Industry News

Consortium to Advance Affordable Hospital-Level Care at Home

November 8, 2022

News in Summary

  • Led by Medtronic (NYSE:MDT), in partnership with Excelar Technologies, Providence Health Care Ventures, Simon Fraser University, 3D Bridge Solutions and StarFish Medical, Cloud DX will develop and commercialize a Continuous Connected Patient Care (CCPC) digital platform to improve quality of at-home care for discharged patients, saving in-hospital resources for acute patient cases.
  • The project has a total investment of $12.8M, with $5.2M co-invested through the Digital Supercluster based in Vancouver, BC. It is expected to launch in 2024.
  • As milestones are met, Cloud DX will receive up to $560,000 CAD over the project span to support the integration of a new Medtronic continuous vital sign monitoring device and a connected medication dispenser to the Connected Health software platform.

KITCHENER, ON / ACCESSWIRE / November 8, 2022 Cloud DX (TSXV:CDX)(OTC:CDXFF), a leading digital health platform, today announced $5.2 million CAD of co-investment from the Digital Supercluster, through Innovation, Science and Economic Development Canada to create the Continuous Connected Patient Care (CCPC) digital platform. Continuous remote monitoring of recently discharged patients is expected to improve patient outcomes and free up badly needed hospital resources.

This novel remote patient monitoring system project will be led by Medtronic and include expertise and technology from a consortium of partners, including Excelar Technologies, Providence Health Care’s St. Paul’s Hospital, Providence Health Care Ventures, Simon Fraser University, 3D Bridge Solutions Inc, and StarFish Medical (as a Medtronic sub-contractor).

Read full release here.

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