Cloud DX Signs Second Contract with Paramedical Service Provider for Remote Patient Monitoring

Rhea-AI Summary

Cloud DX (CDXFF) has secured a new contract with a Paramedic Service Provider in Ontario to enhance Remote Patient Monitoring (RPM) for local patients. The initiative is partly funded by the Ontario government's Paramedicine for Long-Term Care program. Cloud DX's Connected Health kits aim to reduce hospitalizations by enabling proactive healthcare delivery. COO Anthony Kaul emphasized the benefits of RPM in minimizing healthcare system strain and improving patient outcomes. Cloud DX continues to innovate in virtual healthcare, partnering with various healthcare providers across North America.

Positive

• New contract signed with a Paramedic Service Provider enhances RPM services.
• Partially funded by Ontario government's healthcare program, ensuring financial support.
• Cloud DX's Connected Health kits aim to reduce hospitalizations and improve patient outcomes.

Negative

• None.

Growing number of paramedical providers select Cloud DX as chosen Virtual Care Platform

KITCHENER, ON / ACCESSWIRE / April 19, 2022 / Cloud DX (TSXV:CDX)(OTCQB:CDXFF), a leading Virtual Care platform, announced a new contract with another Paramedic Service Provider in Ontario. The Paramedical has purchased Cloud DX's Connected Health™ kits and services to provide Remote Patient Monitoring (RPM) for patients in its community. Like other paramedical contracts, the program will be partially funded by the Paramedicine for Long-Term Care program announced by the Ontario government on October 22, 2021. The provider seeks to establish deeper roots in its southwestern Ontario community and maintain staffing and funding levels.

Cloud DX COO and co-founder, Anthony Kaul, states "Embedding Remote Patient Monitoring in communities helps many patients, not to mention the healthcare system overall. Patients enrolled in RPM program experience less exacerbations leading to hospitalization. Patients may experience flare ups, however with RPM paramedical or other healthcare professionals can quickly intervene, preventing hospitalizations, undue system stress, less emergency calls, and more. Working with leading paramedical providers are helping pave the pathway for this proactive healthcare delivery."

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 was named a "New Innovator 2022" by Canadian Business magazine. Cloud DX is an exclusive virtual care partner to Medtronic Canada and Equitable Life.

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For media inquiries please contact:
Janine Scott
Marketing Lead
888-543-0944
janine.scott@CloudDX.com

For investor inquiries please contact:
Jay Bedard
Cloud DX Investor Relations
647-881-8418
jay.bedard@CloudDX.com

SOURCE: Cloud DX Inc.

View source version on accesswire.com:
https://www.accesswire.com/698008/Cloud-DX-Signs-Second-Contract-with-Paramedical-Service-Provider-for-Remote-Patient-Monitoring

FAQ

What recent contract did Cloud DX sign for Remote Patient Monitoring?

Cloud DX signed a contract with a Paramedic Service Provider in Ontario to provide Remote Patient Monitoring services.

How is the new Cloud DX contract funded?

The contract is partially funded by the Ontario government's Paramedicine for Long-Term Care program.

What are the benefits of Cloud DX's Connected Health kits?

Cloud DX's Connected Health kits aim to reduce hospitalizations and improve patient outcomes through proactive healthcare delivery.

When was the Cloud DX contract announcement made?

The contract was announced on April 19, 2022.

What is the stock symbol for Cloud DX?

The stock symbol for Cloud DX is CDXFF.