The company has detailed five key areas of growth: 1.Increase customer activation and consultation: DOC plans to boost revenue by expanding its marketing to drive customer activation and consultations, by working on joint promotional campaigns with channel partners and corporate clients. 2.Develop new service offerings: the company plans to promote its Mental Health services, which launched in November 2020, to its channel partners and corporate clients. Mental health services have a proven demand, with over 10% of existing DOC patients having mental health issues. 3.International expansion: the company is in talks with several health insurers to roll out its Internet Hospital service across various European markets, including Belgium, Germany, Italy, Spain and Switzerland. DOC has indicated that it could look to M&A as a springboard in Europe, in addition to an organic build out of operations. Asia-Pacific is another area that management believes is ripe for expansion, with the company exploring several opportunities in the region, including Australia. Like Europe, DOC is open to M&A to supplement an organic roll out in Asia-Pacific. 4.Develop the technology platform: DOC plans to increase the capacity of its technology platform to increase its ability to handle future volume growth. Additionally, it plans to invest in further developing its EHR to substantially expand its functionality and expand the range of services that can be conducted online. 5.Improving operational efficiency: the company plans to invest and use more automation of workflows across its operations to increase operational efficiency, which will lead to a better patient experience.
DOC Price at posting:
85.0¢ Sentiment: Hold Disclosure: Held
