Current reports

Information on the number of payment requests from insurers submitted in January 2020

Current Report No. 16/2020

Date: 11.02.2020

Legal basis: Article 17(1) of MAR – inside information

The Management Board of Medicalgorithmics S.A. hereby announces the monthly number of payment requests from insurers filed by the subsidiary – Medi-Lynx Cardiac Monitoring LLC due to services rendered using PocketECG technology in the USA. In January 2020 6262 payment requests were submitted.

The number of applications for payment from insurers per business day in January 2020 was 298 compared to 348 applications per business day in December 2019, which is a 14,3 % decrease on a month-to-month basis.

The number of applications submitted in January largely reflects the number of monitoring sessions started in the second half of December 2019. Due to the holiday period in which patients are less willing to undergo medical examinations, this value deviates from the positive trend in the number of monitoring sessions started, which resulting in the lower reported number of payment applications in January this year calculated as a business day compared to December 2019. However, seasonality occurs every year, with varying intensity depending on the arrangement of holidays in the calendar.