Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Firm Partners with Canada's Largest Western Grocery Chain and Leading Community Pharmacy to Pilot In-Store Virtual Patient Care
News Update

Share on Stocktwits


CloudMD announced that it is partnering with Save-On-Foods grocery stores and Pure Integrative Pharmacy to pilot on demand, integrated virtual patient care through telemedicine kiosks placed in pharmacies' existing consult rooms.

In a news release, CloudMD Software & Services Inc. (DOC:CSE; DOCRF:OTCQB; 6PH:FSE) announced that "it has entered into a non-binding Letter of Intent with Save-On-Foods and separately with Pure Integrative Pharmacy to pilot telemedicine kiosks in nine stores throughout British Columbia."

The company advised that for a period of six weeks beginning May 26, 2020, it will offer its telemedicine services free of charge to clients of both Save-On-Foods and Pure Integrative Pharmacy in participating British Columbia locations. The firm indicated that telemedicine kiosks will be installed in existing private consult rooms where patients will be able to see a doctor on-site in real time to discuss non-emergency health concerns and for prescription refills. After the virtual appointment is finished, the physician can submit any prescriptions directly to the same pharmacy to be filled, and the services and medications will then be eligible for billing under provincial medical plans.

CloudMD explained that Save-On-Foods is Canada's largest Western-based grocery chain with over 170 stores and that Pure Integrative Pharmacy is a leading independent pharmacy with 16 B.C. locations.

The company stated that it is also joining forces with Save-On-Foods to provide home-based telemedicine and Rx deliveries to at-risk, self-isolated B.C. patients. The firm said that patients have the capability to notify a CloudMD doctor that they require home delivery of their medication and Save-On-Food's pharmacies will process and deliver the order as requested.

"Our priority is providing patients with innovative, accessible healthcare when and where they need it and in doing so, integrating the pharmacist into their team-based care. The initial paid pilot program is the first phase of our kiosk implementation and will hopefully lead to long term, mutually beneficial relationship with Save-On-Foods and Pure Integrative Pharmacy," Dr. Hamza added.

CloudMD is headquartered in Vancouver, B.C. and offers software based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). The firm states that its healthcare ecosystem includes 376 clinics with access to more than 3,000 licensed practitioners and that nearly 3 million patient charts and health records are accessible to authorized users on its servers.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with CloudMD Software & Services Inc. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of CloudMD Software & Services Inc., a company mentioned in this article.
6) This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

Want to read more about Technology and Healthcare Services investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe