Year end financial results showing significant growth and strong short and long term trajectory.
Reliq Health Technologies Inc. $RQHTF $RHT WKN:A2AJTB currently trading under $1.00, has now turned the corner to hyper growth. As seen in the year end financials that have just come out, the company has shown massive growth and with the continual contracts being signed, the future is extremely bright for this tiny micro-cap. This tiny company is planning an up-listing to the Nasdaq shortly and plans a share buy back from the cash flow the company expects to throw off next year. All of the growth is organic, accretive and recurring. The holy grail of growth stocks. The chart is also looking like a major break out has occurred.
THE FUTURE LOOKS BRIGHT FOR RELIQ.
Do your DD now.
Recently three has been multiple GAME CHANGING news releases for tiny Reliq Health Technologies Inc. $RQHTF $RHT
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that a previously disclosed client with a network of Skilled Nursing Facilities (SNFs) in Florida has added an additional 50 facilities to its contract with the Company. This addition to the existing contract is expected to add a further 5,000 new patients per month or 60,000 new patients per year to Reliq’s iUGO Care platform beginning in 2023.
“We are very excited that our existing client has chosen to expand the deployment of our iUGO Care platform into an additional 50 of the Skilled Nursing Facilities (SNFs) in their network,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “As with the previously announced 40 facilities, we will be providing our iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioural Health Integration (BHI) solutions to help improve post-discharge health outcomes and reduce readmissions, while also generating new revenue streams for the facilities. Reliq will provide TCM to newly discharged patients at a rate of $60 per patient, with recurring revenue from RPM, CCM and BHI of $65/patient per month, at 75% gross margin. We will begin onboarding patients with these additional facilities in early 2023. Once all 50 facilities are live we expect to onboard over 5,000 of their newly discharged patients every month going forward. Skilled Nursing Facilities represent a large and previously untapped market for Reliq’s products. There are over 15,000 SNFs in the United States and over 1.5 million Medicare patients received care in a SNF setting in 2021 (www.cms.gov). We are very pleased that we are gaining significant traction in this space.”
About Reliq Health
Reliq Health Technologies is a rapidly growing global healthcare technology company that specializes in developing innovative Virtual Care solutions for the multi-billion dollar Healthcare market. Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture under the symbol RHT, on the OTC as RQHTF and on the Frankfurt Stock Exchange under the WKN: A2AJTB.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
For further information please contact:
Company Contact
Investor Relations at [email protected]
Cognizant Technology Solutions Corporation $CTSH is number 185 on the Fortune 500 with a $50 Billion market cap. They integrate with over 650 Electronic Health Records (EHR) and Electronic Medical Records (EMR) and their clients provide care to over 200 Million patients worldwide. This partnership gives Reliq tremendous immediate credibility in the healthcare market and will give very large clients like managed care organizations, health systems and health insurance plans confidence that Reliq can rapidly deploy to their patient populations no matter how large they may be. It is quite a strong statement for Reliq that a tiny market cap company like Reliq can strike a major partnership with the global industry leader Cognizant.
There is a clear runway to $1-2 billion market cap based on the revenue in the que that is organic, recurring and accretive. The company is now profitable and should remain that way going forward as most revenue is recurring. They will not need to raise money as they will be throwing off significant cash in 2022. They will be going to NASDAQ with no planned roll back and with a full head of steam as the profits will be growing at a rapid pace, therefore giving them a significant multiple.
This could be the biggest story in Medtech in 2022
Reliq Health Technologies, Inc. Signs Agreement with Cognizant to Expand Care Management Capabilities to Large Scale Clients
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced an agreement with Cognizant to leverage Cognizant’s Care Management resources for future deployments of Reliq’s iUGO Care software to large scale clients. Cognizant provides services to 300+ health systems and over 347,000 care providers who together provide care to over 200 million lives globally.
“We are excited to be expanding our Care Management capabilities by leveraging Cognizant’s extensive resources, network, and experience in healthcare,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Cognizant will be able to rapidly deploy a full suite of Care Management services to our largest new iUGO Care customers going forward. Reliq will continue to achieve the same or better profit margins on the Care Management component of our revenue as a result of this partnership but will be able to deploy our full-service solution (iUGO Care software plus Care Management services) to very large clients much faster. Our agreement with Cognizant will allow us to scale to new levels and provide even the largest healthcare organizations with confidence that we can meet the needs of their patient populations, no matter the size. This agreement will allow Reliq to access new opportunities to provide virtual care to much larger patient populations both within the US and globally.”
Reliq’s iUGO Care solutions improve health outcomes, allow clinicians to provide high quality care to patients anytime, anywhere, and reduce the cost to the healthcare system, benefiting patients, clinicians and payers. Reliq’s iUGO Care and iUGO Home products are a critical component of a fully connected healthcare system. Reliq’s remote patient monitoring platform, iUGO Care, is currently used by a diverse array of healthcare organizations in the US. These include primary care practices, specialist practices, home care agencies, skilled nursing facilities, HIV clinics and hospice care agencies. The agreement with Cognizant will expand Reliq’s capabilities and extend its reach, allowing Reliq to provide its iUGO Care solution to managed care organizations, large health systems and health insurance providers.
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.
Reliq Health
Reliq Health Technologies is a rapidly growing global healthcare technology that specializes in developing innovative Virtual Care solutions for the multi-billion dollar Healthcare market. Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture under 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
Reliq Health Technologies, Inc. Partners with Data Soft Logic to Add over 50,000 New Patients per Year to Reliq ’s iUGO Care Platform
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced an agreement with Data Soft Logic (DSL) to provide iUGO Care to their existing and new clients. The Data Soft Logic platform is a cloud-based home health and hospice care solution that provides a suite of applications including point of care, billing, scheduling, accounting and human resources. The platform is used currently used by over 600 home health and hospice care agencies across the United States. Data Soft Logic’s home health and hospice clients work with over 1,000 primary care physicians who provide care to over 500,000 Medicare and Medicaid patients.
“We are thrilled to be working with Data Soft Logic on this highly synergistic partnership,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “Reliq will be providing our iUGO Care remote patient monitoring (RPM), remote therapeutic monitoring (RTM), chronic care management (CCM), behavioral health integration (BHI) and transitional care management (TCM) software and services to Data Soft Logic’s home health agency and hospice provider clients throughout the United States. Reliq’s own home health and hospice clients will benefit from having the option of fully integrated access to Data Soft Logic’s exceptional, comprehensive practice management platform. Through this partnership, Reliq expects to begin onboarding patients in Q2 2022 and to ramp up to adding over 50,000 new patients per year to our platform in 2023, at an estimated revenue of $60 per patient per month.”
About Data Soft Logic
Data Soft Logic Corporation is a cloud-based home health care and Hospice solution offering a suite of applications including Point of Care, Symptom Management, Billing, Scheduling, Accounting and Human Resources. Data Soft Logic software is powerful and meaningful with simplicity of use for superior connected care at point of delivery. We are proud to have partnered with home health, hospice, and therapy agencies for over 10 years. Learn more at www.datasoftlogic.com.
Reliq Health
Reliq Health Technologies is a rapidly growing global healthcare technology that specializes in developing innovative Virtual Care solutions for the multi-billion dollar Healthcare market. Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture under 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