CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF,
Frankfurt: 6PH) (the “
Company” or
“
CloudMD”), a healthcare technology and innovative
health services company transforming the delivery of care, is
excited to announce that it has launched a national telemedicine
and physical health coaching service as part of its Kii
Personalized & Connected Care (“
Kii”)
offering. Kii, the Company’s flagship employer health and wellness
solution, integrates several of its best-in-class technologies and
services into one exceptional, connected, and personalized
experience.
The new telemedicine medical care program
provides a personalized treatment plan led by nurses and nurse
practitioners and supported by primary care doctors and
specialists. The nurses and nurse practitioners are trained to
deliver comprehensive initial medical assessments, psychosocial
healthcare support and treatment for most primary and mental
healthcare issues. They act as the first point of contact for
referrals to specialists and other important services offered
within Kii, to help guide individuals through their personalized
healthcare journey.
Karen Adams, President & Interim CEO
of CloudMD commented, “Employers are faced with
unprecedented times and are prioritizing healthy workplaces and
increased employee productivity. Employers need the confidence that
their healthcare spend on mental and physical health benefits is
outcome-focused, comprehensive and designed to foster a healthy
work environment. When required, we can connect with publicly
funded medical practitioners, including primary care and
specialists, to help optimize spend and connect employees with the
full spectrum of care. In addition, our programs are seeing high
adoption rates and engagement, resulting in higher utilization and
better healthcare outcomes. We create access to mental and physical
health care while prioritizing resiliency, productivity, and peace
of mind.”
This solution is delivered through
multi-modalities and combines primary care, specialists, and
personalized health coaching. Historically, CloudMD has only
offered similar telemedicine services direct to consumers in BC and
Ontario. As part of its holistic employer healthcare offering,
these services will now be available nationwide through 24/7
digital and telephone options to employees and their family
members. The telemedicine services integrated into Kii complements
and supports the Company’s health coach and navigation services and
ensures access to important and often simultaneous treatment of
physical and mental health issues.
CloudMD’s mental health coach program has
already shown very positive results with 86% usage and 98%
satisfaction rates, and the Company expects similar results across
the spectrum of primary care.
Employers who choose CloudMD’s telemedicine services will
receive an evidenced-based, clinical program that supports and
assists individuals in:
- Breaking down barriers to care
- Remedy immediate concerns as they
emerge
- Health education across the
continuum of care from prevention to treatment
- Psychosocial support
The feedback from clients is that they want a
single vendor and platform to treat their employees. Kii offers the
ability to manage the entire continuum of care for mental and
physical health issues, ranging from prevention to treatment to
return to function, from one connected offering. Employers can
depend on CloudMD to have a deep understanding of the workplace
healthcare environment, and health benefits available to employees
and focus on personalized engagement that ensures access to care
while prioritizing return to function.
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 business is separated into
three main divisions: Clinics and Pharmacies, Digital Solution and
Enterprise Health Solutions, the Company’s fastest growing
division. CloudMD’s Enterprise Health Solutions Division has built
a leading employer healthcare solution, including its Comprehensive
Integrated Health Services Platform, which 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 direct ecosystem of
over 5,700 clinicians including, 1,800+ mental health
practitioners, 1,600+ allied health professionals, 1,400+ doctors
and nurses and covers 12 million individual lives across North
America. For more information
visit: https://investors.cloudmd.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
“Karen Adams”Interim Chief Executive Officer
FOR ADDITIONAL INFORMATION, CONTACT:
Julia BeckerVP, Investor
Relations julia@cloudmd.ca(604) 785-0850
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This news release contains “forward-looking
statements” and “forward-looking information” within the meaning of
Canadian securities laws. These statements are based upon
information currently available to CloudMD’s management. All
information that is not clearly historical in nature may constitute
forward‐looking statements. In some cases, forward‐looking
statements may be identified by the use of terms such as
“forecast”, “assumption” and other similar expressions or future or
conditional terms such as “anticipate”, “believe”, “could”,
“estimate”, “expect”, “intend”, “may”, “plan”, “predict”,
“project”, “will”, “would”, and “should”. Forward-looking
statements contained in this news release are based on certain
factors and assumptions made by management of CloudMD based on
their current expectations, estimates, projections, assumptions and
beliefs regarding their business and CloudMD does not provide any
assurance that actual results will meet management’s expectations.
While management considers these assumptions to be reasonable based
on information currently available to them, they may prove to be
incorrect. Such forward‐looking statements are not guarantees of
future events or performance and by their nature involve known and
unknown risks, uncertainties and other factors, including those
risks described in the Company’s MD&A (which is filed under the
Company’s issuer profile on SEDAR and can be accessed at
www.sedar.com), that may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward‐looking statements. Although CloudMD has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward‐looking statements, other factors may cause actions, events
or results to be different than anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate as actual results and future events could vary or differ
materially from those anticipated in such forward‐looking
statements. Accordingly, readers should not place undue reliance on
forward‐looking information. CloudMD does not undertake to update
any forward-looking information, whether as a result of new
information or future events or otherwise, except as may be
required by applicable securities laws.
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