VANCOUVER, British Columbia, July 28. Feb. 20, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV: RHT) (OTCPink: RQHTF) (FSE: MHN2), a rapidly growing global telemedicine company that develops innovative virtual care solutions for billions of people around the world. a dollar from the healthcare market, has signed contracts with four pain management clinics in California. These four clinics are expected to add more than 2,000 patients to the Company’s platform over the next nine months, with onboarding of these patients expected to begin in August. When the more than 2,000 new patients are fully onboarded over the next nine months and generate an average revenue of US$50 per patient per month with a gross margin of 75%, the company expects to generate additional gross revenue of over of CA$130,000 per month.
A media clip accompanying this announcement is available by clicking on the image or link below:
For more information, please watch the InvestmentPitch Media video which provides additional information on this news and the company. The video can be viewed at “InvestmentPitch” Or on “Youtube”. If the link is not available, please visit www.InvestmentPitch.com and enter “Reliq” in the search field.
Dr Lisa Crossley, CEO, said: “There are more than 5 million Medicare beneficiaries who suffer from life-altering chronic pain. Remote monitoring of symptoms and management of pain medications and underlying chronic conditions can significantly improve the quality of life for patients with chronic pain. Proactive management of chronic pain can also reduce the risk of painkiller dependence and the resulting costs to the healthcare system. New iUGO Care pain management module enables clinicians to provide essential support and services to patients with chronic pain and further expands Reliq’s addressable patient population to over 60 million eligible patients.”
According to an April 2022 report by Research and Markets, the world’s largest research outlet, the US pain management therapies market size was valued at US$6.75 billion in 2021 and will reach US$12.55 billion. billion US dollars in 2028. the increase in the geriatric population in the United States as well as the growing awareness of health care. In addition, growing preponderance of diseases such as cancer, diabetic neuropathy, osteoarthritis, and chronic arthritis along with increasing surgical procedures and healthcare expenditures are also key factors driving the market for cancer therapies. pain management in the United States.
Based in Hamilton, Ontario, with offices in Florida and Texas, Reliq specializes in developing innovative virtual care solutions for the multi-billion dollar healthcare market. The company’s powerful iUGO CARE platform for care coordination and home care integrates wearables, sensors, voice technology with intuitive mobile apps and desktop software for patients, families, clinicians and caregivers. health care administrators.
The technology platform is a complete SaaS solution that enables complex patients to receive high-quality care at home, improve health outcomes, improve the quality of life for patients and families, and reduce the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, enabling rapid care team interventions to avoid costly hospital readmissions and emergency room visits.
The shares are trading at $0.60. For more information, visit the company’s website, www.ReliqHealth.com or email [email protected]. Investor Relations in the United States is handled by Ben Shamsian of Lytham Partners, who can be contacted at 649-829-9701 or by email at [email protected].
The information in this InvestmentPitch Media Ltd video is intended for viewers only. Reliq Health Technologies paid a fee not to exceed $2,000 in cash to have its current press release produced in video format. Company information is based on publicly available information. Any information provided by InvestmentPitch Media Ltd., through its media services should not be construed as a recommendation, suggestion or offer to buy or sell any securities, but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or representations as to the accuracy or completeness of this information. All due diligence should be performed by the viewer or their financial advisor. Investing in securities is speculative and involves risk.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of video, which, combined with its wide distribution, positions a company’s story in front of the thousands of companies seeking exposure and funding from the investment community. The company specializes in producing short videos based on important press releases, research reports and other content of interest to investors.
Barry Morgan, CEO