CloudMD Software & Services Inc. announced a contract to provide Remote Patient Monitoring ("RPM") for a major U.S. regional hospital system's ("Hospital Partner") eligible patient population. The Hospital Partner will leverage RPM to remotely monitor, manage, and proactively intervene on behalf of patients with chronic diseases, such as diabetes, heart disease, or respiratory illnesses. The RPM is delivered through a combination of the proprietary HealthyLYF patient app and portal that connects with care providers.

The CloudMD Remote Patient Monitoring Program was chosen to deliver services to the Hospital Partner's 115 healthcare providers and their over 25,000 Medicare patients. This sole sourced contract will be an important chronic condition management tool for healthcare providers. The remote patient monitoring platform seamlessly integrates with existing technology systems to empower healthier living.

This program helps patients better manage their conditions and access proactive preventive care to live healthier lives. It also helps to avoid costly emergency department visits. The contract has access to 25,000 eligible Medicare patients and once scaled, has the potential to be a material contract for the Company.

It is also a strategic step towards expansion of pipeline and introduction of new services to support healthcare navigation and health risk management.