CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF,
Frankfurt: 6PH) (the “
Company” or
“
CloudMD”), a healthcare technology company
revolutionizing the delivery of care to patients, is excited to
announce that it has expanded its mental health services into the
United States. Snapclarity Inc. (“
Snapclarity”),
CloudMD’s mental health solution is now available for providers and
corporations (B2B) in the United States through its proprietary
technology app, providing individuals with direct access to
clinical assessments that: support risk and diagnosis, provide an
immediate connection to care that allows individuals to
self-manage, create responsive coping mechanisms and control
symptoms through the delivery of personalized therapeutic support.
There is an immediate demand for mental health
services in North America. According to the Centers for Disease
Control and Prevention, more than 2 in 5 residents in the U.S.
report struggling with mental or behavioral health issues
associated with COVID-19 pandemic, including anxiety, depression,
increased substance use, and suicidal thoughts.(1) Combined with
iMD Global Health which is already available in the U.S., CloudMD’s
mental health services provide support around various mental health
issues, personalized care pathways and valuable educational
resources for corporations and insurers to provide better access to
care and improved, holistic treatment options to manage the health
and wellbeing of their employees and family members. The platform
is currently utilized by employers, individuals, therapists and
insurers and offers a continuity of care program that effectively
blends the supported intervention with technology, artificial
intelligence and human touch. This is accomplished through a suite
of proprietary digital tools that are designed by clinicians and
grounded in evidence-based practices that are proven to positively
impact outcomes.
CloudMD’s Employee Assistance Program provider,
HumanaCare Inc. (“HumanaCare”), also has an
existing client base in the U.S. and by integrating Snapclarity’s
software into the platform, HumanaCare will improve the current
client offering, and will continue to expand its enterprise
footprint with this integrated, whole-person solution.
CloudMD already has a significant footprint in
the U.S. including Benchmark Systems, which offers revenue cycle
management/billing solutions, practice management and electronic
medical records software, and services 200 clients, 800 physicians,
across 5.5 million patient charts in 35 states. Further, the
Company acquired IDYA4, as its technology enabler for future
digital transformation and interoperability in the healthcare
space. Currently IDYA4’s data platform is used at federal and state
levels in partnership with the Department of Justice, Homeland
Security and Health and Human Services to name a few. CloudMD
remains focused on its U.S. expansion and rolling out its mental
health services to its current footprint as well as new enterprise
clients is an important next step in that strategy.
CloudMD has grown its network of medical
professionals which now includes: 7,000
psychiatrists, over 4,500 therapists and
counsellors, over 4,000 psychologists, over
22,000 family physicians, 34,000
medical specialists, over 1,500 allied health
professionals and a dedicated research team across North America.
This extensive network is the foundation for CloudMD to scale and
grow its healthcare platform quickly and efficiently.
Amit Mathur, President of
CloudMD commented, “We have an aggressive multi-pronged
North American expansion plan that includes both physical and
mental health services. We recognize the significant opportunity
and need for mental health support in the United States and now we
can support corporations and providers to better manage the mental
health needs of the workforce. With our local expertise and
infrastructure in place, we expect to see significant growth in the
U.S. as we continue with the integration of our solutions.”
About Snapclarity
Snapclarity is a pioneer, on-demand, digital
platform that provides an assessment for mental health disorders
which includes a personalized care plan, access to online
resources, a clinical health care team and the ability to match to
the right therapists. To learn more about Snapclarity visit:
www.snapclarity.com and to download the individual app please visit
the Apple Store and/or the Google Play Store.
For more corporations and insurers needing more information on
the suite of services please contact: info@cloudmd.ca.
About CloudMD Software & Services
CloudMD is digitizing the delivery of healthcare
by providing a patient centric approach, with an emphasis on
continuity of care. The Company offers SAAS based health technology
solutions to healthcare providers across North America and has
developed proprietary technology that delivers quality healthcare
through a holistic offering including hybrid primary care
clinics, specialist care, telemedicine, mental health support,
educational resources and artificial intelligence (AI). CloudMD
currently services a combined ecosystem of over 500
clinics, almost 4000 licensed practitioners and 8 million patient
charts across North America. For more information on CloudMD visit
www.cloudmd.ca.ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD" Chief Executive Officer
FOR ADDITIONAL INFORMATION CONTACT:
Julia Becker VP, Investor
Relationsjulia@cloudmd.ca
Forward Looking Statements
This news release contains forward-looking
statements, including statements regarding projected revenue,
future business synergies and cost savings. Such forward-looking
statements are based on CloudMD’s expectations, estimates and
projections regarding its business and the economic environment in
which it operates and the ability of the Company to carry out 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, including revenue projections, 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.
1.
https://jamanetwork.com/channels/health-forum/fullarticle/2770050
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