of 2,300 hospitals across the US will
pay a total of more than $320 Million in Hospital Readmissions
Reductions Program penalties in 2023 based on penalties assessed by
CMS in 2022.
Dr. Lisa Crossley added: “Our clients’ data shows
that healthcare organizations using Reliq’s iUGO Care platform have
been able to drastically reduce their readmissions rates by over
90%, avoiding financial penalties and improving patient health
outcomes and quality of life. This program is a win-win for
hospitals, clinicians, patients, and their families.”
Based in Hamilton, Ontario, with offices in
Florida and Texas, Reliq specializes in developing innovative
Virtual Care solutions for the multibillion-dollar healthcare
market. With Reliq’s iUGO Care’s post-discharge program, patients
receive targeted monitoring for the first 30 days after discharge
to specifically prevent readmission to hospital and are then
followed long-term using the iUGO Care Remote Patient Monitoring
(RPM), Transitional Care Management (TCM) and Behavioural Health
Integration (BHI) modules to improve long-term health outcomes and
prevent complications that could lead to future
hospitalizations.
The shares are trading at $0.48. For more
information, please visit the company’s website,
www.ReliqHealth.com or email IR@ReliqHealth.com. Investor Relations
in the United States is handled by Ben Shamsian of Lytham Partners,
who can be reached at 649-829-9701 or by email at
shamsian@LythamPartners.com.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of
video, which together with its extensive distribution, including a
news release service, to position your company’s story ahead of the
1,000’s of companies seeking awareness and funding from the
financial community. The company specializes in producing short
videos based on significant news releases, research reports and
other content of interest to investors.
Disclaimer
The information in this InvestmentPitch Media Ltd
video is for the viewers information only. Reliq Health
Technologies has paid a fee not exceeding $2,000 in cash to have
its current news release produced in video format. The corporate
information is based on information that is publicly available. Any
information provided by InvestmentPitch Media Ltd, through its
media services is not to be construed as a recommendation or
suggestion or offer to buy or sell securities but is provided
solely as an informational media service. InvestmentPitch Media Ltd
makes no warranties or undertakings as to the accuracy or
completeness of this information. All due diligence should be done
by the viewer or their financial advisor. Investing in securities
is speculative and carries risk.
CONTACT: InvestmentPitch Media Barry Morgan, CEO
bmorgan@investmentpitch.com
Reliq Health Technologies (TSXV:RHT)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Reliq Health Technologies (TSXV:RHT)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024