Cloud DX Inc (CVE:CDX) has partnered with Maxwell Telecare to bring round-the-clock virtual care and real-time vital sign monitoring to residents living in long-term care (LTC) facilities.
The new solution, which combines Maxwell Telecare's on-demand telemedicine for post-acute care with Cloud DX's remote patient monitoring and diagnostic platform, is available now to healthcare partners in the US Midwest and Northwest, said the company.
It will allow LTC providers to react swiftly to changing patient conditions and ultimately reduce the need for unnecessary hospitalizations. Under the initial 36-month agreement, Maxwell will purchase Cloud DX products and services for deployment with all Maxwell customers in the US.
“Maxwell will buy Cloud DX on a per-patient per month basis for both Connected Health Kits and connectivity services deployed,” said the company.
READ: Cloud DX says VITALITI continuous vital sign monitor platform won Silver at the 2021 Edison Awards
Maxwell prevents 75%-to-80% of rehospitalizations by having two doctors assigned to a nursing facility, along with an onsite staffer. With the addition of Cloud DX's Connected Health kit, staff can capture key patient vital signs (weight, blood pressure, pulse oxygen, glucose levels and temperature) and flow that data back to Maxwell's physicians, giving them an in-the-moment picture of an individual's health, said the company.
“This means doctors can intervene more quickly, adjust medications on the fly, or even dispatch a home-care nurse to the patient's room to make a house call,” it added. As a result, patients end up in the “emergency room less, and are admitted into hospital less.”
"By adding Cloud DX's remote patient monitoring into our telecare model, we are now embedding a first line of intelligence right into each of our care facilities. Cloud DX will be the vital diagnostic eyes and ears for our physicians, providing them with the information they need make better care decisions quickly," said Maxwell founder CEO Andrew Rosenson in a statement. "By preventing patients from returning to hospital post-acute care facilities, providers can realize a 9.4X annual return on investment."
Maxwell has deployed Cloud DX Connected Health kits to its clients at Northwest Pulmonary, Meadowbrook Care Center, Homecare Associates and The Landings of Minnetonka, at Illinois which together take care of over 25,000 patients. “Several additional deployments including with Anew Home Health of Indiana are planned in 2021,” said the company.
John Hawkins, Advisory Board member for Maxwell Telecare said Cloud DX bested all other vendors because of their “incredible customer service,” as well their easy-to-use Connected Health Kits.
Telemedicine has proved it was up to the challenge in the worst of the pandemic and is here to stay.
"Remote patient monitoring is allowing us to monitor a patient's progress far more thoroughly than has been possible in the past and provides care teams with unprecedented, near real-time insight into a patient's condition so their decline or progress can be carefully tracked," said Cloud DX CEO Robert Kaul.
"The model Maxwell Telecare and Cloud DX are building together is creating a new gold-standard for LTC and residential facilities. Patients and their families deserve this kind of advanced, technology-enabled care right now," he added.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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