Cloud DX secures 4th Provincial Health contract for remote patient monitoring
May 09, 2024 at 12:20 am IST
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Robert Kaul, CEO of Cloud DX, discussed with Steve Darling from Proactive the new Remote Patient Monitoring Agreement for Cloud DX RPM Services, which has been secured with a Canadian Provincial Health Authority. This agreement expands Cloud DX's provision of Connected Health remote patient monitoring products and services across Canada, now including contracts with Alberta, Yukon, Prince Edward Island, and a Master Services Agreement with Mohawk Medbuy—the country's largest hospital procurement agency.
Kaul shared with Proactive that the contract spans 36 months and includes options for two 12-month extensions. Each subscription under these contracts is projected to average $1,520 CAD annually, covering the costs associated with the Connected Health Kit, which includes patient-prescribed hardware, software, and connectivity solutions.
Over the four months leading up to April 30, 2024, Cloud DX has announced a significant growth milestone, securing 26 new contracts. These agreements span across hospitals, paramedic services, U.S. clinics, and include two Canadian provinces, marking a significant inflection point in the company’s expansion and presence in the healthcare industry.
Contact Details
Proactive North America
+1 604-688-8158
NA-editorial@proactiveinvestors.com
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Cloud DX Inc. is a Canada-based remote patient monitoring company that is a Health Canada licensed, United States Food and Drug Administration registered medical device manufacturer and software developer offering a complete end-to-end virtual healthcare platform called Cloud DX Connected Health. The Company has developed and cleared through regulatory agencies a family of proprietary medical devices, each of which collects multiple vital signs. Its customers purchase Connected Health in order to remotely monitor patients with serious chronic illness, including chronic obstructive pulmonary disease (COPD) and congestive heart failure (CHF), as well as patients recovering from surgery and Covid-19 patients decanted from hospitals. Typical the Companyâs customers include hospitals and provincial health authorities in Canada, and physician practices and hospitals in the United States.