CareView Communications Selected to Exhibit Patient Safety System at Vizient Innovative Technology Exchange

Rhea-AI Summary

CareView Communications (OTC-PINK:CRVW) will showcase its Patient Safety System, featuring patented Virtual Bed Rails and Virtual Chair Rails technology, at the Vizient Innovative Technology Exchange on October 17 in Dallas. This annual event allows selected suppliers to demonstrate technologies aimed at improving clinical outcomes and safety. CareView's system enhances workflow efficiency by enabling a single staff member to monitor up to 40 patients, significantly reducing patient falls and false alarms. The system aims to address hospital staffing shortages and improve care efficiency.

Positive

• CareView's Patient Safety System allows one staff member to monitor up to 40 patients, enhancing safety and efficiency.
• The system has shown an 80% decrease in patient falls and a 65% reduction in sitter costs.
• Participation in the Vizient Innovative Technology Exchange provides visibility and potential contracts with healthcare providers.

Negative

• None.

LEWISVILLE, Texas--(BUSINESS WIRE)-- CareView Communications, Inc. ("CareView" or the "Company") (OTCQB: CRVW), an information technology provider to the healthcare industry, has been selected to exhibit the CareView Patient Safety System®, including its patented, predictive Virtual Bed Rails® and Virtual Chair Rails® technology, at the Vizient Innovative Technology Exchange. Vizient, Inc., the nation’s largest member-driven health care performance improvement company, will hold the Exchange on October 17 at the Renaissance, Dallas.

The annual Innovative Technology Exchange offers selected suppliers the unique opportunity to demonstrate their technologies to supply chain and clinical leaders from Vizient’s member hospitals and subject matter experts who serve on its supply councils. Each technology will showcase how it improves clinical outcomes, enhances safety, or drives incremental improvements to health care delivery or business models.

The CareView Patient Safety System leverages CareView’s patented Virtual Bed Rails and Virtual Chair Rails, which use machine learning to differentiate between normal patient movements and behaviors of an at-risk patient. Exclusive integrations with the health system’s electronic health record (EHR) and nurse communication systems allow for enhanced clinical workflows and improved response times. With CareView’s system, one staff member can safely monitor and interact with up to 40 patients, resulting in fewer false alarms, quicker staff interventions, and a significant reduction in patient falls.

“We are very excited to bring our CareView Patient Safety System to the Vizient Innovative Technology Exchange,” said Sandra McRee, CareView’s Chief Operating Officer. “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.”

“Suppliers come to the Exchange hoping to be awarded an Innovative Technology contract, which signals health care providers of their product’s unique qualities,” said Kelly Flaharty, director of contract process, Vizient. “We are pleased to include CareView’s technology in the group selected to participate.”

The annual Innovative Technology Exchange is part of Vizient’s Innovative Technology Program that includes product review of supplier-submitted technologies by member-led councils and task forces. Since 2003, Vizient has reviewed over 1,600 product submissions as part of its Innovative Technology Program.

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 patient, 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/20220621005057/en/

Steven G. Johnson

President and Chief Executive Officer

CareView Communications, Inc.

(972) 943-6050

Source: CareView Communications, Inc.

FAQ

What is CareView Communications showcasing at the Vizient Innovative Technology Exchange?

CareView Communications is showcasing its Patient Safety System, which includes patented Virtual Bed Rails and Virtual Chair Rails technology.

When is the Vizient Innovative Technology Exchange taking place?

The Vizient Innovative Technology Exchange is on October 17.

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

The system allows one staff member to monitor up to 40 patients, leading to fewer false alarms and quicker interventions.

What advantages does CareView's system provide to hospitals?

The system addresses staffing shortages, improves care efficiency, and significantly reduces patient falls and sitter costs.

What impact does participating in the Vizient Innovative Technology Exchange have for CareView?

Participation may lead to Innovative Technology contracts, enhancing market visibility and potential sales.