Clinical and Commercial Health Communities Maximizing Opportunities in Telemedicine's Fast-Growing Sector

PALM BEACH, Florida, March 29, 2018 /PRNewswire/ --

Marketnewsupdates.com News Commentary 

Telemedicine is on the rise as telehealth services are becoming increasingly available to patients across the country, especially among those seeking mental healthcare. A new market study, titled "Mobile Health (mHealth) Technologies and Global Markets", is projecting the Global mHealth Market should reach $46.2 Billion by 2021 from $13.2 billion in 2016 at a compound annual growth rate (CAGR) of 28.6%, from 2016 to 2021. Telehealth and Mobile Health Technologies, also known as mHealth, are having a significant impact on consumers and on all aspects of the healthcare sector prompting a rising number of companies who are making large investments to leverage these technologies more effectively. mHealth technologies are already a reality in both developed and developing countries, and their uptake is expected to significantly increase in the near future, particularly as the overall healthcare industry continues to shift towards value-based medicine, and due to the increasing need for more cost-effective means to deliver healthcare and to demonstrate the value and effectiveness of medical treatments. Active companies in the healthcare industry include: Reliq Health Technologies Inc. (OTC: RQHTF) (TSX-V: RHT), Teledoc Inc. (NYSE: TDOC), CVS Health Corporation (NYSE: CVS), Aetna Inc. (NYSE: AET), Inovalon Holdings, Inc (NASDAQ: INOV), Tenet Healthcare Corporation (NYSE: THC).

Reliq Health Technologies Inc. (OTCQB: RQHTF) (TSX-V: RHT.V), technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, is pleased to provide an update on operations to current and future shareholders.

"This has been an extraordinarily busy and productive three months for Reliq Health," said Dr. Lisa Crossley, CEO of Reliq Health Technologies. "We've been very internally focused this quarter, working to evolve from a start up to a mature organization with the necessary infrastructure to support the growth we anticipate going forward. We have now successfully built a strong foundation that will allow the Company to ramp up client acquisition and patient enrollment to address the significant opportunities in our pipeline. The Company has undertaken major new initiatives including hiring an experienced Sales team, implementing new CRM and Accounting systems, moving our code in house, opening a US office and expanding our Implementation, Technical Leadership, Finance and IR teams. We've continued to execute on our business plan and meet our milestones as forecast, including our go-live with Sioux Lookout Meno Ya Wen Health Centre in Ontario and ongoing patient enrollment at our customer sites in Texas, despite the intense effort required by our internal corporate initiatives.  I'd like to thank my entire team for all of the hard work and long hours they've put in over the past three months, and thank our shareholders for their patience while we completed this critical work. We're pleased to share the progress we've made this quarter through the following corporate update."