PALM BEACH, Florida, November 30, 2017 /PRNewswire/ —
According to a recent report issued by Markets and Markets, the global mHealth solutions market is projected to reach USD $90.49 Billion by 2022 from USD $21.17 Billion in 2017, at a CAGR of 33.7%. The growth of the mHealth solutions market can be attributed to the factors such as the growing demand for healthcare applications, the advent of advanced connectivity and network technologies, robust penetration of 3G and 4G networks to provide uninterrupted healthcare services, and rising focus on patient-centric healthcare. Technology is offering a new fix for one of the most confounding health-care challenges: getting patients with chronic disease to take better care of themselves. The emerging field of digital medicine, a combination of remote monitoring, behavior modification and personalized intervention overseen by the patients’ own doctors, can improve outcomes in some of the most costly and tough-to-manage categories such as diabetes, heart disease and lung disease. As a result, more hospitals and health systems are adopting digital programs that have been studied in clinical trials and can be delivered on a broad scale at low cost with the use of smartphones, wireless devices and sensors. A few companies in the headlines this week include Active companies in the healthcare industry include: Reliq Health Technologies Inc. (OTC: RQHTF) (TSX-V: RHT), Teledoc Inc. (NYSE: TDOC), Evolent Health Inc. (NYSE: EVH), Tenet Healthcare Corp. (NYSE: THC), Community Health Systems Inc. (NYSE: CYH).
Reliq Health Technologies Inc. (OTCQB: RQHTF) (TSX-V: RHT.V), a technology company focused on developing innovative mobile health (mHealth) solutions for Community-Based Healthcare, is pleased to announce that it now has over 4,000 paid subscribers using its iUGO Care chronic care management, remote patient monitoring and telemedicine platform. This represents recurring monthly revenue of over US $200,000/month; as a result the Company will reach its breakeven point in December 2017.
“We are excited to announce that we now have over 4,000 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 two current contracts in Texas. We are also very pleased to announce that we have achieved another critical milestone, as the Company will reach breakeven in December 2017. We continue to focus our efforts on the front line