Guidance Upgrade for H1 2024 Revenue Growth
13 June 2024
Doctor Care Anywhere upgrades its market guidance for
H1 revenue growth
13 June 2024
Doctor Care Anywhere (ASX:DOC) is pleased to announce that it is upgrading its market
guidance for revenue growth in H1 2024 (relative to H1 2023) to be in the range of 10-15%, up from
previous guidance of 5-10%. This upgrade reflects good consultation volumes in the period.
In line with the presentation at the Annual General Meeting released to ASX on 29 April 2024, the
Company has initiated a restructuring of its clinical operations to improve the clinician mix and
reduce cost to serve. The Company is also phasing out its AXA Health secondary care pathway
over the coming months, which includes specialists’ advice and diagnostics, as this line of
business has not delivered a commercial return.
Ben Kent, CEO of Doctor Care Anywhere, said “I am pleased that we are on track to achieve double
digit revenue growth in H1; and we are taking the necessary actions to drive profitability and cash
generation in line with our strategy.”
While the closure of the diagnostic service will reduce revenue run-rate in the near term, these
actions will contribute to the Company achieving its market guidance of underlying cash
generation in H2 2024.
The Company will provide further details in its Q2 results announcement in late July.
- ENDS This ASX announcement has been authorised for release by the Board of Directors.
About Doctor Care Anywhere:
Doctor Care Anywhere Group PLC is one of the UK’s largest private providers of telehealth
services. The Company works with insurers, healthcare providers and corporate customers to
connect patients to a range of digitally enabled telehealth services on its proprietary platform.
It is committed to delivering the best possible patient experience and clinical care through
digitally enabled, joined up, evidence-based pathways.
Doctor Care Anywhere Group PLC
ARBN 645 163 873
13-15 Bouverie Street, 2nd Floor London EC4Y 8DP
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