• Cloud DX (CDX) has signed a new contract with an Ontario hospital to provide its Connected Health remote patient monitoring (RPM) solution
  • The contract is part of a program Cloud DX has created to assist healthcare providers in replacing older RPM systems
  • In 2022, Cloud DX announced 28 new contracts, a 225 per cent increase over the 12 contracts signed in 2021
  • Cloud DX has demonstrated customer satisfaction scores of over 95 per cent in both published, peer-reviewed studies and provider-led surveys
  • Cloud DX provides a digital and virtual health care platform for remote patient monitoring, ageing in place and hospital-quality post-surgical care
  • Cloud DX (CDX) is down 3.23 per cent on the day, trading at $0.15 per share at 3:30 pm ET

Cloud DX (CDX) has signed a new contract with an Ontario hospital to provide its Connected Health remote patient monitoring (RPM) solution.

The contract is part of a program Cloud DX has created to assist healthcare providers in replacing older RPM systems.

Most patients will use their own WiFi or cellular-enabled mobile device to link to the Connected Health platform, enabling them to track their vital signs with easy-to-use Health Canada-licensed and FDA-cleared medical devices. At the same time, they communicate with their care team through secure text messaging and video chat.

Cloud DX has demonstrated customer satisfaction scores of over 95% in both published, peer-reviewed studies and provider-led surveys

Cloud DX COO and co-founder Anthony Kaul commented on the news.

“Cloud DX is pleased to be selected in a competitive RFQ to replace an older, less responsive US vendor. Cloud DX Connected Health is the ‘made in Ontario’ RPM solution that is now deployed in 12 use cases, up from 2 use cases in 2019. Our focus in 2023 will be to deliver the best possible care to Canadians in security and comfort, as remote patient monitoring becomes the standard of care for more serious health conditions.”

Cloud DX provides a digital and virtual healthcare platform for remote patient monitoring, ageing in place and hospital-quality post-surgical care.

Cloud DX (CDX) is down 3.23 per cent on the day, trading at $0.15 per share at 3:30 pm ET.


More From The Market Online

Top crypto stocks and ETFs to consider before the Bitcoin halving

Read about 10 of the highest-performing Bitcoin stocks and ETFs leading up to the cryptocurrency's April 2024 halving.

@ the Bell: Markets deeply divided amid Middle East flareup

Canada’s main stock index jumped on Friday, aiming to recoup some weekly losses, as investors shed caution around Middle East tensions.

Air Canada adds new in-flight sports channels before NHL playoffs

Air Canada (TSX:AC) adds three new live TV sports channels for its in-flight entertainment system just in time for the Stanley Cup Playoffs