Reliq had a setback a few months ago. Clients couldn't get some of the hardware(wearable monitoring equipment) that patients need to wear to make IUGO system work. So Reliq used about $3million of their recent PP to buy the equipment wholesale so their clients could begin setting up patients. This stopped new patient acquisitions but company has maintained guidance for 50,000 patients online by year end. Had 12,000 at last public announcement. They get $50/patient/month. US Medicare is increasing fees and categories for telemedicine monitoring so this category should grow over time. Reliq appears to have a good start with their software system that can use hardware/wearables from several manufacturers.
PR today is another small add to total patient backlog.
VANCOUVER, British Columbia, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTCQB:RQHTF) (“Reliq” or the “Company”), a technology company that develops innovative mobile health (mHealth) and telemedicine solutions for the Community-Based Healthcare market, is pleased to announce that it has signed contracts with two new home health agencies in Texas.
“We are pleased to announce that we have signed new contracts with two home healthcare agencies in Texas to provide our iUGO Care remote patient monitoring solution to over 4,000 chronic disease patients at full deployment,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “We are also excited to announce that two of our recently acquired clients went live on the iUGO Care platform this week.”
Reliq Health Technologies is a healthcare technology company that specializes in developing innovative software solutions for the Community Care market. Reliq's powerful iUGO Care platform supports care coordination and community-based healthcare. The iUGO Care platform integrates wearables, sensors, voice technology and intuitive mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture under the symbol RHT and on the OTCQB as RQHTF.
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