HAMILTON, Ontario, Feb. 15, 2022 (Globe NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Corporation”), a quickly increasing world healthcare technological innovation corporation that develops impressive Digital Care answers for the multi-billion greenback Healthcare market, today declared that it has signed implementation strategy agreements with latest clientele that are anticipated to incorporate about 10,000 new patients to the system this yr, leveraging the new Medicare Distant Therapeutic Checking billing codes for people with musculoskeletal or respiratory situations.
“As beforehand disclosed, for 2022 the Facilities for Medicare and Medicaid Expert services (CMS) have expanded their virtual treatment reimbursement applications to include things like Distant Therapeutic Monitoring (RTM),” explained Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Five new billing codes for RTM were released on January 1, 2022. This is dependable with the development CMS has established in excess of the previous four decades towards enhanced reimbursement for virtual care programs that can lower health care expenses by lessening hospitalizations and ER visits. Remote Therapeutic Monitoring will allow clinicians to present ongoing in-dwelling procedure and monitoring for people with musculoskeletal and respiratory disorders. RTM entails owning clients use professional medical devices that obtain non-physiological facts these as treatment/medication adherence and remedy/treatment response, and also allows for individual self-reporting of essential metrics these kinds of as agony level, mobility, nighttime waking thanks to respiration troubles, etcetera. The new RTM codes have enhanced the qualified affected person population for our principal treatment consumers by about 50% and let orthopaedic and respiratory experts to use Reliq’s iUGO Treatment system to increase individual care and crank out new profits streams for their specialty practices. The new RTM codes have increased Reliq’s focus on affected individual population by more than 20 million eligible individuals. We be expecting to begin onboarding RTM clients with our existing customers later this month. Based on recent implementation options we hope to insert a minimum amount of 10,000 new RTM patients this year through our current purchasers by yourself at an ordinary profits of $40 per patient for each month.”
Reliq Well being
Reliq Overall health Technologies is a rapidly increasing global healthcare technological innovation enterprise that specializes in establishing innovative Virtual Treatment options for the multi-billion dollar Health care market. Reliq’s impressive iUGO Care system supports treatment coordination and local community-centered digital health care. iUGO Treatment permits elaborate people to acquire higher excellent care at household, improving upon health and fitness outcomes, boosting top quality of everyday living for people and families and cutting down the charge of care shipping. iUGO Care supplies true-time accessibility to remote individual checking details, letting for well timed interventions by the treatment crew to reduce highly-priced medical center readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture less than the symbol RHT, on the OTC as RQHTF and on the WKN as A2AJTB.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
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