CloudMD Software & Services (CSE: DOC) is going mainstream in a big way. The company this morning announced an agreement with that of Save-On-Foods, Canada’s largest Western-based grocery and pharmacy retailer, and that of Pure Integrative Pharmacy, to pilot telemedicine kiosks in nine stores throughout British Columbia.
Under the non-binding letter of intent with Save-On and separately, Pure Integrative Pharmacy, CloudMD will see its telemedicine software and services offered free of charge to Save-On and Pure Integrative clients in nine B.C. based stores. The pilot will run for a period of six weeks beginning May 26, 2020, wherein telemedicine kiosks will be installed in existing private consult rooms at participating locations.
The telemedicine platform will enable patients to see a doctor for non-emergency health concerns as well as prescription refills in real time, on-site. After the visit is conducted the prescription can be submitted directly to the same pharmacy for fulfillment, with services being billed under provincial medical plans at no cost to the patient.
Additionally, in light of the ongoing coronavirus pandemic, CloudMD and Save-On-Foods have teamed up to provide home based telemedicine and delivery services of medications to at risk patients within BC. Patients unable to travel from their homes due to the pandemic, whether because of being at risk or currently self-isolating, can advise their CloudMD doctor that they require home delivery and Save-On-Foods will see its pharmacies manage both prescription fulfillment and delivery of the medication.
With over 170 stores across four provinces and one territory, Save-On-Foods is Canada’s largest Western-based grocery chain. Pure Integrative Pharmacy meanwhile has sixteen locations across British Columbia. Both are owned by the Jim Pattison Group, a Vancouver-based conglomerate which is Canada’s second-largest private company with multiple assets in the food, automotive, and media sectors.
CloudMD Software & Services last traded at $0.84 on the CSE.
FULL DISCLOSURE: CloudMD Software & Services is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover CloudMD Software & Services on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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