Cloud DX Signs Record-Breaking 20th Contract, on Pace to Double Sales in 2023

News in Summary

• Western Canadian primary care group awards a new Remote Patient Monitoring (RPM) contract to Cloud DX after a competitive procurement process.
• The initial deployment of Cloud DX Connected Health will begin with 150 patients in 2 of 12 locations and is expected to grow as additional locations take part.
• With 20 new contracts or contract expansions announced so far in 2023, the Company expects to approximately double its sales performance versus 2022.

KITCHENER, ON / ACCESSWIRE / July 24, 2023 / Cloud DX (TSXV:CDX)(OTC:CDXFF), a rapidly scaling North American provider of remote patient monitoring services is pleased to announce that it has been awarded a competitive contract by a leading network of 12 primary care clinics in Western Canada to provide its Connected Health™ Remote Patient Monitoring Platform in the region.

This collaboration with primary care physicians will expand the availability of remote patient monitoring to seniors suffering from chronic illnesses such as heart failure, hypertension, COPD, and diabetes. Over 5 million Canadians have been diagnosed with 1 or more of these conditions (Health Infobase Canada).

Published, peer-reviewed research* proving that Cloud DX technology improves patient outcomes, reduces ER visits, decreases the length of hospitalizations, and significantly enhances the provision of care in rural communities contributed to this successful public tender.

The initial stage of the program will enroll up to 150 patients by prescribing Cloud DX Connected Health Kits, patient subscriptions, and extensive support services at 2 locations. The client clinic network expects the deployment to grow across additional locations in the future as patient outcomes improve.

"We're honored to be a partner in advancing healthcare in Canada and excited to see the positive impact that the expanded home monitoring program running on the Cloud DX platform will have on the lives and health outcomes of the patients involved. This program will improve access to care and health equity within the region while driving efficiency into caring for some of the country's most complex and vulnerable patients." stated Anthony Kaul, Co-founder and COO of Cloud DX.

Underlining the accelerating growth in demand for virtual care and remote monitoring, Cloud DX has now announced 20 new contracts or extensions in 2023 year-to-date, representing an impressive increase in sales and revenue compared to 2022.