Careview Comm Stock Price, News & Analysis

CareView Communications (OTCQB: CRVW) has announced a new business agreement with Alaska Native Medical Center, a 182-bed hospital facility providing comprehensive medical services to Alaska Natives and American Indians. The partnership aims to implement CareView's Patient Safety System, which utilizes artificial intelligence and patented predictive technology for virtual patient monitoring.

The agreement expands CareView's presence in the Pacific Northwest, where they've experienced growth over the past two years. The system features Virtual Bed Rails® and Virtual Chair Rails® technology, enabling centralized monitoring of multiple patients to enhance safety while reducing sitter costs.

Alaska Native Medical Center, a Vizient client, aligns with CareView's existing partnerships, following CareView's recognition with the Vizient Innovative Technology Award in 2022 for virtual sitting.

CareView Communications (OTCQB: CRVW) has announced a new business agreement with Doctors Hospital in Coral Gables, Florida, part of Baptist Health South Florida's network of 11 hospitals and over 100 physician practices. Under this agreement, CareView will provide its latest Generation 5 Controller and software platform, including virtual nursing capabilities.

The implementation will feature CareView's Patient Safety System, which utilizes AI and patented predictive technology, including Virtual Bed Rails® and Virtual Chair Rails®, for continuous patient monitoring from a centralized location. The system aims to enhance patient safety, reduce sitter costs, and optimize virtual sitting outcomes at Doctors Hospital, which is notably home to Baptist Health's nationally recognized Orthopedic Institute.

CareView Communications (OTCQB: CRVW) has announced a new business agreement with Mercy Medical Center in Cedar Rapids, Iowa. Mercy Medical Center is a major healthcare provider in Eastern Iowa, employing nearly 3,000 individuals across more than two dozen locations.

The agreement will implement CareView's Patient Safety System, which utilizes AI and patented predictive technology, including Virtual Bed Rails® and Virtual Chair Rails®, to enable continuous monitoring of multiple patients from a centralized location. The system aims to enhance patient safety while reducing sitter costs.

Mercy Medical Center operates under a group purchasing organization (GPO) contract with Vizient, Inc., with whom CareView maintains strong relationships and serves multiple healthcare systems.

CareView Communications (OTCQB: CRVW) has announced a new business agreement with Confluence Health, a major medical provider in North Central Washington. Confluence Health operates with approximately 300 physicians, 170 advanced practice providers, 30 medical specialties, and two hospitals.

The partnership aims to implement CareView's Patient Safety System, which utilizes AI and patented predictive technology, including Virtual Bed Rails® and Virtual Chair Rails®, for continuous patient monitoring from a centralized location. The system is designed to enhance patient safety while reducing sitter costs.

Notably, Confluence Health has a group purchasing organization (GPO) contract with Premier Inc., and CareView was recently awarded a national group purchasing agreement for Virtual Care with Premier Inc., creating additional synergies between the organizations.

CareView Communications has signed a new agreement with Lakeview Specialty Hospital and Rehabilitation Center in Wisconsin. Lakeview, a 30-bed inpatient facility, aids patients recovering from various medical conditions. CareView's Patient Safety System will be implemented to enhance patient safety and reduce falls, leveraging AI and predictive technology like Virtual Bed Rails® and Virtual Chair Rails®. The agreement also builds on CareView's recent national group purchasing agreement with Premier Inc., which aligns with Lakeview's existing GPO contract with Premier. This partnership underscores CareView's commitment to improving patient safety and delivering a positive ROI for its customers.

CareView Communications (OTCQB: CRVW) has achieved HITRUST r2 Certification for its Patient Safety System, demonstrating high-level information protection assurance. This certification validates that both cloud and on-premises systems meet strict regulatory compliance and industry requirements for security and data protection. CareView has maintained HITRUST r2 Certification since 2017 and has now added security controls for responsible AI usage. The certification places CareView among an elite group of organizations worldwide with this level of security validation.

CareView Communications (OTCQB: CRVW) has secured a national group purchasing agreement with Premier, Inc. for Virtual Care, effective September 1, 2024. This agreement allows Premier's network of approximately 4,350 U.S. hospitals and 325,000 other providers to access special pricing for CareView's virtual nursing, virtual sitting, and virtual care solutions.

CareView's offerings include the Patient Safety System, which uses AI and patented predictive technology for continuous patient monitoring, and the Patient Care System for virtual nursing. These solutions aim to enhance patient safety, reduce sitter costs, and improve overall patient experiences while alleviating bedside workload for nurses.

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.

CareView Communications has announced the release of Software Version 5.12, aimed at enhancing patient safety and care technology. The update introduces several new features, including Virtual Room Rails, which use computer vision to monitor patients at risk of elopement. Another key feature is the integration with Spok, enabling virtual sitters to communicate quickly with unit staff to improve patient safety. Additionally, the Patient Observation Documentation Module allows staff to document patient behavior seamlessly. This release underscores CareView's commitment to improving patient care through innovative virtual care solutions.