Reliq Helth Tech Stock Price, News & Analysis

Reliq Health Technologies (OTC:RQHTF) will participate in the Lytham Partners Investor Select Conference on January 31, 2023. The event includes a webcasted fireside chat and 1x1 virtual investor meetings. The webcast presentation is set for 9:00 AM ET and can be accessed on Reliq's website. The company's innovative iUGO Care platform enhances community-based virtual healthcare, improving outcomes for complex patients while reducing healthcare costs. Reliq is focused on advancing its technology and market presence within the rapidly growing healthcare technology sector.

Reliq Health Technologies Inc. (OTC:RQHTF) announced that CEO Dr. Lisa Crossley will present at the Healthcare IT Virtual Conference on January 25, 2023, at 9:30 AM EST. Hosted by Maxim Group LLC, the conference will feature discussions on innovative Virtual Care solutions for the healthcare market. Reliq specializes in the iUGO Care platform, which enhances community-based virtual healthcare, allowing complex patients to receive care at home, improving health outcomes, and reducing costs. To attend the conference, participants must register as M-Vest members at this link.

Reliq Health Technologies has signed contracts with eight new physician clients across Texas, California, and Nevada, aiming to expand its iUGO Care platform. These contracts are projected to onboard at least 5,000 new patients over the next two quarters, generating an average revenue of $65 per patient per month with a 75% gross margin. The onboarding process is set to begin this month. CEO Dr. Lisa Crossley highlighted significant improvements in health outcomes, boasting that patients using iUGO Care have over 80% lower hospitalization rates. Reliq's shares are currently trading at $0.60.

Reliq Health Technologies Inc. (OTC:RQHTF) announced new contracts with three multi-physician clinics in North Texas and five physician practices in California and Nevada. These contracts are expected to add over 5,000 patients to the iUGO Care platform within two quarters. The platform boosts health outcomes by lowering hospitalization rates by over 80% for chronic conditions. Each new patient is projected to contribute $65 monthly, with a 75% gross margin. Onboarding starts this month, coinciding with heightened healthcare demands due to the RSV-COVID-influenza tripledemic.

Reliq Health Technologies Inc. (OTCPink:RQHTF) has expanded its partnership with a large healthcare network in Florida, adding 34 new acute and long-term care hospital clients to its iUGO Care platform. This addition is projected to bring over 20,000 new patients annually, generating approximately $1.56 million in annual revenues based on $65 per patient per month. The company emphasizes that its platform helps reduce hospital readmissions, potentially lowering financial penalties under the Hospital Readmissions Reduction Program.

Reliq Health Technologies (OTC:RQHTF) announced the addition of 34 new clients from a Florida healthcare network, expected to bring over 20,000 patients annually to its iUGO Care platform. This project is anticipated to generate average monthly revenue of $65 per patient at a gross margin of 75%. CEO Dr. Lisa Crossley highlighted the platform's effectiveness in reducing hospital readmission rates, addressing financial penalties under CMS programs. A shareholder webinar is scheduled for January 11, 2023, to discuss operational updates and company outlook for the year.

Reliq Health Technologies (OTCPink:RQHTF) has expanded its contract with a client to include 35 additional skilled nursing facilities in Florida, adding 3,500 new patients monthly to its iUGO Care platform. This expansion will generate revenue of $60 per patient for Transitional Care Management and $65 per patient per month for ongoing services, totaling significant recurring revenue at a 75% gross margin. The U.S. skilled nursing facility market is projected to reach $252 billion by 2032, underlining the growth potential for Reliq's services.

Reliq Health Technologies Inc. (OTC:RQHTF) announced a significant expansion of its contract with a Florida network of Skilled Nursing Facilities (SNFs), adding 35 facilities. This is projected to onboard an additional 3,500 patients monthly, totaling 42,000 annually, via its iUGO Care platform starting in 2023. The company emphasizes that its platform improves patient outcomes and generates new revenue streams for SNFs. Each patient will generate $60 for Transitional Care Management and $65 for ongoing monitoring, with expected gross margins of 75%. Onboarding begins early 2023.

Reliq Health Technologies Inc. (OTCPink:RQHTF) reported a record revenue of $3,472,237 for Q1 FY 2023, a significant recovery from previous losses, with gross profit increasing by 88% to $2,175,000. The company aims to onboard over 100,000 patients by December 2022 and over 200,000 by mid-2023. New contracts with Skilled Nursing Facilities are expected to add 10,000 patients monthly. Despite challenges from recent hurricanes and the Omicron wave, Reliq maintains a robust growth outlook.