Cloud DX wins contract with PHSA in BC

KITCHENER, Ont. – Cloud DX, a leading North American provider of virtual care and remote patient monitoring platforms, provided more details on a contract it won with British Columbia’s Provincial Health Services Authority, initially announced on May 7, 2024.

BC-PHSA awarded a contract worth $9.4 million for remote patient monitoring services. The contract has a term of 36 months with two extensions.

The average contract value of each individual patient subscription is expected to be approximately $1,520 per year, which covers the cost of the Connected Health Kit prescribed to each patient, software, and connectivity. Certain additional fees, including customizations and integrations can be added on an as-needed basis.

Cloud DX founder and CEO Robert Kaul (pictured) stated: “The announcement of the Provincial Remote Patient Monitoring contract by the British Columbia PHSA marks a critical milestone in Cloud DX’s growth. With an announced value of $9.4 million this award proves that Remote Patient Monitoring has become a priority with Canadian Provincial Health Authorities.”

He added, “As the largest supplier of Remote Patient Monitoring in Canada, Cloud DX now has the capability to bring the benefits of this new mode of care to well over 50% of the population. We look forward to working with all our Provincial Government partners to improve care for all Canadians.”

Cloud DX is now one of the leading suppliers of Remote Patient Monitoring services in Canada. In addition to contracts at the clinic, hospital, institute and municipal government level, Cloud DX has secured five Provincial level contracts for RPM, including Alberta Health Services, Alberta Primary Care Network, Yukon Health, Health PEI and now BC-PHSA.

On June 21, 2023 Cloud DX announced a Master Services Agreement to supply members of the Mohawk Medbuy shared services organization, which manages procurement for over 100 Hospital Systems and provincial authorities across Canada.

In addition to these large contracts the company supplies RPM solutions to 11 Ontario Community Paramedic Services and over eight hospital systems, including Hamilton Health Sciences, The Ottawa Hospital, the Ottawa Heart Centre, Kingston Health Sciences and several more.

Cloud DX has now announced 26 new contracts and/or contract renewals so far in 2024. Notable announcements include new contracts with Ontario Paramedics, Ottawa University Research Institute, VHA Home HealthCare and Health PEI. Together the announced value of these contracts now exceeds $14 million CAD, with terms of 12 to 36 months (not including extensions).

About Cloud DX
Accelerating digital healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, winner of “2022 Top Innovator” from Canadian Business, a 2021 “Edison Award” winner, a Fast Company “World Changing Idea” finalist, and one of “Canada’s Ten Most Prominent Telehealth Providers.” Cloud DX is an exclusive partner to Medtronic Canada and Teladoc Health Canada.