Reliq Health Technologies Announces Expansion of Paz Home Health Contract by 5,000 New Patients, Increasing Contract Value to over $9MM USD Annually

Reliq Health Technologies > Blog Full Left Sidebar > Press Releases > Reliq Health Technologies Announces Expansion of Paz Home Health Contract by 5,000 New Patients, Increasing Contract Value to over $9MM USD Annually

VANCOUVER, BC, April 5, 2018 / – Reliq Health Technologies Inc. (TSXV:RHT or OTCQB:RQHTF) (“Reliq” or the “Company”), a technology company that develops innovative mobile health (mHealth) and telemedicine solutions for the Community-Based Healthcare market, is pleased to announce the expansion of its contract with Paz Home Health LLC in Texas to provide its iUGO Care remote patient monitoring and telemedicine solution.  The revised contract increases the number of Paz Home Health subscribers by 5,000 patients, bringing the total to over 15,000 patients total.  This will generate over $9 Million USD in annual recurring revenue at full deployment, by Q4 2018.

“We are excited to announce that as a result of their implementation of the iUGO Care remote patient monitoring platform, our client Paz Home Health has been accepted as a Superior HealthPlan Approved Provider for in-home telemonitoring.  Superior HealthPlan is a managed care organization that works with the State of Texas Health and Human Services Commission to deliver care through approved providers to Medicare and Medicaid patients.  As a result of becoming an Approved Provider, Paz has increased their registered Medicare/Medicaid homecare clients to over 15,000 patients across Southern Texas,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc.  “Paz Home Health has successfully demonstrated the benefits of using Reliq’s iUGO Care remote patient monitoring system to improve health outcomes and reduce hospital admissions and ER visits in their patients.  Reliq’s technology allows Paz Home Health’s patients to receive high quality care from the comfort of their own homes, reducing the cost of care delivery and increasing patient and family satisfaction.”

“Our mission at Paz Home Health is to provide peace of mind for patients and their loved ones,” said Dayana Bermea, CEO.  “We are excited to have achieved Superior HealthPlan Approved Provider status and look forward to continuing to grow our patient base in Southern Texas and throughout the State.  At Paz Home Health we are always striving to provide our clients with best in class home healthcare.”

Paz Home Health LLC is a Superior HealthPlan-approved home care provider headquartered in Pharr, Texas that provides care to patients across 16 counties in southern Texas.  Paz Home Health delivers in-home care from Registered and Licensed Vocational Nurses, Physical and Occupational Therapists, Medical Social Workers and Dieticians.  The company also offers telemonitoring services to connect patients with their care team from the comfort of their own homes.  Paz Home Health’s caring and qualified healthcare providers are committed to supporting patients and families who are coping with chronic conditions like Congestive Heart Failure (CHF), Chronic Obstructive Pulmonary Disease (COPD) and Diabetes, recovering at home from surgery or injuries, and seniors who are aging in place.

 

ON BEHALF OF THE BOARD

“Dr. Lisa Crossley”

CEO and Director

 

For further information contact:

 

Renmark Financial Communications Inc.

Laura Welsh: lwelsh@renmarkfinancial.com

Tel: (416) 644-2020 or (514) 939-3989

www.renmarkfinancial.com

 

or CORE Capital Partners at 604-566-9233 or investors@ccpartnersinc.com

 

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.

 

SOURCE: Reliq Health Technologies Inc.