InvestmentPitch Media Video Discusses Reliq Well being, a Quickly Rising International Healthcare Know-how Firm, and its Contract so as to add 15 Expert Nursing

/EIN Information/ — VANCOUVER, British Columbia, Nov. 18, 2022 (GLOBE NEWSWIRE) — Reliq Well being Applied sciences Inc. (TSXV:RHT) (OTCPink:RQHTF) (FSE:MHN2), a quickly rising world healthcare know-how firm growing modern Digital Care options for the multibillion-dollar Healthcare market, indicators contracts including a community of 15 Expert Nursing Amenities to its iUGO Care Platform.

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Dr. Lisa Crossley, CEO, said: “We’re very happy to be increasing into the Expert Nursing Facility market in California. Reliq will probably be offering our iUGO Care Transitional Care Administration (TCM), Distant Affected person Monitoring (RPM), Continual Care Administration (CCM) and Behavioural Well being Integration (BHI) options to assist enhance post-discharge well being outcomes and scale back readmissions, whereas additionally producing new income streams for the services. The Expert Nursing house is presently one in every of our quickest rising market segments and we’re excited to assist SNFs present new healthcare providers to their sufferers to drive higher outcomes.”

The corporate will start onboarding sufferers with these services in early 2023, and as soon as all 15 services are dwell the corporate expects to onboard greater than 1,000 of their newly discharged sufferers each month, or 12,000 new sufferers per yr, to Reliq’s iUGO Care platform. Reliq will present Transitional Care Administration to the newly discharged sufferers at a charge of $60 per affected person, with recurring income from Distant Affected person Monitoring, Continual Care Administration, and Behavioural Well being Integration of $65 per affected person per 30 days, at a 75% gross margin.

Expert Nursing Amenities signify a big, and till just lately, 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, beneath a health care provider’s supervision. After an sickness, harm or surgical procedure, sufferers could go from a hospital to a Expert Nursing Facility to proceed recovering, the place along with expert nursing, the care could embrace rehabilitative providers from licensed bodily, occupational or speech therapists. A Expert Nursing Facility gives transitional care, which is roofed beneath 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 anticipated to develop at a compound annual development charge of three.32%, reaching US$252 billion by 2032. The continued analysis signifies that a rise in situations resembling diabetes, stroke, hypertension, and different way of life associated ailments has resulted in a rise in Alzheimer’s, driving the U.S. expert nursing facility market traits. In 2019, roughly 1.5 million Medicare sufferers obtained care at roughly 15,000 expert nursing services.

Based mostly in Hamilton, Ontario, with workplaces in Florida and Texas, Reliq makes a speciality of growing modern 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 know-how with intuitive cell apps and desktop software program for sufferers, households, clinicians, and healthcare directors.

The know-how platform is a complete SaaS answer that permits advanced sufferers to obtain high-quality care at dwelling, enhancing well being outcomes, enhancing the standard of life for sufferers and households, and lowering the price of care supply. iUGO Care gives real-time entry to distant affected person monitoring information, permitting for well timed interventions by the care workforce to forestall expensive hospital readmissions and emergency room visits.

The shares are buying and selling at $071. For extra data, please go to the corporate’s web site, www.ReliqHealth.com or e mail [email protected]. Investor Relations in the US is dealt with by Ben Shamsian of Lytham Companions, who will be reached at 649-829-9701 or by e mail at [email protected].

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