Company
CVE:CDX
Cloud DX Inc is disrupting the healthcare market with homegrown solutions. The company provides remote patient monitoring hardware, software and recurring revenue services in a low-friction, reimbursable transaction model, coupled with a sales strategy that is driving rapid adoption among North American healthcare providers. Its Cloud DX Connected Health products were invented and developed in Toronto, Canada and are used by healthcare enterprises and care teams across North America to remotely manage chronic conditions, enable ageing in place and deliver hospital-quality post-surgical care in the home. Cloud DX’s Connected Health platform monitors and reports on physiological data including heart and respiratory rate, blood pressure, oxygen saturation, weight, temperature, and blood glucose levels, along with condition-specific surveys, wound care and connection to the patient via two-way messaging and video visits.
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Cloud DX told shareholders that the partnership gives it the ability to expand its reach and breadth of services by offering an RPM platform that is currently one of the most widely used in North America
The service provides Oxford County, Ontario seniors and those with chronic illnesses with extra care in their homes
The North American disruptor in virtual care said it plans to use the net proceeds for inventory and general working capital purposes
Cloud DX CEO Robert Kaul will introduce new technologies, including the company’s patented AcuScreen Cough Analysis app for detecting tuberculosis at the high-profile event
"Combining our expertise in remote and virtual care with CBI Health's professional and personal healthcare services, hospitals can discharge patients earlier with confidence," said Cloud DX CEO and founder Robert Kaul
“His experience brings tremendous leadership in the medical field and a track record of advising high-growth medical technology companies, making him a perfect fit for Cloud DX at this stage of our growth," the company's CEO Robert Kaul sai
The company said it signed or extended 19 new commercial contracts as of June 30, 2022, an increase of 158% compared to contracts/extensions signed in all of 2021
The partnership will enable the use of Teladoc Health's Solo virtual care software on Cloud DX's remote patient monitoring platform Connected Health to create a more efficient and more satisfying patient and provider experience
“With active patient onboarding in nine states, this Michigan contract further deepens Cloud DX's US roots,” the company said
This total is inclusive of $895,014.92 in gross proceeds received from the lenders under the company's secured loan announced on April 26, 2022, representing the total amount of principal and accrued interest previously outstanding under th
The company secured 15 new US contracts and 17 new Candian contracts during the program
Cloud DX said an Ontario County paramedic service has selected its Connected Health Platform to introduce remote patient monitoring to the community
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The company said it intends to use the net proceeds of the offering for inventory and general working capital purposes
In 1Q 2022, the North American provider of virtual care and remote patient monitoring solutions reported total revenue of $337,263 compared to $302,844 in the same year-ago quarter
"Using our Connected Health solution, Peterborough Paramedic teams will improve the lives of community members: from supporting those with chronic conditions, conducting in-person hospital discharge follow-ups after, checking on those manag
Subscription revenue increased 23% from 2020 to nearly $370,000 in 2021
"We've doubled our adoption rate across the US clinic from last year, in just a few months,” said the company’s founder and CEO Robert Kaul
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The loan is for a term of 18 months and is secured against the assets of the corporation
