CloudMD Shares Results of Ontario Therapist Assisted Internet Delivered Cognitive Behavioural Therapy Program

The new research validated the faster access to care and better health outcomes provided by the program

VANCOUVER, British Columbia, July 06, 2023 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), an innovative health services company transforming the delivery of care, today released the findings of a research report on the health outcomes delivered by CloudMD Therapist-Assisted Internet-Delivered Cognitive Behavioural Therapy (MindBeacon) program (“TAiCBT”) which was offered to the public of Ontario as part of the government’s pandemic response. This program is digitally delivered to help treat prevalent mental health challenges, including mood and anxiety conditions.

By eliminating barriers to care - including time to treatment, accessibility, and stigma – CloudMD’s TAiCBT program, MindBeacon, met the needs of some 65,000 Ontarians during the COVID-19 pandemic, thanks to the support from the Ontario government. This initiative provided innovative made-in-Canada virtual services that served as an effective and economical model for the rest of the country.

Key highlights from the report include:

• Faster time to treatment – average time to start treatment of five days compared to weeks or months.
• More flexible access to care – 90% of patients engaged outside traditional office hours
• Cost effective – TAiCBT is 1/5^th the cost of traditional treatment.
• Health Outcomes with effective treatment for all ages, genders, protocols and symptom severities - 60% of patients with clinically severe depression symptoms experienced reliable symptom improvement.
• Improvements in Health equity - 32% of patients identify as racialized persons reflecting the diverse population of Ontario.
• Effective for first time treatment - 51% of patients were new to therapy and accessed support for the first time.

“The pandemic shone a light on the prevalence of mental health challenges in Canada. Our made-in-Ontario digital mental health program, MindBeacon, had a positive impact on over 60,0000 Ontario citizens’ lives who would otherwise have struggled to access support during a time when they needed it most. For many, this was their first opportunity to access treatment in a way that was barrier-free, affordable, and effective,” said Karen Adam, CEO of CloudMD. “This research supports our ability to ensure access to clinically validated programs that improve the health and well-being of individuals and deliver positive health outcomes. Employers are concerned about the rising costs of mental health, and this research will be shared across North America with employers, insurers, Advisors, and healthcare practitioners as they struggle to find solutions for the treatment of mental health that creates engagement and effective treatment.”