Cloud DX (TSX-V:CDX, OTCQB:CDXFF) said it has signed an expansion contract with an existing Ontario hospital client to provide remote patient monitoring to an additional 100 cardiac patients.
The digital healthcare provider said the 12-month contract value is estimated at C$76,000 and includes the procurement of new Connected Health kits in addition to the refurbishment of the hospital's existing third-party devices.
“We're excited to expand our remote patient monitoring services to a growing number of cardiac patients in our community,” Cloud DX chief operating officer Anthony Kaul said in a statement.
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“Cloud DX embraces the quadruple aim in healthcare innovation: making care better for patients, for providers, saving money and improving outcomes at the community level,” Kaul added.
The company noted that the contract is the 26th signed agreement for Cloud DX in 2022 to date, an increase of 216% compared to the 12 contracts signed in 2021.
It said notable 2022 contracts include major partnerships, US clinics, global distribution agreements, and six Ontario Paramedicine Program contracts.
As well, Cloud DX said the contract follows a successful initial deployment of the company's Connected Health remote patient monitoring program earlier this year.
Cloud DX’s Connected Health remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home.
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