Totally Plc (TLY) has updated investors on its response to COVID-19 and how it is supporting the NHS through these unprecedented times.
The Company’s Urgent Care division is on the front line responding to an unprecedented number of calls for the NHS’s 111 national triage service, a critical pathway for UK patients of both COVID-19 and other urgent conditions.
In addition, The Company is working with NHS England through additional services including a new service at Heathrow Airport offering specialist support to those arriving into the UK and requiring isolation. The Company continues to work closely with the NHS and Commissioners adding additional services where required and is provisioning new services on a daily basis.
Demand for the Company’s new insourcing business, Totally Healthcare, continues to trade in line with management expectations as all diagnostic procedures still need to go ahead, even though all planned non-urgent operations have been postponed.
The Company is classified as ‘an essential healthcare provider’ with the wellbeing of its staff paramount. In response to COVID-19 the Company has implemented a number of operational changes including the introduction of video consultations in both Urgent and Planned Care situations where possible. Clinicians in Planned Care are stepping forward to support urgent care services and many staff have deferred annual leave to provide support where needed.
Shares in Totally are up 15% following this update.
The Company provides its work via contracts with Commissioners who secure the funding for the delivery of its services and has requested additional funding from the NHS and Commissioners for the additional, enhanced services it is delivering. As the Company approaches its year end, at the end of March 2020, the Board remains confident that the Company's performance will remain strong.