LEWISVILLE, Texas--(BUSINESS WIRE)--CareView Communications, Inc. ("CareView" or the "Company") (OTCQB: CRVW), an information technology provider to the healthcare industry, announced today that it recently executed a Master Agreement with a major multi-facility hospital group to carry its CareView System® suite of products and services. This hospital group, whose name cannot be released due to a non-disclosure agreement, operates over 70 hospitals with over 20,000 licensed beds. CareView will receive installation agreements from facilities within the hospital group and will begin installing its products and services as soon as practicable thereafter.
Steven Johnson, CareView's Chief Executive Officer, stated, "For healthcare facilities looking for an effective, affordable and innovative way to improve performance throughout their facility, our products are the answer. CareView-driven facilities have shown documented success in reducing patient falls and sitter costs, improving overall patient satisfaction, streamlining and documenting patient education at the bedside, and improving patient flow and overcrowding." Mr. Johnson continued, "The recent increase in completed sales appears to be a validation that our products are becoming an accepted part of healthcare quality, safety and cost savings."
Sandra McRee, CareView's Chief Operating Officer, stated, "The use of our evolving products and on-demand services greatly increases the access to quality medical care and education for patients. We are excited to be able to spotlight the excellent results obtained by hospitals using our products that have seen up to a 50% reduction in patient falls and sitter costs. These and other successes protect a facilities' reimbursement from loss due to Never Events and poor patient satisfaction."
About CareView Communications, Inc.
CareView's mission is to be the leading provider of products and on-demand application services for the healthcare industry by specializing in bedside video monitoring, archiving and patient care documentation systems and patient entertainment services. Through the use of telecommunications technology and the Internet, our products and on-demand services will greatly increase the access to quality medical care and education for both consumers and healthcare professionals. We offer the next generation of patient care through our unique data and patient monitoring system that connects patients, families and healthcare professionals (the "CareView System®"). Our proprietary, high-speed data network system may be deployed throughout a healthcare facility to provide the facility with recurring revenue and infrastructure for future applications. Real-time bedside and point-of-care video monitoring and recording improve efficiency while limiting liability, and entertainment packages and patient education enhance the patient's quality of stay. Through continued investment in patient care technology, we are helping hospitals and assisted living facilities build a safe, high quality healthcare delivery system that best serves the patient, while striving for the highest level of patient satisfaction and comfort. CareView is dedicated to working with all types of hospitals, nursing homes, adult living centers and selected outpatient care facilities domestically and internationally.
Corporate offices are located at 405 State Highway 121 Bypass, Suite B-240, Lewisville, TX 75067. More information about the Company is available on the Company’s website at www.care-view.com.
Questions may be directed to Steven Johnson, President and Chief Executive Officer at (972) 943-6044.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of CareView Communications, Inc. Certain statements in this release, including those related to the Master Agreement with a major multi-facility hospital group, the number of hospitals and number of beds represented by the multi-facility hospital group, the installation agreements with each facility, that CareView products are the answer to healthcare facilities looking for an effective, affordable and innovative way to improve performance, and results obtained by hospitals using our products that have seen up to a 50% reduction in patient falls and sitter costs, are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
