07:29:34 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Cloud Dx Inc
Symbol CDX
Shares Issued 90,689,274
Close 2023-07-24 C$ 0.11
Market Cap C$ 9,975,820
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Cloud Dx signs Connected Health contract

2023-07-24 11:52 ET - News Release

Mr. Anthony Kaul reports

CLOUD DX SIGNS RECORD-BREAKING 20TH CONTRACT, ON PACE TO DOUBLE SALES IN 2023

Cloud Dx Inc. has been awarded a competitive contract by a leading network of 12 primary care clinics in Western Canada to provide its Connected Health remote patient monitoring platform in the region.

This collaboration with primary care physicians will expand the availability of remote patient monitoring to seniors suffering from chronic illnesses such as heart failure, hypertension, COPD and diabetes. Over five million Canadians have been diagnosed with one or more of these conditions (Health Infobase Canada).

Published, peer-reviewed research proving that Cloud Dx technology improves patient outcomes, reduces ER visits, decreases the length of hospitalizations and significantly enhances the provision of care in rural communities contributed to this successful public tender.

The initial stage of the program will enroll up to 150 patients by prescribing Cloud Dx Connected Health kits, patient subscriptions and extensive support services at two locations. The client clinic network expects the deployment to grow across additional locations in the future as patient outcomes improve.

"We're honoured to be a partner in advancing health care in Canada and excited to see the positive impact that the expanded home monitoring program running on the Cloud Dx platform will have on the lives and health outcomes of the patients involved. This program will improve access to care and health equity within the region while driving efficiency into caring for some of the country's most complex and vulnerable patients," stated Anthony Kaul, co-founder and chief operating officer of Cloud Dx.

Underlining the accelerating growth in demand for virtual care and remote monitoring, Cloud Dx has now announced 20 new contracts or extensions in 2023 year to date, representing an impressive increase in sales and revenue compared with 2022.

About Cloud Dx Inc.

Accelerating digital health care, Cloud Dx is on a mission to make health care better for everyone. Its Connected Health remote patient monitoring platform is used by health care enterprises and care teams across North America to virtually manage chronic disease, enable aging in place and deliver hospital-quality postsurgical care in the home.

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