Reliq Health Technologies Inc (RQHTF)

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Reliq Health Technologies Announces Patient Enrollment at Sacred Heart Health System in Florida for Pilot to Reduce Readmissions and Improve Health Outcomes for Congestive Heart Failure Patients

This morning, Reliq Health Technologies (RHT.V or RQHTF) announced the enrollment of patients at Sacred Heart Health System in Florida, in connection with its previously announced Pilot.


Key News Highlights:


1) This marks the second major patient enrollment of remote patient monitoring and care collaboration solution out of the four signed and announced pilots for Reliq Health Technologies to date (Sacred Heart in Florida, the Feldman Institution in Louisiana, NHS in London UK, and HHS in Hamilton Ontario);

2) The goal of this pilot is to demonstrate the value of Reliq Health’s self-care solution in improving health outcomes and reducing the cost of readmissions for Congestive Heart Failure (CHF) Patients.

3) CHF affects over 6 Million Americans and 21% of all CHF patients in the US who are admitted to a hospital will be readmitted within 30 days of discharge. Currently this type of readmission (for all hospital patients) cost the US healthcare system over $41 Billion annually;

4) Sacred Heart Health System #s in 2015:
a. Reported over $2 Billion USD in total patient revenue

b. They saw over 100,000 patients in their emergency rooms

c. Admitted over 30,000 patients

d. Performed over 15,000 surgeries

e. Over 4,000 employees
* 15% of Sacred Heart’s patients are admitted and/or receive surgery for cardiac issues, which is the primary target of our pilot with them

5) Sacred Heart is part of Ascension Health, the US's largest system of Catholic and non-profit health care facilities.

6) With the progression towards the successful completion of multiple pilots, Reliq is increasing the pipeline to achieve significant recurring revenue in 2017 while creating a robust, tested, and proven platform with multiple key healthcare areas.

CHF is just the start, with minor customization Reliq’s unique digital health solution, which creates a fully automated “virtual hospital ward” in the patient’s home, can be used by any patient to improve their health outcome, quality of life, and reduce healthcare cost (oncology, post-surgical, diabetes, COPD, palliative care, dementia, etc.).