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Bullboard - Stock Discussion Forum 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,... see more

TSXV:MDX - Post Discussion

Medx Health Corp > Life Saving Technology Languishing
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Post by Redrum180 on Sep 25, 2021 1:17am

Life Saving Technology Languishing

It's time for MEDX to push to get this technology out there.  I  don't quite understand how the product is approved in Canada, NZ and other places, only to wind up on the shelf.  

     My assumption is it's only covered if doctors use it.  Correct me if I'm wrong. 

     If that's the case, couldn't Canadian dermatologists -- who I understand are in short supply and may not be able to see patients as soon as they'd like -- license physician assistants to screen folks with suspicious moles?  Wouldn't that make the procedure covered by Health Canada?

     I would appreciate your comments a/o corrections.
Comment by Insightful1 on Sep 25, 2021 8:53am
Canada is made up of 13 different healthcare systems each with its own rules around telemedicine. So take Ontario, a GP or Nurse Practioner must refer the patient to a Dermatologist in order for a consult to be paid for by the government. There is no money in that model for MedX. So patients will wait 2 years to see a Derm rather than pay to see a Derm. GP's are really bad at identifying most ...more  
Comment by hopefull on Sep 25, 2021 4:32pm
Thanks for the detailed explanation. Does explain the reluctancy for Canadian pharmacy chains to jump on board. Sad lives here in Canada seem not to matter. Hope somewhere in the world this technology will be adopted in large formats. Doesn't seem like this will attract the kind of results we were hoping for so many years ago.
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