Tax-loss season is on the minds of many investors right now. It is the time of year when some traders feel compelled to dump their losers – and lock-in losses. It has been a hot topic on the Bullboards this week. In this edition, we are going to examine some of recent success stories and see how corporate ingenuity, creativity, and enterprise can plough through just about any obstacle.
This won’t be a holiday free from COVID out there, but one element of our society that has evolved in the last two years is remote patient monitoring, a branch of telehealth where patients are remotely monitored outside of a typical clinic setting, by leveraging increased mobility and the advancements in internet of things (IoT) technology.
In health care, Reliq Health Technologies (TSXV:RHT, Forum) specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits.
A client of theirs with a network of skilled nursing facilities in Florida has added an additional 35 facilities to its contract.
This addition to the existing contract is expected to add a further 3,500 new patients per month or 42,000 new patients per year to Reliq’s iUGO Care platform beginning next year.
Reliq Health CEO, Dr. Lisa Crossley was pleased their client chose to expand the deployment of the iUGO Care platform into an additional 35 of the skilled nursing facilities in their network.
“Reliq’s rapid expansion in this market segment is a testament to the significant value we bring to Skilled Nursing Facility clients. SNFs typically operate at very low margins compared to other healthcare organizations and were one of the sectors that were hardest hit economically by COVID. The Centers for Medicare & Medicaid Services are pushing for shorter stays in Skilled Nursing Facilities, which increases overhead costs for facilities while also increasing the risk of readmissions. There are financial penalties associated with readmissions, so it is critical to the survival of the SNF sector to implement proactive, preventative solutions that will improve post-discharge health outcomes and reduce readmissions. Reliq’s iUGO Care platform generates new revenue streams for facilities while also improving patient health outcomes post-discharge, leading to increased patient satisfaction, improved quality of life, reduced readmissions, and lower healthcare costs. Reliq will provide transitional care management to newly discharged patients at a rate of $60 per patient, with recurring revenue from remote patient monitoring, chronic care management, and behavioural health integration of $65/patient per month, at 75% gross margin. We will begin onboarding patients with these additional facilities in early 2023. Once all 35 facilities are live, we expect to onboard over 3,500 of their newly discharged patients every month going forward.”
Many airlines and aviation firms are spreading their wings more now that global restrictions art are easing. Bombardier Inc. (TSX:BBD, Forum) announced the groundbreaking of its new service centre at Abu Dhabi International Airport, United Arab Emirates (UAE), this week.
The new facility is Bombardier’s first full-service facility in the UAE. When at full capacity, the new original equipment manufacturer-operated service facility is targeted to open in 2025 and, once fully operational, should help Bombardier continue to expand and grow its aftermarket revenues beyond 2025.
Bombardier’s new Abu Dhabi Service Centre will feature a large hangar, comprehensive parts depot and a complete suite of maintenance services, including scheduled and unscheduled heavy maintenance, aircraft modifications, paint modification, aircraft on-ground capabilities, and aircraft parking services.
The new facility will also have the capacity to fit up to four Global 7500 aircraft – and will be able to service the Global 8000 when it enters service in 2025, as well as Bombardier’s Learjet, Challenger, and Global aircraft families.
The company’s President and CEO, Éric Martel, called the Middle East an important market for Bombardier, with more than 150 aircraft.
“Abu Dhabi is a dynamic financial hub for business and commerce in the UAE. This service facility will provide significant benefits, quick aircraft turnarounds, and OEM peace of mind to our growing customer base. We are also thrilled to provide new, high-paying aerospace jobs in the community.”
Abu Dhabi Airports’ Managing Director and CEO, Jamal Salem Al Dhaheri, added that Abu Dhabi International Airport is one of the fastest-growing airports in the world and that Bombardier’s global aviation leadership, experience, and expertise will be a catalyst for invaluable service delivery and excellence, upon the facility’s official unveiling.
“We look forward to supporting Bombardier in the years ahead to witness the company’s contributions to business travel in the UAE and the region as well as the aviation sector and economy. The presence of Bombardier underlines Abu Dhabi Airports’ commitment to general aviation and is a major step forward to make Abu Dhabi the hub for general aviation in the region.”
The Abu Dhabi Service Centre will more than double its aftermarket worldwide footprint to close to 93,000 square metres.
The shopping season is going to get more intense as the holiday season reaches its climax and people are more mobile with their money than ever these days. RevoluGROUP Canada (TSXV:REVO, Forum), a company that deploys technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, announced this week that RevoluSEND and RevoluTRANSFER now include the United Kingdom.
The company has concluded the technical integration of the United Kingdom into its remittance platforms and those of white-label partners. Remittance deliveries have begun successfully, with the UK being the 120th RevoluSEND remittance country.
The company has concluded the technical integration of the United Kingdom into its platforms and those of white-label partners.
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