TerrAscend (CSE:TER) announced an agreement with MDM Insurance Services for the creation of a program for medical cannabis coverage.
As quoted in the press release:
Under the terms of the agreement, MDM and the Company, agree to develop a Case Management and Education Services Program through Solace Health Network. The collaboration will develop suitable programs for group benefit beneficiaries using or considering the use of medical cannabis. MDM will actively promote the program offering among its group benefit plan beneficiaries for patient reimbursement/coverage, patient assessment and enrollment, workflow and reporting mechanisms. Solace Health Network will provide navigation services for patient assessment, through either an in-clinic or a private telehealth visit at a patient chosen location.
The agreement will also provide for the establishment and implementation of a research framework to further understand the impact of medical cannabis on medication utilization.
“TerrAscend and Solace Health Network represent opportunity and choice for patients that may benefit from cannabinoid therapy. Working with MDM on a program to provide patient education, assessment, reimbursement and additional services, will facilitate the appropriate integration of medical cannabis as an option to aid patients,” shared Dr. Michael Nashat, TerrAscend’s president [and] CEO. “Additionally, we are looking forward to establishing a credible body of evidence to guide innovation and the future of medical cannabis.”