InvestmentPitch Media and Reliq Health Technologies Inc.

InvestmentPitch Media and Reliq Health Technologies Inc.

VANCOUVER, British Columbia, July 28, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHT) (OTCPink:RQHTF) (FSE:MHN2), a rapidly growing global telemedicine company developing innovative Virtual Care solutions for the multibillion-dollar Healthcare market, has signed contracts with four Pain Management clinics in California. These four clinics are expected to add more than 2,000 patients to the company’s platform in the next nine months, with onboarding of these patients is expected to begin in August. When the more than 2,000 new patients are fully onboarded in the next nine months and generating an average revenue of US$50 per patient per month at a 75% gross margin, the company anticipates generating additional gross revenue of more than CDN$130,000 per month.

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Reliq Health, a rapidly growing global telemedicine company, signs four Pain Management clinics, adding more than 2,000 new patients to its healthcare platform: Reliq Health, a rapidly growing global telemedicine company, signs four Pain Management clinics, adding more than 2,000 new patients to its healthcare platform

Reliq Health, a rapidly growing global telemedicine company, signs four Pain Management clinics, adding more than 2,000 new patients to its healthcare platform: Reliq Health, a rapidly growing global telemedicine company, signs four Pain Management clinics, adding more than 2,000 new patients to its healthcare platform

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Dr. Lisa Crossley, CEO, stated: “There are over 5 million Medicare recipients who suffer from life-altering chronic pain. Remote monitoring of symptoms and management of pain medications and underlying chronic conditions can dramatically improve quality of life for chronic pain patients. Proactive management of chronic pain can also reduce the risk of addiction to pain medication and the resulting costs to the healthcare system. The new iUGO Care Pain Management module allows clinicians to provide critical support and services to patients living with chronic pain and further expands Reliq’s addressable patient population to over 60 million eligible patients.”

According to a report published in April 2022, by Research and Markets, the world’s largest research store, the United States pain management therapeutics market size was valued at US$6.75 billion in 2021 and will reach US$12.55 billion in 2028. This is being driven by the increase in the geriatric population in the United States along with rising healthcare awareness. Furthermore, the rising preponderance of diseases such as cancer, diabetic neuropathy, osteoarthritis, and chronic arthritis and an increase in surgical procedures and healthcare spending are also key factors driving the market for pain management therapeutics in the United States.

Based in Hamilton, Ontario, with offices in Florida and Texas, Reliq specializes in developing innovative Virtual Care solutions for the multi-billion dollar healthcare market. The company’s powerful iUGO CARE platform for care coordination and home healthcare integrates wearables, sensors, voice technology with intuitive mobile apps and desktop software for patients, families, clinicians, and healthcare administrators.

The technology platform is a comprehensive SaaS solution that allows complex patients to receive high-quality care at home, improving health outcomes, enhancing the 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 emergency room visits.

The shares are trading at $0.60. For more information, please visit the company’s website, www.ReliqHealth.com or email [email protected]. Investor Relations in the United States is handled by Ben Shamsian of Lytham Partners, who can be reached at 649-829-9701 or by email at [email protected].

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The information in this InvestmentPitch Media Ltd video is for the viewers information only. Reliq Health Technologies has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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By Percy