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Medx Health Corp V.MDX

Alternate Symbol(s):  MDXHF

MedX Health Corp. is a medical device and software company. It develops and manufactures skin-related screening tools and phototherapy devices for pain relief and tissue repair. It focuses on skin health with its SIAscopy on DermSecure telemedicine platform, utilizing its SIAscopy technology. SIAscopy is a medical device technology that is used to scan skin for suspicious moles and lesions and, including DermSecure, its telemedicine software application, and phototherapeutic medical devices, which use light energy in lower-level laser and light-emitting diode to provide treatment of pain and tissue damage in the rehabilitation market. Its products SIAMETRICS, SIMSYS, and MoleMate include hand-held devices that use patented technology utilizing light and its remittance to view up to two millimeters beneath suspicious moles and lesions in a pain free, non-invasive manner. Its SIAscopy on DermSecure telemedicine platform enables the Web-based operation of its SIAscopy scanning technology.


TSXV:MDX - Post by User

Comment by Insightful1on Sep 16, 2021 11:28pm
175 Views
Post# 33875922

RE:RE:RE:RE:Mike's Presentation

RE:RE:RE:RE:Mike's Presentation

That is very good observation. Canadians are slowly willing to pay for value added services but generally they have been led to believe healthcare is or should be free. That is only true if you never pay any taxes in Canada.

The telehealth model in Canada is you can wait two years and possibly die from a condition waiting to see a specialist or pay a small fee and have an immediate assessment of your condition.The belief is people will pay the small fee for piece of mind. This seems reasonable and if people wish to wait they have that option. In a lot of markets once you can prove the early assessments save the system money the private insurers step in and cover the fee. The Health Spending Account in a good insurance plan is an example of this and I am sure MedX is working on that.
In the Netherlands the service is covered under their National Insurance Plan. That is a model that can be adopted in many jurisdictions and why the numbers today were important. 200 potential melanomas detected in the Netherlands already. That is a great start. 

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