Coala Life signs agreements on extended service for a further 30% of connected patients

Coala Life announces today that the company has signed renegotiated agreements that include an additional 10 clinics and approximately 1100 connected patients regarding the company’s extended service for Managed RPM in USA. Coala Life announced on December 13, 2022 that the extended service means that the revenue per patient where the service is extended will increase by approximately 50%.

”With these renegotiated agreements, we have now connected approximately 70% of patients to the extended service, which is gratifying. This means we are in line with our plan to have all patients connected to the extended service in Q1”, says Dan Pitulia, CEO of Coala Life Group.

The extended service includes more extensive analysis and reporting. Even including a certain strengthening of the company's qualified workforce, the increase in revenue is expected to lead to increased net margins. The extended service is basically based on the same agreement as before but with a revised and extended price list. The agreements began to be distributed and negotiated with affiliated clinics starting in January and discussions with all customers are underway, the plan is to have this ready within Q1 2023.