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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The company said it secured the contracts with US primary care practices in Illinois, which will deploy its Connected Health platform for reimbursed Remote Patient Monitoring and chronic care management
Echelon Wealth Partners Inc will act as lead agent and sole book runner for the placing, which will see the issue of up to 3,000 convertible debenture units of the company, each comprising C$1,000 principle amount and 1,250 common share pur
Robert Kaul, CEO and founder of Cloud DX noted: "Cloud DX has delivered state-of-the-art virtual care for patients with chronic respiratory disease since 2019, when we began the virtual outpatient COPD program at Markham Stouffville Hospita
Using the company's platform, Hamilton Health will monitor selected post-surgical patient populations
"This third-party validation of our proprietary Vitaliti product can assure patients and doctors that Cloud DX is creating and bringing to market next-generation solutions for improving post-surgical outcomes or medical interventions in gen
The MedTech start-up has been selected by Medtronic for an exclusive partnership for remote patient monitoring as it continues to roll out its Connected Health platform across North America
Cloud DX generates revenue upfront for kits prescribed to patients for use at home, and then a monthly subscription fee per patient for software, services, and support
Cloud DX 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 pr
The company said subscription revenue for the first nine months of fiscal 2021 was 22% higher, despite a decline in Q3 due to a big deployment of a Connected Health Kit in the comparable quarter a year earlier
Presented to Dr Edwards Sykes of Sheridan College and Cloud DX, the award recognizes the company's patented ‘augmented reality' (AR) platform: ‘The Clinic of the Future'
The company said the Maternal Health Track program for pregnant women grows its reach to include "600,000 potential customers per year"
The program is built upon Cloud DX's previously announced patient-focused contracts with Dagamma, Prizm Media, and Maxwell Telecare, deepening the company's roots in six US states
"Our Connected Health Virtual Care platform and extensive expertise with chronic illnesses like these help our partners and clients give patients the personalized care they need,” said Cloud DX founder and CEO Robert Kaul
The trial, led by Dr Celso Khosa at the Instituto Nacional de Saúde (INS), sought to determine the feasibility of front-line tuberculosis triage using AcuScreen, the smartphone component of Cloud DX's winning Qualcomm Tricorder XPRIZE techn
Results from the study show post-surgical remote patient monitoring provides greater detection and correction of drug errors, reduces patient pain, and could reduce hospital re-admissions and emergency room visits
The company said it intends to use the net proceeds from the offering for sales, marketing, research and development, and working capital requirements
The company's CEO Robert Kaul said: "We're excited to welcome Simon to Cloud DX. He is assuming this role during a critical time for our organization as we execute recently announced plans to grow our Connected Health platform across North
It said the contract gives Cloud DX and physician partners immediate access to thousands of patients with chronic illnesses in the initial rollout states through Prizm's extensive patient database
The North American disruptor in virtual care said it plans to funnel the proceeds into sales, marketing, research and development and general working capital
As a global community, the IEEE SA Telehealth IC Working Groups will seek to create internationally applicable standards for telehealth and virtual care adoption
