CareView Communications Executes Agreement With a Large For-Profit Health System

Rhea-AI Summary

CareView Communications, Inc. (OTCQB: CRVW) announced a new three-year agreement with a Florida hospital, part of the largest for-profit health system in the U.S. This contract expands CareView's Patient Safety System, integrating with the hospital's electronic health record and communication systems. The partnership aims to enhance clinical workflows and address staffing shortages by providing a virtual sitter for high-risk patients. CareView's technology has shown a significant reduction in patient falls by 80% and sitter costs by over 65%, supporting improved patient safety and operational efficiency.

Positive

• New three-year agreement with a major Florida hospital.
• Expansion of CareView's Patient Safety System within a large health system.
• Integration with hospital's existing EHR and nurse communication systems.
• Addresses staffing shortages and improves clinical workflows.

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 execution of a hospital agreement with a Florida hospital, part of the largest for-profit health system in the country. This agreement represents an expansion of the Company’s CareView Patient Safety System in another division within the national health system.

The partnership leverages exclusive integrations with the health system’s electronic health record (EHR) and nurse communication systems for enhanced clinical workflows and improved response times, providing a total system solution.

Sandra McRee, CareView’s Chief Operating Officer, stated, “CareView’s latest equipment will address hospital staffing shortages, ease care burdens, and improve care efficiency by having a virtual sitter in every at-risk and high acuity patient room. We look forward to supporting the success of our newest partner.”

The three-year agreement was executed under the Company’s 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. The System helps give hospitals confidence in their efforts of increasing quality care and patient safety.

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/20220719005499/en/

Steven G. Johnson

President and Chief Executive Officer

CareView Communications, Inc.

972-943-6050

Source: CareView Communications, Inc.

FAQ

What is the recent agreement announced by CareView Communications (CRVW)?

CareView Communications announced a three-year agreement with a Florida hospital to expand its Patient Safety System.

How does CareView's Patient Safety System improve patient care?

The Patient Safety System enhances clinical workflows, addresses staffing shortages, and provides virtual sitters for at-risk patients.

What are the benefits of CareView's technology reported in the press release?

CareView's technology has reportedly reduced patient falls by 80% and sitter costs by over 65%.

Which health system is CareView partnering with?

CareView is partnering with a Florida hospital that is part of the largest for-profit health system in the U.S.

What is the purpose of the new hospital agreement for CareView (CRVW)?

The agreement aims to enhance patient safety and operational efficiency by integrating CareView's technology into the hospital's systems.