Today's News |
CloudMD Launches Online Prescription Renewals in the United States to Expand its Health Care Offerings
Monday, April 10, 2023Company Profile | Follow Company
Victoria, BC, April 10, 2023--(T-Net)--CloudMD Software & Services Inc. (TSXV: DOC), an innovative health solutions company transforming the delivery of care, has announced the launch of online prescription renewals through VisionPros.
Individuals in qualifying U.S. states can now renew their vision care prescriptions conveniently online. The inclusion of online prescription renewal is consistent with CloudMD's vision of providing navigation and coordination for individuals health and wellbeing needs.
This new service will provide the convenience and value individuals expect from their vision care supplier.
"We recognize that the ability to build long-term relationships with individuals requires us to be able to service all steps in the value chain. Providing online prescription renewals is an important offering to ensure that people are not overwearing their contact lenses. Prescription renewal is another example of how we are pushing forward our vision of building long-term relationships with individuals who require health and well-being services. It is important that people receive the personalized care that they need from all their healthcare services. We believe that by simplifying these healthcare decisions and reducing friction from the buying process we remove barriers, increase engagement, and improve health outcomes," said Nathan Lane, EVP, Health and Productivity Solutions and US Operations.
Karen Adams, President and CEO, Global Head, Enterprise Health Solutions, CloudMD
"The launch of online prescription renewal is a major step in improving the quality and scale of revenue generated from our online eyecare platform while providing greater efficiency and flexibility in a person's health care journey. To date the need to leave our ecosystem to get a prescription renewal has often resulted in the individual not completing their purchase. By adding this feature, we are decreasing churn and providing a mechanism to increase the lifetime value of a customer," said Karen Adams, CEO of CloudMD.
"This feature will enable our large customer base to provide their employees or individuals access to a service that not only provides contact lenses but can also provide eligible individuals with a prescription renewal an important part of a healthcare journey."
The global contact lens market size is valued at US$14.6 billion dollars growing at a compound annual growth rate of 4.3%1. According to Vision Council approximately 35% of buyers use the internet to purchase their contact lens with online stores expecting to have a higher compound annual growth rate than the wider industry.
About CloudMD Software & Services
CloudMD is an innovative North American healthcare service provider focused on empowering healthier living by combining leading edge technology with an exceptional national network of healthcare professionals. Every day, our employees and health care providers live our values of deliver excellence, collaboration, connected communication and accountability to solve complex health problems.
CloudMD' s industry leading workplace health and wellbeing solution, Kii, supports members and their families with a personalized and connected healthcare experience across mental, physical and occupation health. Kii delivers superior clinical health outcomes, consistent high engagement, and measurable ROI for payers such as employers, educational institutions, associations, government, and insurers. CloudMD is also a market leader in workplace absence management through data-driven prevention, intervention and return to work programs.
In addition, the Company sells health and productivity tools to hospitals, clinics, and other healthcare service providers to empower them to deliver better care. Visit www.cloudmd.ca to learn more about the Company's comprehensive healthcare offerings.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTS This press release contains "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws. Forward-looking statements in this press release include, but are not limited to, statements with respect to the impact and benefits of the transaction, the mailing of the information circular, anticipated timing for completion of the transaction and receiving the required regulatory, court and shareholder approvals. [ MORE ] |
Other Recent Company News |
|||||||||||||||||||
|