Cloud DX Signs Contract with Heart Centre

Ontario hospital will use Connected Health™ for its Congestive Heart Failure program, complementing successful Perioperative RPM deployment

News in Summary

• Three-year contract provides RPM to Congestive Heart Failure patients
• The Connected Health™ platform replaces a current CHF telehealth program
• This is the 7^th contract the Company has signed to date in 2023

KITCHENER, ON / ACCESSWIRE / March 7, 2023 / Cloud DX (TSXV:CDX)(OTC:CDXFF), a leading health data platform, announces a new contract with a prominent Ontario health care organization specializing in heart health to establish a remote patient monitoring program for congestive heart failure (CHF) patients.

The company's state of the art Connected Health™ devices and data platform will replace the organization's current heart failure telehealth program. The 3-year contract aims to enroll congestive heart failure patients in a three-month remote monitoring program with up to 100 patients onboarded per month. The contract value is expected to be up to $171,000 CAD in first year.

In Canada, heart failure is one of the top reasons for hospitalizations, per the Heart and Stroke Foundation of Canada. CHF is often referred to as a ‘revolving door' condition since one in five heart failure patients will be readmitted to hospital within a month of being discharged. By 2030, healthcare costs associated with heart failure are expected to reach $2.8 billion per year, in Canada.

Cloud DX COO and Co-founder Anthony Kaul says "At Cloud DX we work with our customers to improve healthcare delivery, provide better care outcomes, and lessen the burden on our national healthcare system. Peer reviewed studies show our Connected Health™ platform successfully lowers hospital readmission rates. Coupled with reported 97% patient satisfaction scores, the remote monitoring for congestive heart failure patients provides high level specialized treatment along with peace of mind for chronically ill patients in their homes."

This contract was initiated with Cloud DX and its exclusive national partner, a global leader in healthcare technology. This is the third contract signed together since the announcement of said partnership. It follows the recent announcement of a new cardiac program in Ontario. This cutting-edge level of care offered by the two partners stands to directly impact over 1 million Canadians with life changing support and truly modern healthcare solutions. 

About Cloud DX

Cloud DX is on a mission to make healthcare better, for everyone. Clinics and hospitals across North America use our Connected Health™ data platform to incorporate remote and virtual technology in care delivery. Our remote monitoring solutions lets care teams virtually and efficiently monitor hundreds of patients; Patients use medical devices connected to our platform to take vital sign reading at home letting the platform securely transmits the data to the care team's dashboard or EMR. Connected Health™ supports remote vital sign monitoring, behavioral medicine, telehealth, care pathways for chronic care, aging in place, palliative or perioperative hospital-at-home, and more. Our customers achieve better healthcare and patient outcomes, reduce hospitalizations and readmissions, lower care delivery costs, and grow patient panels, revenue, and more.

Cloud DX is an exclusive partner to Medtronic Canada, Teladoc Health Canada, and Equitable Life of Canada.

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."

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

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SOURCE: Cloud DX Inc.