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ARTICLE · 17 AUGUST 2020

Remote Health Solutions In Canada And Israel—Here To Stay

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Since COVID-19 hit, almost every aspect of our lives has been touched by the pandemic, including the way health care is provided. Remote health solutions...

CanadaCoronavirus (COVID-19)
Elad Travis
Elad Travis
Ted M. Shoub
Ted M. Shoub
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Since COVID-19 hit, almost every aspect of our lives has been touched by the pandemic, including the way health care is provided. Remote health solutions (aka digital health solutions, virtual care, telemedicine or telehealth) like remote diagnosis, remote monitoring, medical adherence and others have stepped in to address an urgent need. Innovative companies in Israel and Canada have been hard at work developing these kinds of solutions, creating opportunities for revolutionizing health care—all the while helping their investors profit during these challenging economic times.

Two very recent Canadian examples of such solutions providers who have successfully closed financings are virtual care and pharmacy tech startup MEDNOW.CA (raising C$6.5 million seed investment) and telemedicine and AI startup CloudMD (raising C$13 million), now trading on the TSX Venture Exchange. At the same time, many companies in this sector in Israel (which has been in the forefront of

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