Current reports

Information on the number of payment requests from insurers submitted in December 2019

Current Report No. 3/2020

Date: 09.01.2020

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 December 2019 7301 payment requests were submitted.

The number of applications for payment from insurers per business day in December 2019 was 348 applications per business day compared to 296 applications per business day in August 2019, 326 in September 2019, 314 in October 2019 and 332 in November which is a 4,8 % increase on a month-to-month basis.

The Company’s Management Board expects, based on:
– the rate of business changes made,
– the number of contracted clients,
– the observed number of sessions started,
that the number of payment applications from insurers submitted by the subsidiary – Medi-Lynx Cardiac Monitoring LLC, for services rendered using PocketECG technology in the USA may exceed 10,000 per month by the end of 2020.