Cloud DX Extends Contract with Ontario Hospital
Cloud DX (TSXV:CDX, OTC:CDXFF) has extended its contract with an Ontario hospital for its Connected Health™ platform and Remote Patient Monitoring (RPM) solution until October 2025. This marks the 27th agreement for Cloud DX in 2022, showcasing a 225% increase from the previous year. Studies indicate that the platform significantly reduces surgical readmissions by 5%, enhances patient satisfaction over 97%, and mitigates medication errors by 24%. Cloud DX continues to play a vital role in easing surgical backlogs while ensuring post-surgical patients can recover safely at home.
- Contract extension with Ontario hospital secured until October 2025.
- 27 contracts signed in 2022, a 225% increase from 2021.
- Studies show 5% reduction in surgical readmissions.
- Over 97% patient satisfaction reported.
- Reduces medication errors by 24%.
- None.
The Connected Health™ platform remains top choice for pre- and post-surgical patient monitoring
News in Summary
- Existing Ontario hospital contract extended until October 2025 for Cloud DX Connected Health™ platform and Remote Patient Monitoring (RPM) solution
- Connected Health™ kits are provided to surgical patients before surgery and up to 30 days following discharge
- Studies show that Cloud DX Connected Health™ reduces readmissions following surgery, improves anxiety, pain & vital sign trends, and establishes a closer connection between patient and care team.
KITCHENER, ON / ACCESSWIRE / December 20, 2022 / Cloud DX (TSXV:CDX)(OTC:CDXFF), a leading digital health platform, signs another contract extension with an existing Ontario hospital to continue its remote patient monitoring program for surgical patients until October 2025. This contract is the 27th signed agreement for Cloud DX in 2022 to date, an increase of
This hospital is one of eight acute care hospitals across Canada involved in a national post-operative virtual care study to remotely manage patients after surgery. Results revealed RPM prevented and resolved
Based in part on the successful outcomes of the research study and its own internal successes, the hospital has continued to purchase and utilize the Cloud DX Connected Health™ platform to provide remote patient monitoring to its surgical patients to reduce the length of stay and hospital readmissions following surgery.
Ontario hospitals are expanding the use of RPM to ease current surgical backlogs, EMS and ER strains, and other pressures within the province's healthcare systems. Remote patient monitoring lets patients recover safely at home with the comfort that they're being monitored for any changes in their condition. This is especially crucial in the first month following surgery when as many as 20 percent of patients return for emergency treatment.
"Cloud DX is incredibly committed to partnering with hospitals across Canada to reduce surgical backlogs and system strains," says Cloud DX CEO and Founder, Robert Kaul. "We know how remotely monitoring patients at home following surgery is effective at reducing the length of stay and hospital readmission rate. Our Connected Health™ platform and RPM solution provides post-surgical patients tremendous peace of mind while keeping hospital beds available for other patients, especially crucial now with the increase in COVID, flu, and RSV cases we're seeing this winter."
The company's health data platform, Connected Health™, also supports remote monitoring for patients with chronic diseases like COPD and chronic heart failure, as well as enabling remote care for wound care, palliative care, and mental health.
About Cloud DX
Accelerating digital healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health™ 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, 2022 Top Innovator by Canadian Business, a 2021 Edison Award winner, a Fast Company "World Changing Idea" finalist, and one of "Canada's Ten Most Prominent Telehealth Providers." Cloud DX is an exclusive partner to Medtronic Canada, Teladoc Health Canada, and Equitable Life of Canada.
For more information on Cloud DX (TSXV:CDX), visit www.CloudDX.com and follow @CloudDX on Twitter or LinkedIn.
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.
Media Contact
Janine Scott
Marketing Lead
888-543-0944
Janine.Scott@CloudDX.com
Investor Relations Contacts
Canada
Jay Bedard
647-881-8418
Jay.Bedard@CloudDX.com
USA
Gary Zwetchkenbaum
516-455-7662
IR@CloudDX.com
Forward Looking Statements
This news release contains forward-looking statements and information within the meaning of applicable securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release. In particular, this news release includes certain forward-looking statements concerning the advancement of the Company's business and partnerships, the expected proceeds therefrom, regulatory approvals, as well as management's objectives, strategies, beliefs and intentions.
Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, the Company's the ability of the Company to fulfill the terms of and derive the benefits from the contract extension.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.
SOURCE: Cloud DX Inc.
View source version on accesswire.com:
https://www.accesswire.com/732550/Cloud-DX-Extends-Contract-with-Ontario-Hospital
FAQ
What is the significance of Cloud DX's contract extension with the Ontario hospital?
How many contracts has Cloud DX signed in 2022?
What percentage reduction in surgical readmissions has Cloud DX's platform achieved?
What is the patient satisfaction rate for Cloud DX's services?
How does Cloud DX's Connected Health™ platform improve patient outcomes?
