XTM Partners with CloudMD to Offer Virtual Health Care Including Mental Health Support to its Today Program™ for Service Workers

By HRTech Specialist Last updated May 15, 2023

XTM a Miami and Toronto-based Fintech creator of disruptive payment innovations and mobile solutions specifically for service industries including hospitality, personal care and service staff announced that the Company closed a partner agreement with Virtual Health Care Provider CloudMD Software & Services (“CloudMD”), enabling them to offer on-demand health care and mental health support to their 200,000 Today Program members.

“We are committed to helping to inspire today’s service workers”

The Company notified employers of the offering via an internal message yesterday and had opt-ins of 70 locations representing close to 5,000 service workers. Individual members will also have the opportunity to opt-in directly through their Today Financial app.

“We are committed to helping to inspire today’s service workers,” said Marilyn Schaffer, XTM, CEO. “Financial wellness is closely linked to physical and mental wellness and to this end, we are thrilled to add virtual health care to our portfolio of inspirational offerings. Helping reduce absenteeism, improve productivity and lessening the anxiety associated with waiting in a walk-in clinic, for example, with your child while you’re supposed to be on-shift are all benefits we want the Today employer and member to embrace. We worked hard to find a partner that would support the mental health aspect of wellness, and enable us to offer this for a small monthly fee that is less than many people spend on a single latte. We found that in CloudMD.”

“Our partnership with XTM will enable us to empower their members to lead healthier lives,” said Adam Kelly, EVP & Chief Commercial Officer of CloudMD. “We know the traditional healthcare system is strained, and through our EAP and telemedicine programs, we can offer faster time to care for both personal and medical challenges. Service industry workers face difficulty in accessing care due to their changing and irregular work shifts. There’s no need for them to spend weeks waiting for a General Practitioner (“GP”) appointment.”

The new partnership will enable large chains, individual locations, or individual workers to opt-in at an attractive per-member, per-month cost, enhancing the value of being an XTM member and improving health, wellness, and productivity of participating organizations.

HR Technology News : HR Technology News : HR Technology Highlights – HR Tech Daily Round-Up For 12th May 2022

[To share your insights with us, please write to sghosh@martechseries.com]