Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc has announced the extension of its remote patient monitoring and virtual care contract with a large Canadian Provincial Health Authority until September 30, 2023.
This new agreement extends Cloud DX (TSX-V:CDX, OTCQB:CDXFF)'s original contract from May 2021, the company said.
Under the terms of the contract and extension with the province, Cloud DX (TSX-V:CDX, OTCQB:CDXFF) receives an upfront payment for each Connected Health Kit delivered to a patient, and then charges a monthly connectivity, software and service fee for each active patient account.
The award-winning Cloud DX 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.
READ: Cloud DX inks two-year contract with Ontario paramedics for remote patient monitoring
“Cloud DX software issues notifications to a care team if a patient's vital signs, symptoms or adherence to scheduled readings changes. The care team can then trigger a telemedicine video visit to determine the best next step,” the company said.
Early intervention can result in reduced ER visits, avoided hospital admissions and better care outcomes, resulting in a lower overall cost to the healthcare system, added Cloud DX.
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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