
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{aaa84efcd05d20dc7d0e48929bb8fd8c8895020217096fb46d833d790411cbb9} 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
For further more data make sure you call:
Enterprise Call
Trader Relations at [email protected]
US Trader Relations Make contact with
Investor Relations
Lytham Companions, LLC
Ben Shamsian
New York | Phoenix
646-829-9701
[email protected]
Neither the TSX Venture Trade nor its Regulation Companies Supplier (as that expression is outlined in the procedures of the TSX Enterprise Exchange) accepts obligation for the adequacy or precision of this release.
Cautionary Statements Relating to Forward On the lookout Information and facts
Specified statements in this press launch represent ahead-wanting statements, inside the meaning of applicable securities legislation. All statements that are not historical facts, which includes without having limitation, statements with regards to long run estimates, ideas, packages, forecasts, projections, objectives, assumptions, expectations or beliefs of long run functionality, are “ahead-searching statements”.
We warning you that this sort of “ahead-on the lookout statements” require recognized and unidentified risks and uncertainties that could result in precise and long run functions to vary materially from individuals predicted in these types of statements.
Ahead-searching statements contain, but are not limited to, statements with respect to business operations, like technological know-how advancement, predicted revenues, projected measurement of marketplace, and other information that is based on forecasts of long term results, estimates of amounts not still determinable and assumptions of management.
Reliq Wellbeing Systems Inc. (the “Enterprise“) does not intend and does not suppose any obligation, to update these forward-wanting statements apart from as needed by legislation. These forward-seeking statements contain risks and uncertainties relating to, amid other factors, technological know-how advancement and promoting functions, the Company’s historical knowledge with technological know-how enhancement, uninsured hazards. True success may possibly vary materially from all those expressed or implied by these forward-looking statements.
Supply: Reliq Health and fitness Technologies Inc.
