Careview Comm Stock Price, News & Analysis

CareView Communications, Inc. (OTCQB: CRVW) has secured a multi-year contract with Vizient, Inc., the largest healthcare performance improvement company in the U.S. This contract enables Vizient members to access pre-negotiated pricing for CareView's Patient Safety System, a telesitting and virtual nursing solution. The technology aims to address staffing shortages, reduce patient falls by up to 80%, and lower sitter costs by over 65%. The system utilizes patented Virtual Bed Rails® to enhance patient safety and improve operational efficiency for healthcare providers.

CareView Communications (OTCQB: CRVW) has announced a strategic integration with SONIFI Health, enhancing communication between care teams and patients through existing interactive TV platforms in patient rooms. This integration aims to improve patient engagement and alleviate labor challenges faced by hospitals by creating a scalable virtual care system. The CareView Patient Monitoring System® will serve as a central hub for telecare, enabling virtual nursing and hybrid care models that reduce costs and improve staff efficiency. CareView's solutions have demonstrated significant operational savings, including an 80% decrease in patient falls.

CareView Communications, Inc. (OTCQB: CRVW) has announced updates to its CareView Patient Safety System®, Version 5.7, enhancing integration with Enterprise Data Warehouse (EDW) and SONIFI Health. This integration will enable customized reporting by combining various patient data sources, improving care delivery. The new system allows for 2-way video interactions without nursing involvement, easing staff workloads. Enhanced reporting capabilities will track key performance indicators, supporting better patient outcomes. These advancements were developed in collaboration with CareView's Clinical End User Group.

CareView Communications (CRVW) has signed a new agreement with a major Alaska hospital to implement its Patient Safety System®. This system enables remote monitoring of patients at risk of falls or behavioral issues through advanced technologies, including machine learning and 2-way audio communication. The system has demonstrated significant benefits, with reported reductions in patient falls by 80% and sitter costs by over 65% across more than 150 hospital installations. CareView continues to innovate in patient safety, aiming to enhance healthcare operations.

CareView Communications, Inc. (OTCQB: CRVW) has announced a successful private placement of 2.5 million shares priced at $0.10 each, purchased by its Board members. Given a stockholder deficit exceeding $117 million, the Board aims to restructure approximately $40 million in long-term debt into shares to alleviate competitive financial disadvantages. This proposal also includes the forfeiture of accrued interest of about $48.5 million and warrants for future shares. CEO Steven G. Johnson anticipates closing substantial contracts in late 2022 and early 2023.

CareView Communications, Inc. (OTCQB: CRVW) has expanded its partnership with the Amarillo VA Health Care System, enhancing the Community Living Center’s patient safety initiatives. The CareView Patient Safety System® uses video monitoring technology to predict and prevent patient falls, with expectations to further reduce incidents in its inpatient Medical/Surgical unit. With proven efficacy, CareView has shown an 80% decrease in patient falls and a 65% reduction in sitter costs across over 150 hospitals, affirming its commitment to improving healthcare safety and operational efficiency.

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.

CareView Communications (OTCQB: CRVW) has partnered with the San Francisco VA Health Care System through Decisive Point Consulting Group to enhance patient safety using its innovative Patient Safety System. This system utilizes advanced technology for continuous remote monitoring, reducing the risk of patient falls and operational costs. It is the only virtual sitter solution without audible alarms, prioritizing patient privacy. CareView aims to expand its services to more VA hospitals, as the company reports a significant decrease in patient falls and sitter costs across its installations.

CareView Communications, Inc. (CRVW) announced that its CareView Patient Safety System has attained HITRUST Risk-based, 2-year Certified status, validating its commitment to information security. This certification confirms that CareView's system meets critical regulatory and industry standards. As a leader in patient video monitoring solutions, CareView operates in over 150 hospitals, showcasing an 80% reduction in patient falls and over a 65% decrease in sitter costs. The company continues to innovate in patient safety solutions, enabling hospitals to enhance operational efficiency and care quality.