Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc and Teladoc Health Inc have announced a strategic partnership to better serve the remote monitoring needs of patients across Canada.
Under this partnership, the Cloud DX remote patient monitoring (RPM) platform Connected Health will be enhanced with Teladoc Health's virtual care capabilities, the companies said.
"We are very pleased to welcome Teladoc Health as a fully integrated partner on the Cloud DX platform in Canada,” Cloud DX founder and CEO Robert Kaul said in a statement. “From its leading virtual care solution Solo, to its chronic care management and mental health programs, offering Teladoc Health services as part of the Connected Health ecosystem creates a compelling and robust remote patient monitoring solution.”
"Together, Teladoc Health and Cloud DX offer a complete, best-in-class tool kit for healthcare providers to address acute and complex cases. As partners, we look forward to creating better healthcare journeys for more Canadians," he added.
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Hospitals and clinics use the Cloud DX Connected Health platform to manage acute and medically complex patients, including people with chronic obstructive pulmonary disease, heart failure, or post-surgical needs. The platform tracks key patient health indicators such as blood pressure, pulse oxygen, and/or temperature from home.
"We're excited to bring Teladoc Health's deep expertise in virtual care, chronic care management and mental health care to Canadians via this unique partnership with Cloud DX, giving us the opportunity to empower even more Canadians to live their healthiest lives," said Teladoc Health, Canada managing director Dr Joby McKenzie.
"By joining forces with Cloud DX in Canada, we will bring needed scale to reach people across this vast country, who can benefit from remotely monitoring their health conditions at home, all while reducing the strain on hospitals and clinicians" she added.
Teladoc Health’s Solo virtual care software platform is a leading purpose-built healthcare application currently being used in more than 4,000 hospitals and health systems worldwide. The partnership will enable the use of Solo on the Cloud DX patient app experience in Canada, so that patients can easily and seamlessly connect with members of their clinical team, creating a more efficient and more satisfying patient and provider experience.
Teladoc Health empowers people everywhere to live their healthiest lives by transforming their healthcare experience. As the world leader in whole-person virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person's health journey. It leverages more than a decade of expertise and data-driven insights to meet the growing virtual care needs of consumers and healthcare professionals.
Accelerating digital health, Cloud DX is on a mission to make healthcare better for everyone. The company's Connected Health RPM 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.
Its partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources.
Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company 'World Changing Idea' finalist, and one of 'Canada's Ten Most Prominent Telehealth Providers'. In 2021, Cloud DX became an exclusive partner to Medtronic Canada and Equitable Life of Canada.
Contact the author at jon.hopkins@proactiveinvestors.com