CareView Communications Executes Agreement with New Hospital in Pensacola, FL

Rhea-AI Summary

CareView Communications, Inc. (OTCQB: CRVW) has signed an agreement with a health system in Pensacola, FL, for the installation of its CareView Patient Safety System®. This system enables continuous remote monitoring for patients at risk due to falls, behavioral issues, or suicidal ideation. The advanced technology includes in-room cameras and patented Virtual Bed Rails® to enhance patient safety. CareView's solutions have contributed to an 80% decrease in patient falls and a 65% reduction in sitter costs across over 150 hospitals nationwide.

Positive

• New agreement for installation of CareView Patient Safety System in Pensacola, FL.
• Patient Safety System has been shown to reduce patient falls by 80% and sitter costs by 65%.
• Experience with installations in over 150 hospitals demonstrates proven effectiveness.

Negative

• None.

LEWISVILLE, Texas--(BUSINESS WIRE)-- CareView Communications, Inc. (“CareView” or the “Company”) (OTCQB: CRVW), an information technology provider to the healthcare industry, today announced the signing of an agreement with a health system building a new campus in Pensacola, FL. The new campus includes a new acute care hospital and behavioral health unit with room for future expansion.

The agreement calls for the installation of the CareView Patient Safety System®, which facilitates continuous remote patient monitoring for patients who may be at risk of harm due to falls, behavioral issues, or suicidal ideation. The CareView solution leverages an in-room camera with audio capabilities and patented Virtual Bed Rails® and Virtual Chair Rails® technologies to improve patient safety. The Virtual Rails use machine learning to identify when the patient's movement indicates a fall may be imminent, and subsequently alerts the Safety Technician. Pre-recorded messages or 2-way audio allow for direct communication with the patient. The System offers a considerable impact on sitter reduction and overall patient safety.

Sandra McRee, CareView’s Chief Operating Officer, stated, “We are pleased to be working with our newest partner and know that our System is the solution to address their needs to reduce patient falls and increase 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/20221116005396/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 an agreement to install its Patient Safety System at a new health campus in Pensacola, FL.

What technology does the CareView Patient Safety System use?

The system uses in-room cameras and patented Virtual Bed Rails® for continuous remote monitoring of patients.

How effective is the CareView Patient Safety System in reducing patient falls?

The CareView Patient Safety System has reduced patient falls by 80% in hospitals where it is implemented.

What stock symbol is associated with CareView Communications?

CareView Communications is listed under the stock symbol OTCQB: CRVW.

What operational benefits does CareView Communications provide to healthcare facilities?

CareView Communications' solutions lead to a 65% reduction in sitter costs and foster a culture of patient safety.