Careview Comm Stock Price, News & Analysis

CareView Communications (OTCQB: CRVW) has signed a three-year agreement with a major for-profit health system to deploy its Patient Safety System® in seven facilities across 80 mobile units. This partnership integrates with the health system's electronic health record and nurse communication systems to enhance clinical workflows and response times. CareView's system aims to improve patient care and safety, with notable reductions in patient falls and sitter costs in existing installations. The technology has shown an 80% decrease in patient falls and a 65% reduction in sitter costs over the past decade.

CareView Communications, Inc. (OTCQB: CRVW) has expanded its hospital agreement with Beauregard Health System in DeRidder, LA, under a three-year contract utilizing a new sales-based pricing model. The Patient Safety System® has shown positive outcomes, including reduced patient falls and diminished costs for one-to-one sitters. CareView aims to enhance patient safety and quality care with innovative technology designed for various clinical settings. The company has a track record of decreasing patient falls by 80% and reducing sitter costs by over 65% across more than 150 hospitals.

CareView Communications (OTCQB: CRVW) has partnered with Shore Systems to provide innovative patient safety technology to Veterans Health Administration (VHA) facilities through a new IDIQ contract. The contract will allow CareView to extend its Patient Safety System to veterans, significantly improving patient monitoring and safety.

This technology has already achieved an 80% reduction in patient falls and over a 65% decrease in sitter costs across more than 150 hospitals, demonstrating its effectiveness in enhancing healthcare safety.

CareView Communications, Inc. (OTC-PINK: CRVW) has expanded its agreement with a major non-profit healthcare system in North Texas. This three-year agreement will allow CareView to implement its Patient Safety System® in four additional hospitals. The new sales-based revenue model aims to enhance patient safety and care quality in various clinical settings, including ICUs and behavioral health units. CareView's technology has successfully reduced patient falls by 80% and sitter costs by over 65%, reinforcing its commitment to improving healthcare delivery.

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.