PALM BEACH, Florida, October 5, 2017 /PRNewswire/ --
One of the primary healthcare benefits of Telemedicine is that it increases the access to the physician and allows the physician to keep in contact and to be able to remotely interact with their patient on a frequent basis. Telemedicine is reaching a rapidly growing mass of people as it's a lot easier to help patients understand how it fits into their life when they are displaced from such events as natural disasters and need care or allowing patients to use the services for chronic care management or even remote monitoring that automatically collects vital signs and tracks medication adherence. Advancing companies in the industry include: Reliq Health Technologies Inc. (OTC: RQHTF) (TSX-V: RHT), Surgery Partners Inc. (NASDAQ: SGRY), Community Health Systems Inc. (NYSE: CYH), Quorum Health Corporation (NYSE: QHC), Evolent Health Inc. (NYSE: EVH).
Reliq Health Technologies Inc. (OTCQB: RQHTF) (TSX-V: RHT.V), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-based Healthcare, is pleased to announce that it now has 1,000 paid subscribers using its chronic care management, remote patient monitoring and telemedicine solution, representing recurring monthly revenue of US$50,000/month. Read this full release and recent news releases for Reliq Health Technologies at http://marketnewsupdates.com/news/rqhtf.html
"We are excited to announce that we now have 1,000 patients live on our platform," said Dr. Lisa Crossley, CEO of Reliq Health. "This is a critical milestone for Reliq as we move forward with our roll out to over 40,000 patients in accordance with our previously-announced contracts with Paz Home Health, LLC (Pharr, TX) and Rio Grande Valley Health Alliance, LLC (McAllen, TX). We expect to enroll at least 1,000 new patients per month through 2018 with these two contracts, which together are worth over US$26 Million annually in recurring revenue at full deployment."
Reliq's 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 tracking medication adherence. Reliq's interactive voice technology provides patients with audible alerts and reminders to take their medications, collect their vitals using Bluetooth-enabled monitoring devices and perform prescribed rehab or fitness activities. Reliq's two-way voice hub provides voice-activated access to patient education content, empowering patients and family members to proactively manage complex chronic conditions. The Reliq Health cloud platform instantly alerts the clinical care team if a patient develops key warning signs, allowing clinicians to intervene before a health crisis occurs and preventing costly and disruptive hospital readmissions and ER visits.
In other Healthcare Industry developments:
Surgery Partners Inc. (NASDAQ: SGRY) closed down slightly on Wednesday at $10.95 by the market close. Surgery Partners, a leading healthcare services company, recently announced that it has successfully completed its previously announced acquisition of National Surgical Healthcare ("NSH"), an owner and operator of surgical facilities in partnership with local physicians. Headquartered in Nashville, Tennessee, Surgery Partners is a leading healthcare services company with a differentiated outpatient delivery model focused on providing high quality, cost effective solutions for surgical and related ancillary care in support of both patients and physicians.
Community Health Systems Inc. (NYSE: CYH) recently announced that subsidiaries of the Company have completed the sale of 103-bed Weatherford Regional Medical Center in Weatherford, Texas, and its associated assets to subsidiaries of HCA Healthcare (NYSE: HCA). The effective date of the transaction is October 1, 2017.
Weatherford Regional Medical Center is one of the 30 planned hospital divestitures discussed on the Company's second quarter 2017 earnings call.
Quorum Health Corporation (NYSE: QHC) recently announced that affiliates of the Company completed the transaction for the divestiture of 70-bed Sunbury Community Hospital in Sunbury, Pennsylvania, and 47-bed Lock Haven Hospital in Lock Haven, Pennsylvania, and their associated assets. The transaction was effective as of 11:59 Eastern Time on September 30, 2017.
Evolent Health Inc. (NYSE: EVH), a company providing an integrated value-based care platform to the nation's leading health systems and physician organizations, recent announced it expects to significantly expand relationships with partners in Illinois and New Mexico. "These opportunities in Illinois and New Mexico demonstrate the breadth of our capabilities and confidence we have established with partners in multiple segments of the market," said Evolent Chief Executive Officer Frank Williams.
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