Reliq Health Technologies Inc. announced that it has expanded its mental health services portfolio and expects to add 10,000 new mental health patients to its platform in 2024. Cognitive assessments are typically performed twice a year and are billed to CMS under a unique billing code. It is estimated that 1 in 4 Medicare recipients have a mental health condition but up to half of those patients are not currently receiving treatment.

Clients are committed to providing comprehensive care to their patients to achieve both physical and mental wellness. Medicare has increased the reimbursement rate for Behavioral Health Integration (BHI) by 25% in 2024 as part of their ongoing commitment to improving mental health in at-risk patient populations. The Company will initially roll out its expanded mental health services to existing Skilled Nursing and Assisted Living Facilities as well as Alzheimer and Dementia Care (Memory Care) Facilities.

The Company expects to add over 10,000 additional mental health patients in 2024 at an average of $48 per patient per month with an expected 70% gross margin. The strong customer/patient demand for the expansion of mental health care services further demonstrates existing clients' high levels of satisfaction with the usability and efficacy of products, and with the resulting cost savings and new anticipated revenue streams.