Cloud DX Signs Primary Care Clinic Contract; Adds Alaska to US Footprint

Rhea-AI Summary

Cloud DX has expanded its presence in the U.S. by signing a contract with a primary care clinic in Alaska, increasing its total contracts to 25 this year. This collaboration highlights its focus on remote patient monitoring (RPM) solutions, particularly in rural areas. The company now operates across six states, including Michigan, Pennsylvania, and Massachusetts. CEO Robert Kaul emphasized the significance of this achievement, reflecting their growth strategy in the RPM market. Cloud DX aims to onboard patients at the new clinic by early 2022.

Positive

• Expanded U.S. presence with a new contract in Alaska.
• Total of 25 contracts signed year-to-date, a significant increase from 12 in 2021.
• Expertise in providing RPM services in rural environments.

Negative

• None.

With offerings in six states, Cloud DX grows its Remote Patient Monitoring patient base as it adds Alaskan clinic.

News in Summary

• This new clinic brings Cloud DX to 25 new contracts year-to-date and expands US footprint to 6 states.
• Cloud DX showcases its expertise in rural support for remote and virtual care

KITCHENER, ON / ACCESSWIRE / December 7, 2021 / Cloud DX (TSXV:CDX) (OTC:CDXFF), a leading digital health platform and remote patient monitoring solution provider expands coast to coast offerings in the United States of America. The company today announces a new contract with a primary care clinic in Alaska, USA, bringing Cloud DX offerings to six states, including Michigan, Pennsylvania, Massachusetts, Illinois, and Oregon. The new clinic is looking to implement Cloud DX's Remote Patient Monitoring (RPM) solution, called Connected Health™ to care for patients with chronic illnesses, offering improved monitoring services and proactive care while importantly addressing concerns around rural patient locations.

This contract joins other recent company announcements including the $12.8M CAD Continuous Connected Patient Care project, a significant share of the Ontario Paramedicine for Long Term Care market, and positive third quarter 2022 results.

CEO Robert Kaul stated "This agreement marks our 25th signed contract, up from 12 contracts in all of 2021. We're proud to say we're now officially "coast to coast" in the US. At Cloud DX we are experts in supporting remote patient monitoring deployments in isolated, rural environments. In Canada, our team delivers RPM services the most remote patients in the country, in Yukon Territory communities sometimes only accessible by air. This hard-won experience (putting the "remote" in remote patient monitoring) was instrumental in assuring our latest clinical partner that Cloud DX is capable of operating in the far north. The company is now training and onboarding clinic staff, and together we expect to begin enrolling RPM patients in the New Year."

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 

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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
519-455-7662
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.}

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https://www.accesswire.com/730666/Cloud-DX-Signs-Primary-Care-Clinic-Contract-Adds-Alaska-to-US-Footprint

FAQ

What recent development did Cloud DX announce regarding its operations in Alaska?

Cloud DX signed a contract with a primary care clinic in Alaska, expanding its footprint to six states.

How many contracts has Cloud DX signed in 2022?

Cloud DX has signed 25 contracts year-to-date in 2022.

What is the focus of Cloud DX's Remote Patient Monitoring solution?

The focus is on improving monitoring services and proactive care for patients with chronic illnesses.

Which states does Cloud DX currently operate in?

Cloud DX operates in Alaska, Michigan, Pennsylvania, Massachusetts, Illinois, and Oregon.

What is the expected timeline for onboarding patients at the new Alaska clinic?

Cloud DX expects to begin enrolling RPM patients at the new clinic in early 2022.