Welcome back.
Yes commercial terms have been slower than expected. Health care are a cagey type of beast. It seems impossible to prize any funds for new improvements. Visit any aged healthcare facility and they all look as though they could do with a major facelift and additional staff.
As I understand as to why things are slow.
The advantages of Painchek are not only proven, but is obviously a new standard. New standards, which are not compulsory, but advantageous by nature, have to be run by the board and staff, to justify additional spend.
Once the spend is authorised, implementation then occurs, and commercial terms begin. There seems to be a big difference between contacted beds and implemented beds, because currently we have 120 000 contracted beds, but only 60 000 implemented. It seemed the implementation was taking for ever, but I think it is the transfer from a free government grant to commercial terms, is what is taking the time.
Plenty of other things to keep us occupied though. To name a few.
Kids app.
We have disabled app coming.
We have hospital access thru our partnerships
We have pharmacy access thru our partners.
We have several countries in the UK using already and growing. Boots partnership pending finalisation of terms.
FDA later this year.
So much to look forward to.
cheers
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