Reliq Fitness Applied sciences, Inc. Proclaims Growth of Word of honour with Immense US Fitness Plan, Expects to Upload 50,000 Unused Sufferers to iUGO Help
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HAMILTON, Ontario, Jan. 10, 2024 (GLOBE NEWSWIRE) — Reliq Fitness Applied sciences Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a unexpectedly rising world healthcare generation corporate that develops leading edge Digital Help answers for the multi-billion greenback Healthcare marketplace, is happy to announce that it has expanded the word in the past signed in Would possibly 2023 with a massive US condition plan. The condition plan operates Responsible Help Organizations (ACOs) and Fitness Upkeep Organizations (HMOs) in 5 States with over 3,000 medical doctors and greater than one million sufferers. The growth is predicted so as to add over 50,000 fresh sufferers to Reliq’s iUGO Help platform by means of the top of 2025 at a median earnings of $65 in keeping with affected person in keeping with moment.
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“We are very pleased that our client has asked to expand their deployments to include multiple locations across Texas, the second-largest State in the US by both population and size,” mentioned Chris Shields, CEO at Reliq Fitness Applied sciences, Inc. “This client is a large US health plan that takes a proactive approach to patient care in order to improve health outcomes and reduce costs. The iUGO Care Remote Patient Monitoring, Chronic Care Management and Behavioral Health Integration solutions Reliq will be providing will enable effective preventative care that allows the ACOs to achieve their cost and quality of care objectives. The health plan is a subsidiary of one of the nation’s largest providers of hospital and healthcare services and a Fortune 500 Company. Onboarding with this client in 2023 focused on Hildalgo County in Texas, and will expand to Webb, Zapata and Star Counties and San Antonio, TX in 2024. The Company expects to add over 50,000 health plan patients in Texas to the iUGO Care platform by the end of 2025, at an average of $65 per patient per month with an expected 75% gross margin. The expansion of this contract further demonstrates our existing clients’ high levels of satisfaction with the usability and efficacy of our products.”
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Reliq Fitness
Reliq Fitness Applied sciences is a unexpectedly rising world healthcare generation corporate that focuses on creating leading edge Digital Help answers for the multi-billion greenback Healthcare marketplace. Reliq’s robust iUGO Help platform helps aid coordination and community-based digital healthcare. iUGO Help permits advanced sufferers to obtain top attribute aid at house, making improvements to condition results, bettering attribute of generation for sufferers and households and decreasing the price of aid supply. iUGO Help supplies real-time get admission to to far off affected person tracking knowledge, bearing in mind well timed interventions by means of the aid crew to forbid expensive medical institution readmissions and ER visits. Reliq Fitness Applied sciences trades at the TSX Undertaking beneath the emblem RHT, at the OTC as RQHTF and at the Frankfurt Keep Alternate beneath the WKN: A2AJTB.
ON BEHALF OF THE BOARD
“Chris Shields”
Meantime CEO
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Investor Family members at ir@reliqhealth.com
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SOURCE: Reliq Fitness Applied sciences Inc.
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