Cloud DX Signs 12th Paramedic Service Contract

Ontario Community Paramedics granted an additional $174 million for the successful Community Paramedicine for Long-Term Care (CPLTC) program.

News in Summary

• This is Cloud DX's 12th Community Paramedicine contract announced to date.
• Funding is provided through the Ontario government CPLTC program.
• Cloud DX sales continue to grow on a quarter-over-quarter basis in 2023.

KITCHENER, ON / ACCESSWIRE / June 6, 2023 / Cloud DX (TSXV:CDX)(OTC:CDXFF), a leading North American provider of virtual care platforms announces a new contract with another Ontario Paramedic Service to bring remote patient monitoring (RPM) to seniors in the community.

This community paramedic group chose Cloud DX to provide Connected Health™ kits and remote monitoring services for an already-running RPM program after receiving additional funding through the Ontario government's Community Paramedicine for Long-Term Care program (CPLTC).

For this contract, Cloud DX Connected Health is replacing another vendor. The flexibility of the Connected Health platform allows the customer to continue using some legacy hardware, including tablets and pulse oximeters, lowering the cost of switching to Cloud DX. The new contract will begin with 35 Connected Health™ subscriptions and has an estimated value of up to $35,000 CAD, running through May 2024.

The CPLTC program is fully funded by the provincial government to provide additional care for seniors in the comfort of their own homes before admission into long-term care. Recently the province announced an additional $174 million CAD in funding to expand the CPLTC program from 2024 onwards.

In comments published by CBC News, Renfrew County Paramedic Chief Michael Nolan said "Community paramedics can lower the likelihood that those higher-use populations will call 911 or go to the emergency department by up to 70%. Community paramedics can visit and support vulnerable populations without adding more strain on emergency providers - something that can be done in the patient's own home, not in a hospital bed."

Cloud DX CEO and Founder Robert Kaul stated, "Cloud DX is excited to see continued growth in new contracts, contract extensions and expanded sales orders from the Community Paramedicine for Long-Term Care program. Caring for seniors in their own homes not only results in fewer ER visits, fewer hospital admissions and better health outcomes, but patients appreciate the chance to stay at home, stating they are very satisfied with Cloud DX Connected Health™. We hope to see this pioneering program replicated in other provinces soon."