February 6, 2012
CareView Communications (OTCBB: CRVW) has completed development of SitterView™, an innovative application that employs mobile technology to enable healthcare providers to better utilize patient sitters, improve patient safety, and reduce sitter costs. SitterView™ allows a single sitter the ability to monitor multiple patients and utilize the safety features of CareView’s NurseView™ and Virtual Bed Rails™ applications. SitterView™ is ready for immediate deployment to existing and new users of the CareView System™.
According to Samuel A. Greco, CareView’s Chief Executive Officer, “CareView is continually working to help our healthcare facilities better utilize technology and human resources to better serve patients, reduce costs and help create the safest environment possible. We believe SitterView™ does that and more. SitterView™ uses smart pad technology to allow a single sitter to monitor multiple patients and multiple sitters to cover each other to insure that patients at risk for a fall continually have multiple sets of eyes on them. We are committed to providing cost-effective solutions that enhance safety and care while reducing costs. SitterView™ accomplishes that goal and we are sure that our existing and new customers will see this beneficial add-on as an integral part of patient safety in their facilities.”
January 11, 2012
CareView Communications (OTCBB: CRVW) has entered into an agreement to issue an additional $5 million of Senior Secured Convertible Notes to funds managed by HealthCor Partners Management and HealthCor Management (collectively “HealthCor”). HealthCor is a leading investment manager in the healthcare and life sciences sectors. The closing of the financing is expected to occur in approximately three to four weeks.
According to HealthCor’s Senior Managing Director, Jeffrey Lightcap, “We have been very pleased with the progress that CareView has made over the course of the last nine months and are looking forward to continuing to work with the Company to revolutionize the way that most hospitals provide patient care.”
December 6, 2011
CareView Communications (OTCBB: CRVW) has deployed View Products™, an application to enhance patient satisfaction and protect medical reimbursements. Effective October 1, 2012, the Centers for Medicare & Medicaid Services can begin withholding one percent or approximately $850 million of regular reimbursements based on hospital performance. The patient experience at the hospital makes up for thirty percent (30%) of that total bonus payment. The Company’s View Products™ application is a collection of patient amenity offerings that hospitals can use to enhance patient satisfaction to increase the likelihood of full reimbursement for services provided.
According to Samuel Greco, CareView’s CEO, “Now, more than ever, hospitals need to devote more attention to patient satisfaction; not only for the good of patients and their families, but to protect their reimbursement. With CareView’s View Products™, we can help our hospitals accomplish greater patient satisfaction and reimbursement with no capital expenditure and for just pennies per day.”
November 29, 2011
CareView Communications, Inc. (OTCQB: CRVW), an information technology provider to the healthcare industry, announced today the execution of a pilot agreement with IASIS Healthcare, a leading owner and operator of acute care hospitals in high-growth urban and suburban markets (“IASIS”). Under the terms of the pilot agreement, CareView will install its CareView System™ for a six-month trial basis in approximately 100 beds. The installations will be made in Mountain Vista Medical Center in Mesa, Arizona, and St. Joseph Medical Center in Houston, Texas. Upon satisfactory completion of the pilot agreement, IASIS intends to deploy the CareView System™ in its hospital operations which consist of 18 acute care hospitals in 7 states.
In the release, Samuel A. Greco, CareView’s Chief Executive Officer stated “We are confident that our pilot agreement with IASIS will be completed successfully and anticipate a long-term relationship with IASIS as we deploy the CareView System™ in its hospitals. IASIS already provides excellent services to its patients, and we are certain its care providers will find that our CareView System™ helps them promote their commitment to high quality patient care in a safe environment.”
November 10, 2011
CareView Communications (OTCBB: CRVW) has named Anthony P. Piccin as the Company’s Chief Financial Officer, Vice President Finance, Secretary and Treasurer. From July 18, 2011 to November 7, 2011, Mr. Piccin served as Controller of the Company. Mr. Piccin brings over 20 years of operational and financial experience in both public and private companies. From April 2006 to June 2011, Mr. Piccin served as Director of Accounting and Assistant Controller of ADT Security Services, formerly Broadview Security/Brinks Home Security, in Irving, Texas, where he was responsible for leadership, training/development and direction for a staff of 37, responsible for timely monthly accounting, accurate financial reporting per GAAP/SEC requirements, external auditor relations/quarterly review and year-end audit compliance, accounting policy and procedure, departmental SOX compliance and documentation, technical accounting research, maintenance of accounting systems, inventory and asset management control, accounts payable and vendor relationships.
October 19, 2011
CareView Communications, Inc. (OTCBB: CRVW), an information technology provider to the healthcare industry, announced today the execution of a pilot agreement with Palmetto Health Richland in Columbia, South Carolina (“Palmetto Health Richland”), one of the largest hospitals in the southeast. Palmetto Health Richland is a regional community teaching medical center affiliated with the University of South Carolina. It has 649 beds, 4,200 employees and a staff of more than 900 medical and dental staff providing a wide range of primary and specialty healthcare services. Palmetto Health Richland is part of Palmetto Health, the region’s largest, most comprehensive, locally owned, not-for-profit healthcare resource which includes six hospitals. Under the terms of the pilot agreement, CareView will install its CareView System™ for a six-month trial basis in approximately 82 beds.
In the release, Samuel A. Greco, CareView’s Chief Executive Officer stated: “We welcome Palmetto Health Richland to the CareView family. We are eager to continue to develop our working relationship with them to help them fulfill their daily commitment to high quality service in the safest environment possible. We are confident that the CareView System™ will exceed expectations in this pilot program and that Palmetto Health will welcome the further deployment of our superior product throughout their facilities.”
September 6, 2011
CareView Communications (OTCBB: CRVW) has entered into an agreement with St. Francis Medical Center in Memphis, Tennessee. Under the terms of the agreement, CareView will provide enhanced healthcare information technology solutions to St. Francis, including:
- The ability to implement audit tools to ensure that quality standards are being met and safety measures are being complied with while both are used to further educate caregivers at St. Francis to continually enhance quality and safety for their patients.
- Doctors, nurses and other healthcare providers with the ability to efficiently and cost-effectively monitor, treat and visit their patients.
- Family members and friends with the ability to use the Internet to monitor, visit, and correspond with their loved ones who are patients at St. Francis.
- Patients and their visitors with direct access to on-demand high-speed Internet and first run movies in their rooms.
September 1, 2011
CareView Communications (OTCBB: CRVW) has closed on a two-year, $20 million revolving line of credit with Comerica Bank and Bridge Bank, National Association. This credit line will will provide capital for the Company to purchase equipment and perform installations pursuant to expected new contracts with certain healthcare providers. Amounts drawn on the revolving line of credit will initially bear interest at a rate of 7.0% per annum. In connection with the line of credit, the Company has issued warrants to the lenders to purchase an aggregate of 1,428,572 shares of the Company’s common stock that have an exercise price of $1.40 per share.
By way of further introduction, CareView has created a proprietary high-speed data network system that can be deployed throughout a healthcare facility using the existing cable television infrastructure. This network supports CareView’s Room Control Platform and complementary suite of software applications designed to streamline workflow and improve value-added services offered to customers. Real-time bedside monitoring and point-of-care video monitoring and recording improve efficiency while limiting liability, and entertainment packages and education enhance quality of stay.