Yes, that's a reasonable interpretation of Schrödinger's concept. Schrödinger proposed that living organisms are able to sustain themselves and maintain their ordered and organized state by continuously acquiring and utilizing negentropy from their environment. In other words, life can be seen as a process that feeds on negentropy, using energy to counteract the natural tendency towards disorder and maintain a state of low entropy or high organization.
This perspective emphasizes the dynamic relationship between living systems and their environment, where energy flows through the system, enabling the creation and maintenance of complex structures and processes associated with life. In this sense, life can be viewed as a phenomenon that actively opposes the increase in entropy, harnessing negentropy to sustain its existence and propagate its complexity.