CLOUD DX Signs New Contracts with 2 Ontario Community Paramedic Services

These contracts cap a record first quarter at Cloud DX, which has announced 10 new contracts and 14 contract renewals, valued at $4.75M CAD so far in 2024.

News in Summary

• On March 26, 2024, Cloud DX signed new 24-month Master Deployment Agreements with both the Beausoleil First Nation Paramedic Service and another Ontario County Paramedic Service.

• In Ontario, Remote Patient Monitoring (RPM) services are offered in the community under the Community Paramedicine for Long-Term Care program (CPLTC).
• Cloud DX Connected Health RPM products and services allow Community Paramedics to monitor seniors where they live, extending the time they can stay at home and reducing pressure on nursing home waiting lists. 

• These clients are the 9th and 10th Ontario Paramedic Services to contract with Cloud DX to date.

KITCHENER, ON / ACCESSWIRE / April 9, 2024 / Cloud DX (TSXV:CDX)(OTCQB:CDXFF), a leading North American provider of virtual care and remote patient monitoring platforms is pleased to announce the execution on March 26, 2024 of new Master Deployment Agreements for Cloud DX RPM Services with Beausoleil First Nation Paramedic Service and an Ontario County Paramedic Service.

In Ontario, Community Paramedic Services offer Remote Patient Monitoring to seniors who can benefit from daily monitoring of vital signs, physical symptoms and in many cases, chronic conditions such as COPD* and congestive heart failure. Patients can interact with the Paramedics via the Cloud DX mobile app, allowing for close oversight and empowering patients to help manage their own care.

The Community Paramedicine for Long-Term Care (CPLTC) program is fully funded by the Ontario provincial government to provide additional care for seniors 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, on the impact of the CPLTC program, 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."