Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc announced that it has signed a new 24-month contract with an Ontario paramedic service provider, which will enable the client to provide Remote Patient Monitoring (RPM) across its serviceable area.
The company said the client has purchased 223 Connected Health kits totalling about C$145,000, with additional recurring fees for subscription software services as it transitions from its previous remote care tools to Cloud DX (TSX-V:CDX, OTCQB:CDXFF)'s Virtual Care Platform.
“By bringing Remote Care Monitoring directly to the community our client is forging a new path in paramedicine,” Cloud DX (TSX-V:CDX, OTCQB:CDXFF) COO Anthony Kaul said in a statement.
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“This modern approach improves community health and enables significantly earlier intervention for those with deteriorating health, in turn reducing hospitalizations,” Kaul added.
Cloud DX noted that funding for the program comes from the $82.5 million Community Paramedicine for Long-Term Care program announced by the Ontario government on October 22, 2021.
The paramedical service provider will provide Cloud DX's biometric monitoring equipment to clients in their homes to monitor vital signs including weight, blood pressure, heart rate, oxygen level, temperature, and blood glucose, the company said.
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.
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