Cloud DX Launches First Remote Monitoring Program for Type 2 Diabetes Patients
Cloud DX has launched its first Remote Patient Monitoring (RPM) program for Type 2 Diabetes patients in partnership with a leading Ontario health organization. The program aims to enroll 100 patients, potentially generating $48,000 CAD annually in recurring revenue. Utilizing the Connected Health™ platform, it will streamline diabetes management, providing real-time monitoring of blood sugar levels and automated alerts for patients and healthcare providers. This initiative aligns with the American Diabetes Association's encouragement of virtual care and aims to enhance patient outcomes through better disease management.
- Launch of RPM program for Type 2 Diabetes, expanding service offerings.
- Potential to generate $48,000 CAD in recurring revenue from 100 enrolled patients.
- Use of Connected Health™ platform can enhance patient engagement and monitoring.
- None.
Customer grows its Connected Health™ RPM offerings, adds Cloud DX Diabetes care pathway to its existing Palliative RPM program
News in Summary
• Leading Ontario health organization to launch Diabetes RPM program
• Program aims to achieve a volume of 100 users this year
• RPM is well suited for Diabetes Type 2 Management
KITCHENER, ON / ACCESSWIRE / February 22, 2023 / Cloud DX (TSXV:CDX)(OTC:CDXFF), a leading health data platform, has announced the launch of its first Remote Patient Monitoring (RPM) program for Type 2 Diabetes patients. The customer is a leading Ontario healthcare organization and current Cloud DX client.
The new program aims to introduce Remote Patient Monitoring into the well-established Diabetes Management program at an Ontario family health organization. The program will use existing remote care monitoring (RCM) tools to augment/replace manual data collection activities within the existing patient population. Upon reaching their goal of enrolling 100 patients, the account would generate up to
Using the Cloud DX Connected Health™ platform, this program will deliver a single RPM environment for all healthcare providers. Dedicated diabetes management resources are currently in place at in-scope clinics and will continue to provide guidance and clinical oversight for Type 2 Diabetes patients. The program will support both full Connected Health™ kits and a ‘bring your own device' (BYOD) option. Kits that include cellular tablets are designed to ‘just work' right out of the box, which is a great user experience for older patients - meanwhile younger patients are often comfortable pairing Cloud DX devices with their own phone or tablet. BYOD deployments generally offer higher margins, a Cloud DX focus for 2023.=
Connected Health™ allows for unlimited periodic monitoring of blood sugar levels and provides access to data that can help patients better understand and control their disease. Automated notifications inform individuals and their healthcare providers when blood sugar levels fall outside a specific range, helping them quickly identify and address potential problems. Targeted, customized surveys will allow for easy assessment of patients' symptoms, behaviour patterns and well-being.
Cloud DX COO and co-founder Anthony Kaul says, "Cloud DX's Connected Health™ RPM program for Type 2 Diabetes patients is a significant step forward in providing patients with the tools they need to manage their disease effectively. Connected Health™ will help individuals with type 2 diabetes better understand and control their disease, leading to better blood sugar control, fewer complications, and a better quality of life."
Diabetes patients respond well to virtual care, which is encouraged by the American Diabetes Association. Improved outcomes rely on patient-generated health data (PGHD) and a health-coaching approach to behavior management, both of which can be used at a distance.
About Cloud DX
Cloud DX is on a mission to make healthcare better for everyone. Clinics and hospitals across North America use our Connected Health™ data platform to incorporate remote and virtual technology in care delivery. Our remote monitoring solutions let care teams virtually monitor hundreds of patients; Patients take vital signs at home with intelligent medical devices which transmit the data to the care team's dashboard or EMR. Connected Health™ supports remote vital sign monitoring, behavioral medicine, telehealth, care pathways for chronic care, aging in place, palliative or perioperative hospital-at-home, and more. Our customers achieve better healthcare and patient outcomes, reduce hospitalizations and readmissions, lower care delivery costs, and grow patient panels, revenue, and more.
Cloud DX is an exclusive partner to Medtronic Canada, Teladoc Health Canada, and Equitable Life of Canada. 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."
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SOURCE: Cloud DX Inc.
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FAQ
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