CareView Communications Executes Agreement With Long-Standing California Community Hospital

Rhea-AI Summary

CareView Communications (OTCQB: CRVW) has signed a three-year agreement with a California community hospital to enhance patient safety using its patented Virtual Rails® technology. This partnership will integrate CareView’s systems with the hospital's electronic health record and nurse communication systems, improving clinical workflows and response times. The innovative Patient Safety System includes various camera solutions aimed at addressing specific clinical needs and reducing costs associated with patient monitoring. CareView's past installations reduced patient falls by 80% and sitter costs by over 65%.

Positive

• Partnership with a California community hospital enhances CareView's market presence.
• The integration of Virtual Rails® technology with the hospital's systems improves clinical workflows and patient care.
• Proven effectiveness of CareView's systems with an 80% reduction in patient falls and 65% decrease in sitter costs.

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 long-standing California community hospital that is part of a larger for-profit healthcare system.

This partnership leverages CareView’s patented Virtual Rails® predictive technology and exclusive integrations with the health system’s electronic health record (EHR) and nurse communication systems for enhanced clinical workflows and improved response times. The CareView Patient Safety System® also features the SitterView® Monitoring System, providing an even clearer picture of workflow and a total system solution that empowers caregivers to deliver the right care in the right place at the right time.

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. CareView’s system gives 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/20220405005296/en/

Steven G. Johnson

President and Chief Executive Officer

CareView Communications, Inc.

972-943-6050

Source: CareView Communications, Inc.

FAQ

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

CareView Communications announced a three-year agreement with a California community hospital to implement its Patient Safety System using Virtual Rails® technology.

How does CareView's technology impact patient safety?

CareView's technology aims to improve patient safety by providing enhanced monitoring solutions that have historically reduced patient falls by 80%.

What benefits does the hospital agreement bring to CareView Communications (CRVW)?

The hospital agreement allows CareView to expand its footprint in the healthcare market and leverage its innovative technology for improved clinical workflows.

How long is the agreement between CareView and the California hospital?

The agreement between CareView Communications and the California hospital is for a duration of three years.

What systems does CareView integrate with in this new partnership?

CareView integrates its systems with the hospital's electronic health record (EHR) and nurse communication systems.