TSXV:CDX

Cloud DX Announces Intention to Participate in the Government of Canada's Expansion of Virtual Care

Cloud DX (TSX.V:CDX), a leading Canadian provider of virtual care and remote patient monitoring solutions, announced its support and intention to participate in offering its award-winning remote patient monitoring platform, the Cloud DX Connected Health Kit to provincial and territory healthcare providers as part of the Government of Canada's newly signed bilateral agreement to enhance provincial virtual care services, including $46M in funding flowing to the Province of Ontario. Remote patient monitoring is identified as one of five priority areas for immediate action

"With the COVID-19 third wave upon us, there is heightened urgency to act swiftly and decisively to bring virtual care services to every Canadian. Now is the time for the private and public sector to come together like never before to ensure people across this country have continued access to the health care services they need virtually during this time of great uncertainty. With a fully commercialized, Health Canada compliant, made-in-Canada solution at the ready, Cloud DX is standing by to bring our easy to use, easy to adopt remote patient monitoring solution to healthcare providers across this country. Connected Health is already in use from coast-to-coast, including for COVID-19 patients, and our message to hospital administrators, doctors, and other care providers is this: we are ready to assist and can have you and your patients up and running very quickly," says Robert Kaul, CEO of Cloud DX

Cloud DX

Accelerating virtual healthcare's future, Cloud DX is making healthcare better for everyone. The company's Connected Health remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable ageing in place and deliver hospital-quality post-surgical care. Providers partnering with Cloud DX achieve better healthcare and patient outcomes, reduce the need for hospitalization/re-hospitalization and reduce the costs of healthcare delivery through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company "World Changing Idea" finalist and one of Canada's 10 most prominent Telehealth providers.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Social Links

Twitter: https://twitter.com/CloudDX
Facebook https://www.facebook.com/clouddxinc/
LinkedIn https://www.linkedin.com/company/cloud-dx/

For media inquiries please contact:

Ellyn Winters-Robinson
Ignition Communications (PR for Cloud DX)
519-574-2196
ellyn@ignition.ca

For investor inquiries please contact:

Jay Bedard
Cloud DX Investor Relations
647-881-8418
jay.bedard@CloudDX.com

Cloud DX Corporate Contact

Robert Kaul
CEO
1-646-706-1807
Robert.kaul@clouddx.com

SOURCE: Cloud DX Inc.



View source version on accesswire.com:
https://www.accesswire.com/641829/Cloud-DX-Announces-Intention-to-Participate-in-the-Government-of-Canadas-Expansion-of-Virtual-Care

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Overview

The COVID-19 global pandemic shook traditional healthcare structures on a global scale in 2020. There has been an urgent need for integrated systems to manage the influx of patients and new social distancing measures, which forced many to delay seeking in-person medical attention. In identifying this gap in the healthcare system, digitally driven telemedicine companies are leading the way to innovate and improve healthcare for all in this increasingly digital age.

By 2022, the global healthcare market is forecasted to grow to US$11.9 trillion, with the digital healthcare sector to grow by a projected compound annual growth rate (CAGR) of 38 percent by 2026. In dealing with the aftermath of this pandemic, investing in healthcare and wellness technology is investing in the healthcare systems we’ve needed for a long time.

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