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Finally some clarification of RHT current conditions available

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Sam Dan Member Level  Friday, 05/31/19 07:27:12 AM
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Finally some clarification of RHT current conditions available

" (“Reliq” or the “Company”), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, announced that it has filed its quarterly financial statements for the quarter ending March 31, 2019. The Company is also pleased to provide the following brief update on operations.

Financial Statements and MD&A

The Company has filed its Unaudited Financial Statements and Management’s Discussion and Analysis (MD&A) for the three and nine months ended March 31, 2019. The Company’s fiscal year end is June 30th. The quarterly statements are accessible on SEDAR at www.sedar.com under Reliq’s profile.

New Client Contracts

Reliq is pleased to announce that it has signed three new contracts with clients in Maryland, New Jersey and Texas. The clients include a cardiology group, a family medicine practice and a community care organization. All three clients will go live on the iUGO Care platform in June, 2019.

Patient Enrollment

The Company onboarded over 900 new patients between April 1 and May 30, 2019, as part of a gradual return to onboarding. The gradual ramp up was necessitated by the significant interruption to existing clients’ businesses during the quarter ending March 31, 2019 caused by changes to reimbursement policies for telemonitoring that were announced by Texas Medicaid in January 2019 and then reversed in March 2019. The pace of onboarding is expected to accelerate significantly beginning in June 2019.

New Hires

The Company has added new Sales and Business Development staff in Florida, Texas, New Jersey and California. The new Sales team brings decades of experience in senior Sales roles in the healthcare space to Reliq, and an extensive network of prospective clients. The Company has also hired a new Implementations team with relevant Clinical and Operations expertise and a proven track record of onboarding patients to novel healthcare software platforms.

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