CareView Communications Signs National Memo of Understanding Interconnection Security Agreement (MOU-ISA) with the Department of Veteran Affairs

Rhea-AI Summary

CareView Communications has signed a national Memorandum of Understanding and Interconnection Security Agreement (MOU-ISA) with the Department of Veteran Affairs (VA). This agreement aims to streamline and enhance the services provided by CareView to VA facilities, including system support and updates. This is part of CareView’s ongoing Business Associate Agreement (BAA) with the VA. CareView has been a service provider to the VA since 2016, offering services through various channels such as the General Services Administration (GSA) and the Service-Disabled Veteran Owned Small Business (SDVOSB) Telecare Companion IDIQ. The MOU-ISA will allow CareView to better support and improve patient safety for veterans.

Positive

• CareView signed a national MOU-ISA with the VA, indicating a strengthened partnership.
• The agreement will expedite and improve CareView's services, including system support and updates.
• CareView has been providing services to the VA since 2016, demonstrating established trust and reliability.
• The MOU-ISA enhances CareView's ability to support VA facilities and improve patient safety for veterans.
• Partnerships with channels like GSA and SDVOSB Telecare Companion IDIQ broaden CareView's service reach.

Negative

• The PR did not disclose any immediate financial gains or new revenue streams resulting from the agreement.
• Details about the financial terms of the MOU-ISA were not mentioned, leaving uncertainty regarding its economic impact.
• No specific information on how this agreement will affect CareView's stock performance or shareholder value.

LEWISVILLE, Texas--(BUSINESS WIRE)-- CareView Communications, Inc., a leading provider of integrated virtual care solutions for the healthcare industry ("CareView" or the "Company") (OTCQB: CRVW), is excited to announce that it has signed a national MOU-ISA with the Department of Veteran Affairs (VA).

The agreement between CareView and the VA allows CareView to expedite and improve services rendered, including system support and updates. This is in conjunction with its national Business Associate Agreement (BAA).

“CareView greatly values our relationship with each of our VA customers, and the national MOU-ISA positions us to provide the best service possible to the VA in support of the veterans they serve,” explained Sandra McRee, Chief Operating Officer at CareView Communications.

CareView has multiple channels by which it can provide services to VA facilities, including:

• General Services Administration (GSA)
• Service-Disabled Veteran Owned Small Business (SDVOSB)
• Telecare Companion IDIQ

“We have been doing business with the VA since 2016, serving VISNs and facilities across the country,” said McRee. “Each reaffirms our commitment to providing the best possible service to the VA and improving patient safety to our veterans.”

About CareView Communications, Inc.

CareView has been dedicated to supporting hospital care teams for over a decade with its innovative virtual care solutions. The Company has established successful partnerships with over 200 hospitals nationwide, implementing effective inpatient virtual care strategies that greatly enhance patient safety and overcome critical staffing challenges. The CareView platform, fueled by industry-leading predictive technology and supported by its purpose-built hardware, specifically addresses the unique requirements of virtual nursing and virtual sitting use cases. The CareView team works closely with their hospital partners to understand their evolving needs and deliver tailored virtual care strategies that align with their objectives. By providing healthcare professionals with the tools they need to deliver exceptional care, CareView contributes to improved patient outcomes and a more sustainable healthcare ecosystem. Learn more at care-view.com or follow CareView on LinkedIn.

Forward-Looking Statements

Statements made in this release that are not historical or current facts are “forward-looking” 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/20240604523166/en/

Steven G. Johnson

President and Chief Executive Officer

CareView Communications, Inc.

(972) 943-6050

Source: CareView Communications, Inc.

FAQ

What did CareView Communications announce in its recent press release?

CareView Communications announced the signing of a national MOU-ISA with the Department of Veteran Affairs.

What is the significance of the MOU-ISA agreement between CareView Communications and the VA?

The MOU-ISA will streamline and enhance CareView's services to VA facilities, improving system support and updates.

How long has CareView Communications been providing services to the VA?

CareView Communications has been providing services to the VA since 2016.

Which service channels does CareView use to support VA facilities?

CareView uses channels such as the General Services Administration (GSA) and Service-Disabled Veteran Owned Small Business (SDVOSB) Telecare Companion IDIQ.

What is the expected impact of the MOU-ISA on veteran patient safety?

The MOU-ISA aims to improve patient safety for veterans by enhancing the services provided by CareView.