Reliq Health Technologies, Inc. (TSXV: RHT) (OTC Pink: RQHTF) is engaged as a medical technology company that develops telemedicine and mobile health solutions for “community-based healthcare.” The company provides its solutions through its iUGO Care platform, which is capable of integrating wearable technologies, sensors, voice, mobile and desktop interface. Shares of the Canadian telehealth company is jumping 26.47%, through early trading on Tuesday, June 11, 2019. Over the past three months, Reliq Health Technologies has seen average daily volume of 485,321 shares. However, volume of 2.36 million shares or dollar volume of C$507,400, has already exchanged hands through early trading on Tuesday.
Shares of Reliq Health Technologies are climbing on Tuesday, after the company announced that it has begun to sign up and onboard patients from three new physician practices located in Texas. The three Texas practices are located in Laredo and together have over 6,000 patients, which are being added to Reliq Health’s iUGO Care platform. Here is the full press release detailing of the new patient sign-ups:
Reliq Health Technologies, Inc. Press Release:
HAMILTON, Ontario, June 11, 2019 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHT or OTCQB:RQHTF) (“Reliq” or the “Company”), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, today announced that it has begun onboarding new patients with three new physician practices in Texas.
“We are very pleased to announce that we have added three new physician practices to our client base in Texas,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “All three practices are in Laredo, TX, expanding Reliq’s footprint in Texas beyond the Rio Grand Valley. Together these clients are expected to add over 6,000 billable patients to Reliq’s iUGO Care platform. In addition, our existing clients have confirmed that they have successfully billed and collected reimbursement from Medicaid this quarter, demonstrating that our new eligibility screening tools are effective and that our services are covered by the updated CMS billing codes. The Company has also built a new Implementations team and expects to significantly increase the pace of onboarding over the next quarter.”
Reliq Health Technologies is a healthcare technology company that specializes in developing innovative software solutions for the Community Care market. Reliq’s powerful iUGO Care platform supports care coordination and community-based healthcare. The iUGO Care platform integrates wearables, sensors, voice technology and intuitive mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. 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 and on the OTCQB as RQHTF.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”.
We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
Reliq Health Technologies Inc. (the “Company“) does not intend and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company’s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.