Toronto Coach Terminal

CloudMD Reports Q2 2022 Financial Performance; New Leadership Enforces Strategic Priorities to Drive Further Cost Optimization and Profitability

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Monday, August 22, 2022
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Q2 2022 Adjusted EBITDA2 loss of $3.2 million compared to a loss of $0.6 million in Q2 2021.

Key Points: 
  • Q2 2022 Adjusted EBITDA2 loss of $3.2 million compared to a loss of $0.6 million in Q2 2021.
  • Strategic priorities include driving organic growth, further cost optimization and financial stability and prudent cash management.
  • Q2 2022 revenue was $40.3 million, compared to $41.4 million in Q1 2022 and $15.7 million in Q2 2021.
  • On June 15, 2022, the Company provided an update on strategic priorities to drive organic growth through new sales and cross selling.

CloudMD Provides Business Update on Customer Momentum

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Wednesday, August 17, 2022
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CloudMD has already implemented several of these initiatives and will continue to take the necessary steps to right-size its cost structure related to the program accordingly.

Key Points: 
  • CloudMD has already implemented several of these initiatives and will continue to take the necessary steps to right-size its cost structure related to the program accordingly.
  • CloudMD continues to engage in discussions with the Ontario Government on how to continue to expand access to mental health services for all Ontarians.
  • CloudMD is transforming the delivery of healthcare using technology and by providing a patient-centric approach, with an emphasis on continuity of care.
  • CloudMDs business is separated into three main divisions: Clinics and Pharmacies, Digital Solution and Enterprise Health Solutions, the Companys fastest growing division.

New service available through LifeWorks iCBT to support employees suffering from burnout

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Monday, August 15, 2022
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LifeWorks, a global leader in digital and in-person wellbeing solutions, today launched its twelfth specialized internet-based cognitive behavioural therapy (iCBT) program, LifeWorks iCBT for employee burnout.

Key Points: 
  • LifeWorks, a global leader in digital and in-person wellbeing solutions, today launched its twelfth specialized internet-based cognitive behavioural therapy (iCBT) program, LifeWorks iCBT for employee burnout.
  • Complements other therapeutic modalities, such as short-term counselling available through employee and family assistance plans and traditional in-person support.
  • Employers can add LifeWorks iCBT to their existing mental health support services.
  • LifeWorks iCBT for employee burnout is available in Canada and the United States through the companys digital mental health platform.

CloudMD Reports Results of Evidence Based Study Proving iCBT as Highly Effective Treatment for Depression and Anxiety

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Monday, June 6, 2022
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VANCOUVER, British Columbia and TORONTO, June 06, 2022 (GLOBE NEWSWIRE) -- 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 the positive results of a comprehensive, evidence-based study on the outcomes of therapist assisted internet-based cognitive behavioural therapy (“TAiCBT”).

Key Points: 
  • The results of the study released have proved the effectiveness of TAiCBT treatment for depression and anxiety.
  • Conducted a comprehensive analysis of two years of data, representing 12,839 people who consented to treatment for symptoms of depression.
  • As shown in this study, CloudMDs TAiCBT has proven highly effective treatment for people with clinical levels (moderately severe and moderate) of depression and comorbid anxiety.
  • To access the full study, please click here: New study proves Therapist Assisted iCBT is a highly effective treatment for people with clinical levels of depression and comorbid anxiety .

LifeWorks iCBT Program to be offered through Johns Hopkins Balance program for mental health

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Tuesday, May 31, 2022
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Johns Hopkins will offer the LifeWorks internet-based cognitive behavioral therapy (iCBT) solution as a component of its Balance mental health program.

Key Points: 
  • Johns Hopkins will offer the LifeWorks internet-based cognitive behavioral therapy (iCBT) solution as a component of its Balance mental health program.
  • Participants in the Balance program will now have access to high-quality, virtual mental health services through the iCBT platform.
  • Balance from Johns Hopkins Medicine: quick, easily accessible mental health support
    Through its Balance program, Johns Hopkins HealthCare Solutions works with employers, providers and payers to address the mental health needs of their populations.
  • We are pleased to collaborate with Johns Hopkins HealthCare Solutions to provide even more mental health support options to Balance program members.

CloudMD Launches Kii Personalized & Connected Care, the New Brand Identity for its Transformational Integrated Health Services Offering

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Thursday, May 26, 2022
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Telemedicine services will be available through Kii in July, which provides an additional telemedicine offering embedded into CloudMDs integrated program offering.

Key Points: 
  • Telemedicine services will be available through Kii in July, which provides an additional telemedicine offering embedded into CloudMDs integrated program offering.
  • VANCOUVER, British Columbia, May 26, 2022 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) (CloudMD or the Company), a healthcare technology and innovative health services company transforming the delivery of care, is excited to announce the launch of Kii Personalized & Connected Care by CloudMD, the new brand identity for its integrated, health services offering.
  • The new Kii brand reflects a brand purpose of empowering individuals to take control of their health and plays off the word key ie.
  • The Kii brand promise is to provide connected care, which is the key enabler to an individuals health and wellbeing and ability to thrive.

Amwell Enhances Mental Health Offerings With New Comprehensive Behavioral Health Program

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Thursday, May 19, 2022
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Amwell (NYSE: AMWL), a digital care delivery leader, today announced the continued expansion of its ecosystem with the launch of the Amwell Comprehensive Behavioral Health Program , an evidence-based, comprehensive and scalable behavioral health solution that can be tailored to meet specific population needs across the full spectrum of care.

Key Points: 
  • Amwell (NYSE: AMWL), a digital care delivery leader, today announced the continued expansion of its ecosystem with the launch of the Amwell Comprehensive Behavioral Health Program , an evidence-based, comprehensive and scalable behavioral health solution that can be tailored to meet specific population needs across the full spectrum of care.
  • Scalable across large networks, the program provides access to much needed behavioral healthcare across in person, virtual and automated care settings.
  • The Amwell Comprehensive Behavioral Health Program combines the digital cognitive behavioral health programs of SilverCloud Health , the digital mental health company Amwell acquired last year , with virtual care provided by therapists and psychiatrists from Amwell clinical partner, Amwell Medical Group (AMG).
  • The Amwell Comprehensive Behavioral Health Program builds on the Amwell suite of behavioral health offerings and its commitment to evidence-based solutions across the care continuum.

Inkblot Therapy and Green Shield Association announce an additional $1M in complimentary therapy for women through Room For Her initiative

Retrieved on: 
Tuesday, May 3, 2022
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Room For Her is also offering an additional 1,000 complimentary counselling hours.

Key Points: 
  • Room For Her is also offering an additional 1,000 complimentary counselling hours.
  • In the past six months, Room For Her has enabled more than 7,000 women to access mental health support.
  • About Green Shield Holdings Inc.
    Part of the Green Shield Canada (GSC) group of companies, Green Shield Holdings Inc. is the primary company used to house subsidiaries.
  • Green Shield Holdings Inc. is itself a wholly-owned subsidiary of the Green Shield Association.

Sun Life increases donations, committing over $1.1 million to humanitarian relief efforts for those affected by the war in Ukraine

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Thursday, April 21, 2022
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As a result, Sun Life is providing free access to self-guided therapy to anyone in Canada struggling with mental health issues.

Key Points: 
  • As a result, Sun Life is providing free access to self-guided therapy to anyone in Canada struggling with mental health issues.
  • "Our hearts go out to the people of Ukraine, and everyone affected by this brutal invasion and war.
  • We remain deeply concerned about the humanitarian crisis in the region and the ongoing threat to global peace and stability," said Jacques Goulet, President, Sun Life Canada.
  • We hope that our additional donation will help the people of Ukraine affected by this crisis."

Amwell’s SilverCloud Health Launches Family Support Suite to Address a Wide Spectrum of Family Mental Health Concerns

Retrieved on: 
Monday, March 14, 2022
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Leveraging SilverCloud Healths unique and clinically-validated internet-based Cognitive Behavioral Therapy (iCBT), the programs deliver mental health careat scaleand support:

Key Points: 
  • Leveraging SilverCloud Healths unique and clinically-validated internet-based Cognitive Behavioral Therapy (iCBT), the programs deliver mental health careat scaleand support:
    Families just getting started: Perinatal needs affect the entire family.
  • In the midst of the current adolescent health crisis, we have seen particularly limited resources as it pertains to the availability of mental health professionals.
  • Today, SilverCloud is being used by over 500 organizations globally to meet their populations mental health needs.
  • The platform continues to lead the industry with its effectiveness, engagement and range of clinical programs that encompasses the spectrum of mental health needs.