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.”