/EIN Information/ — VANCOUVER, British Columbia, Nov. 07, 2022 (GLOBE NEWSWIRE) — Reliq Well being Applied sciences Inc. (TSXV:RHT) (OTCPink:RQHTF) (FSE:MHN2), a quickly rising international healthcare expertise firm creating progressive Digital Care options for the multibillion-dollar Healthcare market, has contracted with a present consumer so as to add a further 50 Expert Nursing Services to its iUGO Care platform.
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Dr. Lisa Crossley, CEO, said: “We’re very excited that our present consumer has chosen to develop the deployment of our iUGO Care platform into a further 50 of the Expert Nursing Services (SNFs) of their community. As with the beforehand introduced 40 services, we might be offering our iUGO Care Transitional Care Administration (TCM), Distant Affected person Monitoring (RPM), Power Care Administration (CCM) and Behavioural Well being Integration (BHI) options to assist enhance post-discharge well being outcomes and cut back readmissions, whereas additionally producing new income streams for the services. Reliq will present TCM to newly discharged sufferers at a charge of $60 per affected person, with recurring income from RPM, CCM and BHI of $65/affected person per 30 days, at 75% gross margin. We’re more than happy that we’re gaining important traction on this house.”
Reliq will start onboarding sufferers with these further services in early 2023 and as soon as all 50 services are dwell the corporate expects to onboard greater than 5,000 new sufferers per 30 days or 60,000 new sufferers per 12 months to its iUGO Care platform. Expert Nursing Services symbolize a big and beforehand untapped marketplace for Reliq’s merchandise.
With a Expert Nursing Facility, skilled registered nurses present the identical stage of nursing care you obtain in a hospital, in a medical setting, below a physician’s supervision. After an sickness, harm or surgical procedure, sufferers might go from a hospital to a Expert Nursing Facility to proceed recovering, the place along with expert nursing, the care might embrace rehabilitative providers from licensed bodily, occupational or speech therapists. A Expert Nursing Facility gives transitional care, which is roofed below Medicare for a restricted time after a qualifying hospital keep.
Market analysis agency “Future Market Insights” states that the U.S. expert nursing facility market is predicted to develop at a compound annual progress charge of three.32%, reaching US$252 billion by 2032.
The continued analysis signifies that a rise in situations reminiscent of diabetes, stroke, hypertension, and different way of life associated illnesses has resulted in a rise in Alzheimer’s, driving the U.S. expert nursing facility market tendencies. In 2019, roughly 1.5 million Medicare sufferers acquired care at roughly 15,000 expert nursing services.
Based mostly in Hamilton, Ontario, with workplaces in Florida and Texas, Reliq focuses on creating progressive Digital Care options for the multi-billion greenback healthcare market. The corporate’s highly effective iUGO CARE platform for care coordination and residential healthcare integrates wearables, sensors, voice expertise with intuitive cellular apps and desktop software program for sufferers, households, clinicians, and healthcare directors.
The expertise platform is a complete SaaS answer that permits advanced sufferers to obtain high-quality care at residence, enhancing well being outcomes, enhancing the standard of life for sufferers and households, and decreasing the price of care supply. iUGO Care gives real-time entry to distant affected person monitoring knowledge, permitting for well timed interventions by the care crew to forestall pricey hospital readmissions and emergency room visits.
The shares are buying and selling at $0.67. For extra data, please go to the corporate’s web site, www.ReliqHealth.com or electronic mail [email protected]. Investor Relations in the USA is dealt with by Ben Shamsian of Lytham Companions, who will be reached at 649-829-9701 or by electronic mail at [email protected].
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Barry Morgan, CEO