Reliq Health Technologies Inc., a technology company focused on developing innovative mobile health (mHealth) solutions for community-based healthcare, has announced that it closed 2017 with over 6,000 paid subscribers using its iUGO Care chronic care management, remote patient monitoring and telemedicine platform.
This marks the company’s first month of profitability, with recurring monthly revenue of over US$300,000 per month.
“We are excited to announce that we now have over 6,000 patients live on our iUGO Care platform,” said Dr Lisa Crossley, CEO of Reliq Health. “The onboarding of patients is starting to accelerate as we move forward with our roll out to over 40,000 patients with the three current contracts in Texas. We are also very pleased to announce that we have achieved another critical milestone, as the Company reached profitability in December 2017. We continue to focus our efforts on the front-line care providers in the US who are serving the over 37 million Medicare and Medicaid patients who have two or more chronic diseases such as diabetes, hypertension, chronic obstructive pulmonary disease (COPD) and congestive heart failure.”
Dr Crossley said the market will continue to grow as the population ages and expands, and as pressure from lawmakers and insurers to reduce healthcare spending increases. “Our iUGO Care platform allows healthcare providers to proactively manage complex chronic care patients in the lower cost community setting, reducing the need for costly acute interventions such as hospital stays, surgeries, long term care admissions and ER visits,” she said.
Reliq’s iUGO Care digital health solution provides high-quality virtual care in the community by creating a ‘virtual hospital ward’ within the patient’s home, automatically collecting vital signs and encouraging and tracking medication adherence.