RE: RNS - Elective Recovery Fund Funding Mechanism16 Oct 2024 09:15
Massive massive massive - they're all lined up and now can fund it!!
As noted above the Company believes that access to ERF represents a step change in the Company's commercial prospects. Although customer desire for Bleepa is well established, contracts have been difficult to unlock due to an inability for sites to source funding for the product. This is in large part because most technology funding is capital based rather than revenue based and is more difficult to ringfence, often being redirected for other priority spend such as to offset staff strikes or building repairs.
ERF is expected to enable the Company to align itself to service-based reimbursement, taking a share of service delivery payments. Service-based payments are typically revenue-based and ringfenced, they are also likely to recur because they underpin core areas of service delivery or to be replaced with a different mechanism that recognises the same elements of service delivery providing greater funding security.
the moment a few sign up the rest will too - 10-20x opp from here now
Brilliant work by Tom and team
All IMO