With the pandemic showing no signs of slowing, demand for telehealth is only picking up momentum. In fact, according to Hill Fegurson, CEO of Doctor on Demand, as noted by Axios, “The coronavirus pandemic has created unprecedented opportunities for growth in the telehealth industry, including treating mental health and chronic conditions,” adding, “With everyone being used to living in a pandemic ... using telemedicine to get care has become the norm.” In addition, nowadays, far more people are embracing telehealth.
In fact, according to a recent survey from healthinsurance.com, more than 60% of Medicare-eligible seniors say they’re now using the technology. Plus, according to a recent survey from Metova, “80%, if given the option, would choose telemedicine for their next medical appointment, 79% have wanted to connect with a medical professional using video conferencing and 93% were either satisfied or very satisfied with their telemedicine experience. That’s creating big opportunity for companies such as CloudMD Software & Services Inc. (TSXV:DOC) (OTCQB:DOCRF), Teladoc Health Inc. (NYSE:TDOC), Livongo Health Inc. (NASDAQ:LVGO), CVS Health Corp. (NYSE:CVS), and WELL Health Technologies Corp. (OTC:WLYYF)(TSX:WELL).
CloudMD Software & Services Inc. (TSXV:DOC)(OTCQB:DOCRF) BREAKING NEWS: CloudMD Software & Services Inc., a telehealth company seeking to revolutionize the delivery of healthcare to patients, is pleased to announce the launch of a new service: CloudMD On Demand, an online, virtual care service for companies, insurers and pharmacies to offer their customers easier, more convenient access to virtual telemedicine.
CloudMD On Demand aims to provide turnkey and readily accessible virtual healthcare options to enterprise level partners. Through the offering, CloudMD develops a white-labeled, customizable landing page where individuals can get access to a doctor on demand for non-emergency medical appointments. This offering is especially important for employers, insurance providers and pharmacies, who have been instrumental in the development of this service. In addition, corporations with e-commerce websites can streamline the process for customers to see a doctor online and refill a prescription for pick up at a pharmacy location of their choice, or have it delivered directly to their doorstep.
CV-19 has increased the need for access to care through digital platforms, and employers are looking for evidence based, outcome-oriented solutions that will offer virtual healthcare for employees and their family members. Equally important is that the healthcare provided virtually, is delivered by physicians with the same level of patient care compared to an in person visit in a clinic.
CloudMD uses public healthcare resources to ensure the highest quality of care and treatment plans for patients. The availability of the on-demand service is important for partners to continue managing the wellbeing of their customers and employees. The on-demand platform also eliminates the disruption in continuity of care caused by limited healthcare resources due to the pandemic. Patients are able to receive cost effective and efficient care, while empowering them to take control of their healthcare.
The on-demand appointment booking will allow patients to skip the process of selecting an appointment time and instead opt to “See A Doctor Now” joining a queue in the clinic’s virtual waiting room. The landing page may include CloudMD branding, targeted marketing information, the partners branding, and a direct link to “See A Doctor Now”. The landing page may be accessed either directly through benefits administration platforms and company websites, or a QR code found at partner locations.
Dr. Essam Hamza, CEO of CloudMD commented, “Virtual care is the great equalizer and we are excited to be able to extend our telemedicine offerings to our enterprise partners and clients enabling them to provide better healthcare services to their customers and employees. CloudMD On Demand offers an easily accessible, efficient way for patients to see a doctor online when they need to.” He continued, “We are now able to provide our partners in person telemedicine kiosks and online white-labeled telemedicine links. One key advantage for our pharmacy partnerships is patients will now be able to see a doctor online for prescription refills from their home and either pick up the prescription at the pharmacy of their choice, or have it delivered directly. Providing that level of service is incredibly important to us and is valuable to corporations, insurance providers and pharmacies to ensure exceptional customer service.”
Other related developments from around the markets include:
Teladoc Health Inc. (NYSE:TDOC), the global leader in virtual care, is providing free, 24/7 general medical telehealth visits to residents, first responders and others directly impacted by the western fires currently devastating many parts of California, Oregon and Colorado. Individuals who have been displaced or who cannot access medical care as a result of the wildfires can seek treatment from a board-certified, state licensed physician for any non-emergency illness by calling Teladoc directly at 855-225-5032. With the pandemic presenting an additional health risk, its vital that those impacted know they have immediate access to care in their time of need. “Natural disasters strain communities and health care delivery. This wildfire season is more complicated with an active pandemic still a very real health threat throughout the nation,” said Dr. Lewis Levy, FACP, chief medical officer, Teladoc Health. “Residents from evacuated areas must be vigilant to follow best practices to stay healthy. Virtual care is a proven solution that supports community health during these times, especially when healthcare facilities and providers may also be affected and unable to provide care for residents.”
Livongo Health Inc. (NASDAQ:LVGO), the leading Applied Health Signals company empowering people with chronic conditions to live better and healthier lives announced financial results for its second quarter ended June 30, 2020. “Livongo entered 2020 with significant momentum and our strong results continued during the second quarter,” said Zane Burke, Chief Executive Officer of Livongo. “Innovative employers and health plans are choosing Livongo due to our leading Consumer Directed Virtual Care model and our ability to deliver significant clinical and financial improvements through a one-to-many approach. As we experience the further adoption of virtual health and remote monitoring technologies as the new standard of care, Livongo continues to build on its leadership position.”
CVS Health Corp. (NYSE:CVS) company, Aetna announced its 2021 Medicare offerings, featuring increased integration with CVS Health; expanded and differentiated Medicare Advantage plan options, including HMO and Dual Eligible Special Needs Plan offerings in new states; new Aetna Medicare Eagle plans designed especially for Veterans; and the lowest premium standalone prescription drug plan product in all 50 states and D.C. A pioneer in the Medicare industry, Aetna has served Medicare beneficiaries since 1966, when it paid the nation's first Medicare claim. Aetna now serves nearly 9.2 million Medicare members nationwide. "Now more than ever, it's important for older adults to focus on their total health body, mind and spirit," said Christopher Ciano, president of Aetna Medicare. "To help members improve their health, we expanded our Aetna Medicare Solutions portfolio of products to include new plans and benefits designed to make care more affordable and convenient. As part of CVS Health, we're bringing care closer to home and making more meaningful connections that help our members age actively on their path to better health."
WELL Health Technologies Corp. (OTC:WLYYF)(TSX:WELL) a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, is pleased to announce the launch of apps.health, a digital health app marketplace and innovation hub that connects digital health technology companies and software developers to the WELL network of over 2,000 primary healthcare clinics and 10,000 physicians. WELL intends on collaborating with digital health application developers to market and promote the features and benefits of their products and services to clinics and physicians, and by doing so accelerate adoption and enable improved healthcare experiences for both physicians and patients. “To our knowledge apps.health is the first comprehensive offering of a digital health marketplace for EMR integrated apps in Canada that allow digital health software and technology companies to showcase their capabilities and provide a call to action,” said Hamed Shahbazi, Chairman and CEO of WELL. “Our objective with apps.health is to provide an environment where clinicians and app publishers can meet and transparently discover opportunities to modernize and digitize practices across the country.”
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