Community Paramedic Group Chooses Cloud DX to Launch RPM Program

Rhea-AI Summary

Cloud DX has secured its 8th contract with a community paramedic group in Ontario to implement a Remote Patient Monitoring (RPM) program for seniors, funded through the provincial government's Community Paramedicine for Long-Term Care (CPLTC) initiative. The contract, valued at up to $110,000 CAD, includes 75 Connected Health™ kits and will continue through March 2024. Feedback indicates that RPM can reduce hospital readmissions. Cloud DX has experienced remarkable growth, with a 233% year-over-year increase in contracts, including 5 new partnerships in 2023.

Positive

• New contract valued at up to $110,000 CAD for Remote Patient Monitoring.
• Feedback shows RPM reduces hospital readmissions.
• 233% year-over-year increase in new contracts.
• Secured 5 new contracts in 2023, demonstrating strong business growth.

Negative

• None.

8^th Paramedic Service Chooses Cloud DX to Launch RPM Program

Ontario paramedic group will offer Connected Health™ to vulnerable seniors awaiting long term care

News in Summary

• Funding provided through Ontario government CPLTC program
• Feedback from CPLTC participants show RPM reduces hospital readmissions
• This is Cloud DX's 8th Community Paramedicine contract to date

KITCHENER, ON / ACCESSWIRE / February 9, 2023 / Cloud DX (TSXV:CDX)(OTC:CDXFF), a leading health data platform announces a new contract with another Ontario Paramedic Service to bring remote patient monitoring (RPM) to seniors in the community.

The community paramedic group chose Cloud DX to provide Connected Health™ kits and remote monitoring services for its first ever RPM program after receiving funding through the Ontario government's Community Paramedicine for Long-Term Care program (CPLTC). The new contract will begin with 75 Connected Health™ kits plus services and has an estimated value of up to $110,000 CAD, running through March 2024.

The CPLTC program is fully funded by the provincial government to provide additional care for seniors in the comfort of their own homes before admission into long-term care. The program was piloted in October 2020 and is currently active in 33 communities. Early feedback from participating communities indicates reduction in rates of hospital admissions and an increased integration with primary care.¹

Cloud DX CEO and Founder Robert Kaul says, "We are committed to working with community paramedics across Canada to end so-called 'hallway health care'. Connected Health™ remote patient monitoring is designed to provide the very best in connected healthcare with a patient-first focus. In particular, the CPLTC program is a very innovative way to efficiently optimize scare healthcare resources. We hope to see this pioneering program replicated in other provinces soon."

This is the 8^th contract signed with Community Paramedics in Ontario and follows the recently announced 200% growth over four months at a previous Ontario Community Paramedicine program using Connected Health™, the Cloud DX RPM solution and data platform.

Cloud DX is pleased to have announced 5 new contracts so far in 2023, after announcing 28 new contracts and extensions in 2022, a 233% YoY increase in new business.

^{1 https://news.ontario.ca/en/release/1001022/ontario-expands-community-paramedicine-for- long-term-care-program}

About Cloud DX

Accelerating digital healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected HealthTM 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
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.

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FAQ

What is the value of the new Cloud DX contract with the Ontario paramedic service?

The new contract is valued at up to $110,000 CAD.

How many Connected Health™ kits will be provided under the new contract?

A total of 75 Connected Health™ kits will be provided.

What program is funding the Cloud DX RPM program?

The program is funded through the Ontario government's Community Paramedicine for Long-Term Care (CPLTC) initiative.

How has Cloud DX performed in terms of new contracts recently?

Cloud DX has reported a 233% year-over-year increase in new contracts and secured 5 new partnerships in 2023.

What benefits have been observed from the RPM program according to participant feedback?

Feedback indicates that the RPM program reduces hospital readmissions.