Cloud DX Inc (CVE:CDX) said it has extended its remote patient monitoring and virtual care contract with a large Canadian provincial health authority until March 31, 2022.
Under the terms of the deal and the extension, Cloud DX said it receives an upfront payment for each one of its Connected Health Kits delivered to a patient, and then charges a monthly connectivity, software, and service fee for each active patient account.
READ: Cloud DX partners with Maxwell Telecare to bring round-the-clock virtual care to US long-term care facilities
The company’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 and connection to the patient via two-way messaging and video visits.
The software also issues notifications to a care team if a patient's vital signs, symptoms, or adherence to scheduled readings changes, allowing the team to then trigger a telemedicine video visit to determine the best next step.
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