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Reliq Well being Applied sciences, Inc. Publicizes 5 New Contracts to Onboard over 10,000 Sufferers

Reliq Well being Applied sciences, Inc. Publicizes 5 New Contracts to Onboard over 10,000 Sufferers

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HAMILTON, Ontario, Aug. 19, 2022 (GLOBE NEWSWIRE) — Reliq Well being Applied sciences Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Firm”), a quickly rising world healthcare expertise firm that develops progressive Digital Care options for the multi-billion greenback Healthcare market, right now introduced that it has signed 5 new contracts with two dwelling well being businesses, two doctor practices and a multi-state wound care observe that present care to sufferers in Kentucky, California, Florida, Nevada and Texas. The contracts are anticipated so as to add at the very least 10,000 new sufferers to Reliq’s iUGO Care platform over the following three quarters.

“We’re excited to be increasing in Kentucky, the place the state Medicaid program has considerably elevated its protection for distant affected person monitoring,” stated Dr. Lisa Crossley, CEO at Reliq Well being Applied sciences, Inc. “There are over 1.2 Million adults coated by Medicaid within the state of Kentucky ( In response to the Power Care Coverage Alliance, roughly 22{aaa84efcd05d20dc7d0e48929bb8fd8c8895020217096fb46d833d790411cbb9} of the inhabitants in Kentucky or roughly 1 Million residents are in Poor to Honest well being. The expanded scope of Kentucky’s Medicaid program will permit sufferers with coronary heart illness, Congestive Coronary heart Failure (CHF), Power Obstructive Pulmonary Illness (COPD), diabetes, hypertension, most cancers, stroke, psychological well being points or who’re pregnant to be monitored remotely by their healthcare suppliers. Over 50{aaa84efcd05d20dc7d0e48929bb8fd8c8895020217096fb46d833d790411cbb9} of Kentucky residents reside in rural communities. Utilizing Reliq’s iUGO Care answer improves entry to take care of these sufferers, enhancing well being outcomes and high quality of life.”

“We’re additionally very happy to be including 4 new purchasers with sufferers in California, Florida, Nevada and Texas, together with a multi-state wound care observe. In response to the Wound Care Schooling Institute (wcei.internet), over 15{aaa84efcd05d20dc7d0e48929bb8fd8c8895020217096fb46d833d790411cbb9} of Medicare sufferers are being handled for continual wounds. Distant monitoring of those sufferers with iUGO Care permits care suppliers to trace wound therapeutic progress and intervene early as wanted to stop issues that may result in amputations, sepsis and even dying. Altogether these 5 contracts are anticipated so as to add over 10,000 sufferers to our platform within the subsequent 9 months at a median income of $65 per affected person per thirty days (at 75{aaa84efcd05d20dc7d0e48929bb8fd8c8895020217096fb46d833d790411cbb9} gross margin). Onboarding of those sufferers is anticipated to start subsequent month. The Firm stays on monitor to onboard over 100,000 sufferers by the tip of calendar 12 months 2022 and over 200,000 sufferers by the center of calendar 12 months 2023.”

Reliq Well beingReliq Well being Applied sciences is a quickly rising world healthcare expertise firm that makes a speciality of creating progressive Digital Care options for the multi-billion greenback Healthcare market. Reliq’s highly effective iUGO Care platform helps care coordination and community-based digital healthcare. iUGO Care permits advanced sufferers to obtain prime quality care at dwelling, enhancing well being outcomes, enhancing high quality of life for sufferers and households and lowering the price of care supply. iUGO Care offers real-time entry to distant affected person monitoring information, permitting for well timed interventions by the care staff to stop expensive hospital readmissions and ER visits. Reliq Well being Applied sciences trades on the TSX Enterprise beneath the image RHT, on the OTC as RQHTF and on the Frankfurt Inventory Trade beneath the WKN: A2AJTB.

ON BEHALF OF THE BOARD“Dr. Lisa Crossley”CEO and Director

For additional info please contact:

Firm ContactInvestor Relations at [email protected]

US Investor Relations ContactInvestor RelationsLytham Companions, LLCBen ShamsianNew York | Phoenix646-829-9701[email protected]

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Cautionary Statements Concerning Ahead Trying DataSure statements on this press launch represent forward-looking statements, throughout the which means of relevant securities legal guidelines. All statements that aren’t historic details, together with with out limitation, statements concerning future estimates, plans, packages, forecasts, projections, targets, assumptions, expectations or beliefs of future efficiency, are “forward-looking statements”.

We warning you that such “forward-looking statements” contain identified and unknown dangers and uncertainties that would trigger precise and future occasions to vary materially from these anticipated in such statements.

Ahead-looking statements embody, however are usually not restricted to, statements with respect to industrial operations, together with expertise growth, anticipated revenues, projected measurement of market, and different info that’s based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration.

Reliq Well being Applied sciences Inc. (the “Firm“) doesn’t intend and doesn’t assume any obligation, to replace these forward-looking statements besides as required by regulation. These forward-looking statements contain dangers and uncertainties regarding, amongst different issues, expertise growth and advertising actions, the Firm’s historic expertise with expertise growth, uninsured dangers. Precise outcomes could differ materially from these expressed or implied by such forward-looking statements.

SOURCE: Reliq Well being Applied sciences Inc.

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