Mr. Robert Kaul reports

CLOUD DX SIGNS CONTRACT WITH HEALTH PEI TO PROVIDE REMOTE PATIENT MONITORING

Cloud Dx Inc. has signed a new contract with Health PEI, the provincial health authority for Prince Edward Island.

This agreement is the second contract to be executed by Cloud Dx after winning a competitive RFP (request for proposal) to become the sole vendor of RPM (remote patient monitoring) services through Mohawk Medbuy, a national, not-for-profit, shared services organization trusted by hundreds of Canadian hospitals and health care providers to drive value, efficiencies and cost savings on the supplies and services they use. The Cloud Dx/MMC master agreement was announced on June 21, 2023.

Health PEI is deploying Cloud Dx Connected Health RPM to patients through three high-priority use cases within the province. Primary care patients with chronic diseases such as congestive heart failure (CHF) and chronic obstructive pulmonary disease (COPD) will be prescribed Connected Health to help improve outcomes. Home care patients with chronic conditions receiving geriatric care or palliative care will receive Connected Health kits and services to reduce ER (emergency room) visits and hospital admissions. Rehabilitation patients will enjoy better care at home with targeted nursing care through Cloud Dx Connected Health telemedicine and vital sign monitoring features.

In this deployment, Cloud Dx Connected Health is replacing a previous vendor.

This new contract for Connected Health kits and remote care monitoring services will help PEI Health support up to 300 new patients annually and is valued at approximately $1.34-million over the full extended contract. Approximate costs to deliver the kits and services over that term are expected to be around $295,000.

The information management agreement with Health PEI was fully executed on Nov. 8, 2023, and this press release was approved on Dec. 13, 2023.

Andrew MacDougall, Health PEI's executive director of community health and senior care, said: "Health PEI evaluated the Cloud Dx Connected Health platform as part of the Mohawk Medbuy request for proposal (RFP) process prior to awarding this contract. We found that the Connected Health kit delivered to patients and the clinical portal used by our providers were both very user friendly and intuitive. Some features of Cloud Dx Connected Health that really stood out and differentiated the solution include Cloud Dx's support for ease of deployment, patient onboarding, compliance to care instructions and patient technical support. These services are expected to increase efficiencies in delivering care throughout the province."

Cloud Dx chief executive officer and founder Robert Kaul stated: "Cloud Dx is thrilled to add Prince Edward Island to our list of provincial and territorial health authority customers. Health PEI joins Alberta Health Services (AHS), Alberta PCN [primary care network], and Yukon Health & Social Services (YHSS) in deploying our award-winning Connected Health RPM platform to improve health outcomes and reduce costs for an entire province. As Canadian provincial health authorities commit to fully deploying homegrown, highly innovative technology platforms like Cloud Dx Connected Health, Canada is becoming a worldwide leader in 21st-century health care delivery. We are proud to be part of this growing movement to make health care better for all Canadians"

About Cloud Dx Inc.

Accelerating digital health care, Cloud Dx is on a mission to make health care better for everyone. The company's 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. The company's partners achieve better health care and patient outcomes, reduce the need for hospitalization or readmission, and reduce health care delivery costs through more efficient use of resources. Cloud Dx is the co-winner of the Qualcomm Tricorder XPrize, the winner of 2022 Top Innovator from Canadian Business, a 2021 Edison Award winner, a Fast Company World Changing Idea finalist and one of Canada's 10 most prominent telehealth providers. Cloud Dx is an exclusive partner to Medtronic Canada and Teladoc Health Canada.

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