CloudMD Software & Services Inc. (TSXV: DOC, OTC: DOCRF,
Frankfurt: 6PH) (the “
Company” or
“
CloudMD”), a healthcare technology
company transforming the delivery of care, is excited to
announce that it has added comprehensive and enhanced health and
wellness coaching services to its industry first proprietary
Integrated Health Service Platform. This platform utilizes health
coaches and technology to create engagement with a focus on ongoing
support for prevention, intervention and return to function. It is
also one of the only platforms that offers the user tools and
treatment for at work, casual absence and disability.
CloudMD is committed to helping individuals
understand health issues with a focus on engagement and ability to
support through prevention, intervention and return to function.
Employers are now focused on ensuring that individuals have access
to group benefits that shift from self-selection to full-service
navigation. The Integrated Health Services Platform makes it easy
for individuals to access the widest range of digital health and
wellness through journeys that are actively guided by health and
wellness Nurse Navigators and/or Nurse Coaches. This revolutionary
platform differentiates itself with the engagement workflow and
analytic supporting health outcomes. The platform connects
individuals to all of their health and wellness needs by providing
industry-leading services including primary care, access to
specialists, complex care navigation, mental health risk
assessment, mental health services, employee assistance programs
(“EAP”), occupational health services,
learning/education, provider search, remote testing services, and
much more through a single platform. Powered by several of
CloudMD’s proprietary and wholly-owned technology assets and its
multidisciplinary team, the platform provides a holistic,
team-based approach resulting in better access to care and improved
outcomes. Since launching the Integrated Health Services Platform
(see press release here) in April 2021, over a quarter million
individuals already have access to the platform and are receiving
personalized navigation and care.
The Company’s early data shows that once
individuals have had a successful coaching experience, they tend to
re-engage with the coach as a trusted resource for continued
support. The impact of the program is yielding positive results
with examples where 91% of reassessed individuals with depression
showing improvement and 89% of reassessed individuals with anxiety
showing symptom improvement.
Karen Adams, President of
CloudMD commented, “We are committed to improving the
recovery of individuals with mental and physical health issues.
Organizations are ensuring that employees receive benefits that can
provide better health outcomes and return to function. We are proud
that we pioneered a comprehensive platform with predictive
analytics that is able to track health outcomes, adjust treatment
and focus on return to function utilizing our connected care
technology. Employers are able to ensure benefit programs contain
the right spend and access to solve issues that make individuals
and businesses thrive.”
Many people suffering from mental health issues
are held back from seeking treatment due to stigma. Further, not
every mental health condition requires psychotherapeutic treatment
or psychoactive medications. Often, a personalized mental wellness
coaching relationship can effectively address stress in the
workplace, mild to moderate depression, social awkwardness,
irritability, sleep disruptions, or other mental health symptoms.
CloudMD’s preventative, action-oriented coaching service provides
individuals with the support they need to remain productive and
engaged despite the ups and downs of daily life. Speaking to a
coach can be an important first step in getting the help a person
needs. Similar to care pathways in physical health, there is value
in delivering access to customized care pathways in mental health
that are evidence-based but don’t over treat or under treat.
Individualized mental wellness coaching is a critical first step in
an organized stepped-care pathway.
Karen Adams added, “For many
people, a mental health action plan that addresses immediate,
specific circumstances combined with the support of a trained coach
is all they need to move forward. Progress like this can also break
the hold of a mental health issue, preventing someone from sliding
into a disorder and it can also be very important for those who
need help in preparing to engage in therapy. This is one aspect of
our broader comprehensive health and wellness coaching services
that has been designed as an effective, supportive doorway enabling
individuals to access the services they need.”
In addition, the Company announces it has
engaged Native Ads, Inc. (“Native Ads”) to provide
strategic digital media services, marketing, and data analytics
services. The Company has agreed to pay Native Ads CAD$150,000 in
consideration for the services to be provided. Native Ads will not
receive any securities of the Company as compensation for the
services. The Company has also engaged Grit Capital Corp.
(“Grit”) for a 24 week marketing and advertising
campaign and has agreed to pay Grit US$100,000 in consideration for
the marketing services provided. Grit will not receive any
securities of the Company as compensation for the services.
About CloudMD Software &
Services
CloudMD is transforming the delivery of
healthcare using technology and by providing a patient-centric
approach, with an emphasis on continuity of care. By leveraging
healthcare technology, the Company is building one, connected
platform that addresses all points of a patient’s healthcare
journey and provides better access to care and improved outcomes.
Through CloudMD’s proprietary technology, the Company delivers
quality healthcare through a holistic offering including hybrid
primary care clinics, specialist care, telemedicine, mental health
support, healthcare navigation, educational resources, and
artificial intelligence (AI). CloudMD’s Enterprise Health Solutions
Division includes the leading Student Assistance Program and one of
the top 4 Employee Assistance Programs in Canada and offers one
comprehensive, digitally connected platform for educational
institutions, corporations, insurers, and advisors to better manage
the health and wellness of their students, employees, and
customers.
CloudMD currently services a combined ecosystem
of over 7,000 psychiatrists, approximately 4,500 therapists and
counsellors, approximately 4,000 psychologists, over 22,000 family
physicians, over 34,000 medical specialists, over 1,500 allied
health professionals, over 500 clinics, and over 5 million
individuals across North America. For more information
visit: https://investors.cloudmd.ca.
FOR ADDITIONAL INFORMATION, CONTACT:
Julia BeckerVP, Investor
Relationsjulia@cloudmd.ca(604) 785-0850
CloudMD Sales sales@Cloudmd.ca
Forward Looking Statements
This news release contains forward-looking
statements that are based on CloudMD’s expectations, estimates and
projections regarding its business and the economic environment in
which it operates, including with respect to its business plans.
Although CloudMD believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to control or
predict. Therefore, actual outcomes and results may differ
materially from those expressed in these forward-looking statements
and readers should not place undue reliance on such statements.
These forward-looking statements speak only as of the date on which
they are made, and CloudMD undertakes no obligation to update them
publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by
law.
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
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