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352 Posts.

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15/04/20

12:20

Post #: 44052646
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Originally posted by T.E.P.: ↑

1ST Group estimates that prior to COVID-19 its customers had been conducting in excess of two million face to face appointments a month (booked online or by phone)

Entertain the thought that 40% of those 2 million face to face appointments will transition to telehealth during the COVID-19 crisis in the coming months (it will probably be even higher than 40%)
1ST Group charges standard usage fees of $5 per consult and is waiving setup fees to support rapid adoption by its customers during the COVID-19 crisis
That could equate to 2 million appointments x 40% x $5 =Monthly Revenue of $4 million or Quarterly Revenue of $12 million or Annual Revenue of $48 million

Extraordinary figures. Even if the 40% figure is off by a factor of 10. I.e. if only 4% of appointments transition to telehealth, that still equates to annual revenue of $4.8m.

60% of GPs are currently using Telehealth right now in Australia.

T.E.P.

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Crazy numbers. only good things to come.
1ST Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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