Cloud DX Delivers on Expansion Plans into Indiana

Rhea-AI Summary

Cloud DX (CDXFF) announces the onboarding of patients through Anew Home Health as part of its Maxwell Telecare expansion into Indiana. This partnership aims to enhance care delivery to 25,000 patients covered by Medicare or private insurance. Notably, Maxwell Telecare reports a 9.4x annual return on investment from its services. The initiative focuses on reducing re-hospitalizations and improving patient outcomes through Remote Patient Monitoring (RPM). The company is set to hold an investor meeting on December 8, 2021, to discuss future revenue streams.

Positive

• Successful onboarding of patients through Anew Home Health in Indiana strengthens corporate partnerships.
• Maxwell Telecare claims a 9.4x annual return on investment for clients, highlighting operational efficiency.
• Expansion into Indiana increases service accessibility for 25,000 patients.

Negative

• None.

Announcing onboarding of patients with Anew Home Health, delivering on its Maxwell Telecare plans

News in Summary

• Fulfilling expansion plans into Indiana, part of its Maxwell Telecare partnership plan
• Deepening access into its 25,000 patients, covered by Medicare or private insurance
• Client experiences 9.4x Annual Return on Investment

WATERLOO, ON / ACCESSWIRE / November 30, 2021 / Cloud DX (TSXV:CDX) (OTCQB:CDXFF), Cloud DX, a leading Virtual Care platform in North America, strengthens its partnership with Maxwell Telecare delivering on the its plan to deploy at Anew Home Health in Indiana. After a period of training and onboarding with its staff, Maxwell Telecare client, Anew Home Health begins to deploy Cloud DX's Connected Health^TM to patients, for reimbursed Remote Patient Monitoring (RPM). This latest traction follows previously successful client RPM deployments at Northwest Pulmonary, Meadowbrook Care Center, Homecare Associates (HCA), and The Landings of Minnetonka, IL.

Dr. Andrew Rosenson, Founder and CEO of Maxwell, states: "Maxwell Telecare is embedding a first line of connected intelligence right into each of our facilities. Cloud DX is vital for diagnostics, providing our medical staff and physicians with the information they need make better care decisions quickly." As Maxwell Telecare prevents up to 80% of re-hospitalizations through its on-site doctors and onsite staffer, in turn building better patient outcomes. Dr. Rosenson continued, "By preventing patients from returning to hospital post-acute care facilities, providers can realize a 9.4X annual return on investment."¹

"As we successfully execute on each deployment, we look forward to supporting more patients served by Maxwell. Adding Connected Health, Maxwell has supported its patients by providing tools to improve diagnostic decision making, improve patient outcomes, all while creating efficiencies and savings," says Robert Kaul, CEO and Founder of Cloud DX. "Patients are monitored with an ease of care escalation, in turn less emergent care visits or hospital admissions, enabling longer and better care at home, where they're comfortable, and now - cared for."

Cloud DX's upcoming investor meeting is set for noon on December 8, 2021. You can register here. Leadership will discuss Virtual Care as a Platform and associate revenue streams.

^Footnotes:

¹Return on investment calculations are based upon Maxwell Telecare internal financial estimates.

About Cloud DX

Accelerating virtual healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health ^TM remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company "World Changing Idea" finalist, and one of "Canada's Ten Most Prominent Telehealth Providers."

Cloud DX Investor Site https://ir.clouddx.com/overview/default.aspx

^{Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.}

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For media inquiries please contact:

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Jay Bedard
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SOURCE: Cloud DX Inc.

View source version on accesswire.com:
https://www.accesswire.com/675233/Cloud-DX-Delivers-on-Expansion-Plans-into-Indiana

FAQ

What is the recent news about Cloud DX and Anew Home Health?

Cloud DX has announced the onboarding of patients at Anew Home Health, enhancing its partnership with Maxwell Telecare in Indiana.

How does Maxwell Telecare impact patient care?

Maxwell Telecare claims to prevent up to 80% of re-hospitalizations, improving patient outcomes through connected health technologies.

What investment returns can clients expect from Maxwell Telecare?

Clients experience a reported 9.4x annual return on investment from using Maxwell Telecare's services.

When is the upcoming investor meeting for Cloud DX?

Cloud DX's investor meeting is scheduled for noon on December 8, 2021.

How does Cloud DX's technology support patient monitoring?

Cloud DX's Connected Health platform provides Remote Patient Monitoring (RPM), allowing for better diagnostic decision-making and patient care.