|[January 14, 2013]
CareView Communications, Inc. Announces Execution of Pilot Agreements with Two Universal Health Services, Inc. Hospitals
LEWISVILLE, Texas --(Business Wire)--
CareView Communications, Inc. ("CareView" or the "Company") (OTCQB:
CRVW), an information technology provider to the healthcare industry,
announced today the execution of pilot agreements with Spring Valley
Hospital Medical Center ("Spring Valley Hospital"), a 231-bed hospital,
and Desert Springs Hospital Medical Center ("Desert Springs Hospital"),
a 293-bed hospital, which comprise two of five Las Vegas hospitals owned
by Universal Health Services, Inc. ("UHS").
The pilot agreements are for a three-month period with an extension
clause for an additional thirty day period. Under the pilot agreements
with these UHS hospitals, CareView agrees to install its CareView System®
products and services including the SecureView®,
PhysicianView®, NurseView®, SitterView™, GuestView™,
BedView™, Virtual Bed Rails®, and Virtual Chair
Rails™ modules and the Fall Management Program (as described
below). Both hospitals agree to specifically measure (i) the number of
patient falls comparing those beds using the CareView System products
and services and those not, (ii) the reduction in sitter costs and (iii)
the impact on patient satisfaction.
"As with our other successful pilot programs, we are confident that the
pilots with Spring Valley Hospital and Desert Springs Hospital will also
prove successful and will lead to a significant deployment as early as
the second quarter of 2013. We know that the UHS hospital group takes
great pride in the superior care given to their patients and we look
forward to playing a vital role in their continued quest for excellence.
Our CareView System products and services will allow UHS hospitals to
manage their patients and hospital beds more effectively while promoting
their commitment to patient safety and satisfaction," stated Samuel A.
Greco, CareView's Chief Executive Officer.
CareView System Modules
SecureView monitors and records bedside activity in the patient's
room. All privacy and access options are determined and configured by
PhysicianView enables the admitting physicians and non-physician
staff members t view their patients from any personal computer. All
privacy and access options are determined by the hospital.
NurseView allows authorized users to view monitored rooms from
the nursing station or mobile device. All privacy and access options are
determined and configured by the hospital.
SitterView allows a primary and secondary sitter to monitor
multiple patients using a touch screen mobile device.
GuestView offers a suite of services including access to movies
and the Internet and virtual visits from family and friends.
BedView provides a real-time digitized overview, both on
stationary and mobile monitors, of the status of all hospital beds to
provide better patient placement and prevent overcrowding. Patient flow
is important to the efficiency of any hospital from quickly admitting a
patient in the correct bed to a quicker patient discharge and bed
Virtual Bed Rails allow the hospital to activate a safety module
that will notify the nursing station when a patient exits a defined area
in the patient bed.
Virtual Chair Rails allow the hospital to activate a safety
module that will notify the nursing station when a patient exits a
defined area in the patient room chair.
Fall Management Program allows the hospital to separately file,
identify and research the activity of patients for whom Virtual Bed
Rails were engaged.
About CareView Communications, Inc.
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. This
technology may also act as an interface gateway for other software
systems and medical devices moving forward. 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. Questions may be directed to
Steven Johnson (News - Alert), President and Chief Operating Officer, at (972)
943-6050. More information about the Company is available on the
Company's website at www.care-view.com.
About Universal Health Services, Inc.
Universal Health Services, Inc. is one of the nation's largest hospital
companies, operating through its subsidiaries, behavioral health
facilities, acute care hospitals, and ambulatory centers throughout the
United States, Puerto Rico, and the U.S. Virgin Islands.
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 and other written or oral
statements made by or on behalf of the Company 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.
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