Reliq Health Technologies, a global healthcare technology company involved in virtual care, announced that it added 30 new skilled nursing facility clients to a previously disclosed contract with a large healthcare network in Florida. The deal is expected to result in over 3,000 new patients per month using Reliq’s iUGO Care platform, which includes transitional care management, remote patient monitoring, chronic care management and behavioral health integration modules.
The company also signed a new contract with a large allergy and respirology clinic in Texas that is expected to add 5,000 patients to the platform by the end of 2023. In total, the new patients, including from the SNFs, will bring Reliq an average revenue of $65 per patient per month, at 75% gross margin, according to the company. The idea is that iUGO Care provides real-time access to remote patient monitoring data, which allows for interventions by the care team to reduce hospital readmissions and ER visits. And all of the components help improve the patient experience and demonstrate the value of senior care services.
