Careview Comm Stock Price, News & Analysis

CareView Communications announced a strategic partnership with Voyce to enhance its Patient Safety System. The integration will allow healthcare providers to access real-time video interpreter services, aiding communication in diverse language settings. CareView aims to improve patient outcomes by facilitating better interaction between medical staff and patients. The technology is expected to be particularly valuable, as 20% of Americans speak a language other than English at home. CareView's system has previously reduced patient falls by 80% and sitter costs by over 65% across its installations.

CareView Communications (OTCQB: CRVW) has received FIPS 140-2 certification for its CareView Cryptographic Module, essential for encrypting protected health information (PHI) and personally identifiable information (PII). This certification enhances CareView's ability to meet security standards required by healthcare systems, including the U.S. Veterans Health Administration. The module will be available to current and future customers at no extra cost, providing CareView a competitive advantage in medical facility markets. This reflects CareView’s commitment to patient safety and operational efficiencies.

CareView Communications, Inc. (OTCQB: CRVW) has expanded its agreement with Clovis Community Medical Center in California to enhance its Patient Safety System®. The new three-year agreement includes a sales-based revenue model and was formed to support hospital expansion. CareView's innovative system aims to improve patient safety and care quality, especially for at-risk patients. The company has also seen growth in its TeleMedView platform, responding to the rising demand for remote patient monitoring. This expansion reflects CareView's commitment to providing advanced healthcare solutions.

CareView Communications, Inc. (OTCQB: CRVW) announced the issuance of eight new patents related to its CareView System for the six months ended June 30, 2021. These patents enhance the company’s patient safety product portfolio, focusing on innovations such as smart bed integration and advanced monitoring systems with 3D and thermal sensors. The company aims to improve patient care, allowing remote sitters to monitor up to 40 patients simultaneously. CareView's technology has proven effective, achieving an 80% reduction in patient falls and 65% savings in sitter costs across over 150 hospitals.

CareView Communications, Inc. (OTCQB: CRVW) reported robust financial results for Q1 2021, with combined revenue reaching approximately $2.3 million, up from $1.7 million in Q1 2020. This 36% growth was mainly attributed to increased sales of the new Gen5 equipment and new sales-based contracts totaling $940,000. The company reported a net loss of $2.5 million, a 15.5% decrease from the previous year. Management anticipates further growth in telemedicine and monitoring services, aiming for increased operating income and EBITDA.

CareView Communications, Inc. (OTCQB: CRVW) announced new sales-based contracts worth $1,800,000 in Q4 2020. The company is shifting towards a sales-based model with higher profit margins and recurring revenue. This includes a three-year hospital agreement with up-front fees for the first year. CareView's telemedicine platform, TeleMedView, has gained traction amid increasing demand for remote patient monitoring due to COVID-19. The company is seeing growing interest from VA hospitals and expects this trend to continue throughout 2021.

CareView Communications (OTCQB: CRVW) has expanded its hospital agreement with Baptist Health South Florida to include Doctor’s Hospital in Coral Gables, Florida. This three-year agreement covers the installation of CareView's hardware and software solutions, aimed at enhancing patient safety and operational efficiency. CareView’s technology has demonstrated significant success, reducing patient falls by 80% and sitter costs by over 65%. The company continues to innovate in patient video monitoring solutions, with installations in over 150 hospitals nationwide.

CareView Communications, Inc. (OTCQB: CRVW) announced a three-year agreement with Maury Regional Medical Center in Tennessee. This partnership focuses on implementing CareView’s Gen 5 technology, which aims to enhance patient safety, especially in ICUs and COVID-19 units. Maury Regional is recognized for its safety initiatives and serves over 250,000 individuals. CareView's solutions have reportedly reduced patient falls by 80% and sitter costs by over 65%. This collaboration is expected to support Maury Regional in providing superior patient care.

CareView Communications (OTCQB: CRVW) has partnered with Decisive Point Consulting Group to implement its Patient Safety System at the Amarillo VA Health Care System in Texas. This initiative aims to enhance veteran care by reducing patient falls using advanced video monitoring solutions, including virtual bed rails. The company plans to install its latest Gen 5 hardware, which is designed to cater to various clinical environments. CareView's technology reportedly decreased patient falls by 80% in existing installations, promoting a culture of safety and operational savings.