New Operating Model and Variation of Agreement with AXA Health
A positive announcement to the market this morning in my opinion. The company has announced the launch of a new operating model with the addition of multiple consultation options based on the patient's clinical requirement. Previously it offered a single option of a 20 minute virtual GP consultation. The new model will include:
The company has said that the new model will better meet the challenge of clinical workforce shortages and ever increasing healthcare demand, resulting in:
The company also announced that it has entered into a variation of its Master Services Agreement with AXA Health, and this variation will contribute to Doctor Care Anywhere’s improved margins and profitability, with the realisation of some of these benefits commencing in 4Q 2021.
DISC: Hold a small portion in RL.