CloudMD Software and Services Inc. (DOCRF)

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CloudMD Partners with 19 New Post-Secondary Institutions to Provide Integrated Mental Health Support Programs to Students.

source
https://finance.yahoo.com/news/cloudmd-partners-19-post-secondary-113000082.html

Tue, September 14, 2021, 1:30 PM

- CloudMD’s Aspiria SAP is a leading student mental health provider in Canada.

- Adds over 167,000 new students to CloudMD platform.

- Increases partner network to 141 K-12 and post-secondary institutions across Canada.

- Various sizes ranging from 200 students to 48,000 students.

CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH), 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).
(1) = Statistics Canada’s ‘Survey on COVID-19 and Mental Health:
https://www150.statcan.gc.ca/n1/daily-quotidien/210318/dq210318a-eng.htm

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).
(2) = Statistics Canada:
https://www150.statcan.gc.ca/n1/daily-quotidien/200527/dq200527b-eng.htm

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 Becker
VP, Investor Relations
[e-mail]
[phone]

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