CareView Communications Announces Expansion Agreement With Beauregard Health System

Rhea-AI Summary

CareView Communications, Inc. (OTCQB: CRVW) has expanded its hospital agreement with Beauregard Health System in DeRidder, LA, under a three-year contract utilizing a new sales-based pricing model. The Patient Safety System® has shown positive outcomes, including reduced patient falls and diminished costs for one-to-one sitters. CareView aims to enhance patient safety and quality care with innovative technology designed for various clinical settings. The company has a track record of decreasing patient falls by 80% and reducing sitter costs by over 65% across more than 150 hospitals.

Positive

• Expansion of agreement with Beauregard Health System for three years.
• Introduction of a new sales-based pricing model.
• Proven reduction of patient falls by 80% and sitter costs by over 65%.

Negative

• None.

LEWISVILLE, Texas--(BUSINESS WIRE)-- CareView Communications, Inc. (“CareView” or the “Company”) (OTCQB: CRVW), a technology provider to the healthcare industry, today announced the expansion of a hospital agreement with Beauregard Health System in DeRidder, LA (“Beauregard”). Beauregard has utilized CareView’s Patient Safety System® with positive outcomes for the past year and includes CareView as a part of the hospital’s expansion.

The three-year expansion with Beauregard was executed under the Company’s new sales-based pricing model. CareView’s innovative Patient Safety System now includes a variety of camera solutions specifically designed to address clinical needs in general safety and applications for use in ICUs, behavioral health settings, and negative-pressure COVID-19 units. CareView’s system gives hospitals confidence in their efforts of increasing quality care and patient safety.

Sandra McRee, CareView’s Chief Operating Officer, stated, “CareView’s latest equipment allows Beauregard to expand patient safety coverage, reducing falls and one-to-one sitters, particularly of at-risk patients who require more observation. We look forward to expanding our commitment to helping Beauregard deliver high-quality care and provide superior patient outcomes.”

About CareView Communications, Inc.

As a leader in turnkey patient video monitoring solutions, CareView is redefining the standard of patient safety in hospitals and healthcare facilities across the country. For over a decade, CareView has relentlessly pursued innovative ways to increase patient protection, providing next-generation solutions that lower operational costs and foster a culture of safety among patients, staff, and hospital leadership. With installations in more than 150 hospitals, CareView has proven that its innovative technology is creating a culture of patient safety where patient falls have decreased by 80% with sitter costs reduced by more than 65%. Anchored by the CareView Patient Safety System, this modular, scalable solution delivers flexible configurations to fit any facility while significantly increasing patient safety and operational savings. All configurations feature HD cameras, high-fidelity 2-way audio/video, LCD displays for the ultimate in capability, flexibility, and affordability. Corporate offices are located at 405 State Highway 121 Bypass, Suite B-240, Lewisville, TX 75067. More information about the Company and its products and services is available on the Company’s website at www.care-view.com.

Forward Looking Statements

Statements made in this release that are not statements of historical or current facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211221005057/en/

Steven G. Johnson

President and Chief Executive Officer

CareView Communications, Inc

972-943-6050

Source: CareView Communications, Inc.

FAQ

What recent agreement did CareView Communications announce?

CareView announced a three-year expansion of its agreement with Beauregard Health System.

How does CareView's Patient Safety System impact patient safety?

The system has led to an 80% reduction in patient falls and a 65% decrease in sitter costs.

What is the stock symbol for CareView Communications?

The stock symbol for CareView Communications is CRVW.

In which location is Beauregard Health System based?

Beauregard Health System is located in DeRidder, LA.