CloudMD Software and Services Inc. (DOCRF)

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CloudMD Suite of Services Available to Canadian Hospitals through Mohawk Medbuy.

Source
https://finance.yahoo.com/news/cloudmd-suite-services-available-canadian-103000758.html

April 0, 2023

CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH), an innovative health services company transforming the delivery of care, is pleased to announce a new vendor of record agreement for Employee & Family Assistance Program (“EFAP”), Internet based Cognitive Therapy (“iCBT”), Mental Health Coach, and Nurse Navigation Services provided through Kii. The non-exclusive agreement is with Mohawk Medbuy Corporation (MMC), a not-for-profit, shared services organization supporting hundreds of Canadian hospitals with supply chain, clinical and back office services. Concurrent with the vendor of record agreement, CloudMD has signed a multi-year contract with its first hospital customer.

“Hospitals across North America are dealing with significant levels of employee burnout and need additional mental and EFAP support,” said Karen Adams, CEO of CloudMD. “Through this new Mohawk Medbuy contract, a significant number of Canadian hospitals now have access to the benefits of CloudMD.”

The agreement was established on behalf of MMC’s Member hospitals through the organization’s proven procurement process, which fully complies with Broader Public Sector directives, CFTA and CETA to ensure fairness, openness and transparency.

“Health care workers have tough jobs at the best of times, even more so in recent years. The physical and emotional toll continues to challenge them and their families, layered on with increasing staff shortages and waitlists. CloudMD’s nurse navigation integrated with our suite of mental health and EFAP services creates an easy to use platform that delivers meaningful results for our partners and their employees,” said Colin Andersen, Executive VP, Public Sector of CloudMD.

The contract also allows for the option of additional CloudMD services such as medical second opinion, absence management, short-term disability management, workers compensation claims management and employment assessments and evaluations.