Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc told investors that it has signed its first joint remote patient monitoring contract together with partner Medtronic Canada ULC, a subsidiary of global healthcare leader Medtronic PLC (NYSE:MDT).
The company said the contract will support virtual care delivery at St Mary's General Hospital, in Kitchener, Ontario, and will commence with an initial deployment for the hospital's COPD (chronic obstructive pulmonary disease) Activation Program.
The program will support pulmonary COPD rehab patients with online education and rehab therapy sessions twice a week over a four-week period, Cloud DX said. The contract comes as it gains recognition as a leader in providing pulmonary therapy support and reports multiple high satisfaction ratings, the company added.
READ: Cloud DX reports high satisfaction among post-surgical remote monitoring patients at Kingston Health Science Centre
"As a Kitchener-based MedTech company, it is exciting to support a local hospital,” Cloud DX CEO and founder Robert Kaul said in a statement.
“With St Mary's we will begin with the COPD Activation Program. This innovative program will offer online education and therapy sessions all via our Connected Health platform. It is clear this partnership between two renowned providers of healthcare services is an indication of things yet to come - especially when looking into how much more Virtual Care we can expect moving forward.”
Director of new partnerships and solutions at Medtronic Canada, Jessica Rudd, added: “In our commitment to developing the virtual healthcare pathway, we are thrilled to work with Cloud DX and innovative hospitals, such as St. Mary's General Hospital.
"Virtual Care is a key component in the future of healthcare; it enhances many aspects of healthcare delivery from post-surgical support to at-home pulmonary rehab.”
St Mary’s Hospital noted that embracing new ways to deliver healthcare is important for its patients, staff, as well as the broader community. It said innovations like virtual care delivery improve patient outcomes, and lower hospitalization rates and re-admissions.
"As a direct result, it can alleviate burden on our hospital system, as well as help patients and their care teams better manage their condition and keep them well in the community,” the hospital’s director of strategy, innovation and communications Sarah Farwell said.
“We anticipate these types of outcomes for patients of the pulmonary COPD rehab program, by partnering with our vendor of choice, Cloud DX and Medtronic. Patients love the easy-to-use technology. Our clinical team appreciates the thoughtfully developed clinician dashboard which eases workload and facilitates patient compliance.”
Accelerating virtual healthcare, Cloud DX is focused on making healthcare better for everyone. Its 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.
Contact the author at stephen.gunnion@proactiveinvestors.com