CloudMD Partners with 19 New Post-Secondary Institutions to Provide Integrated Mental Health Support Programs to Students
September 14 2021 - 6:30AM
CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF,
Frankfurt: 6PH) (the “
Company” or
“
CloudMD”), a healthcare technology company
revolutionizing the delivery of care, is excited to announce that
it has partnered with 19 new post-secondary institutions across
Canada to provide its Aspiria Student Assistance Program
(“
Aspiria SAP”) and multi-layered mental health
resources to over 167,000 additional students.
With growing mental health concerns surrounding
the pandemic and students returning back to school, CloudMD is
onboarding the network of colleges and universities of various
sizes ranging from 200 students to 48,000 students to provide
additional resources to support the increased demand for mental
health programs for younger individuals. The prevalence of positive
screens for major depressive disorder, generalized anxiety
disorder, and probable PTSD are over three times higher among young
adults than among older adults. For example, 27% of young adults
aged 18 to 24 have screened positive for major depressive disorder
compared with 7% cent of adults aged 65 and older(1). Furthermore,
during COVID-19 imposed social isolation, youth were most likely to
report a negative impact to their mental health. 41% aged 15-24
have reported symptoms of moderate-severe anxiety(2).
CloudMD’s Aspiria SAP is a leading student
mental health provider in Canada and has partnered with 141 K-12
and post-secondary institutions across the country. The service
works collaboratively with on-campus health centres to provide
additional mental health resources and additional access points of
care for students. The integrated mental health service includes a
suite of digital tools, including an initial clinical assessment
and triage process, combined with a traditional short-term
counselling model designed to positively impact outcomes. Students
have access to the service 24/7, 365 days a year, and the services
are available in person, by phone, web, and mobile chat/text. These
features are very important as students can receive support where
and when they need it, and in a way they feel most comfortable.
Karen Adams, President of
CloudMD commented, “We are proud to partner with these
schools to support students with our mental health programs that
enable choice and provide the care they need at a critical time in
their lives. We provide personalized wellness plans that consider
each person’s unique needs and coaching to enable change. Ensuring
support and access to care is important as students are returning
to school. One of the key differentiators our platform offers is
the initial clinical assessment allowing for triaging and treatment
plans using nurse navigators. For students, this process results in
better access to care, matching the right clinician to the right
care pathways, with a focus on return to function. The Aspiria SAP
provider is already a market leader in Canada, and we are focused
on expansion into the United States.”
About CloudMD Software & Services
CloudMD is transforming 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.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD"Chief Executive Officer
FOR ADDITIONAL INFORMATION, CONTACT:
Julia BeckerVP, Investor
Relations julia@cloudmd.ca(604) 785-0850
Media Contact:
media@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.
- Statistics Canada’s ‘Survey on COVID-19 and Mental Health:
https://www150.statcan.gc.ca/n1/daily-quotidien/210318/dq210318a-eng.htm
- Statistics Canada:
https://www150.statcan.gc.ca/n1/daily-quotidien/200527/dq200527b-eng.htm
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