CareView Communications, Inc. Announces Execution of Pilot Agreements with Two Universal Health Services, Inc. Hospitals Business Wire LEWISVILLE, Texas -- January 14, 2013 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 the hospital. PhysicianView enables the admitting physicians and non-physician staff members to 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 turnover. 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, 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. Contact: CareView Communications, Inc. Steven Johnson, 972-943-6050
CareView Communications, Inc. Announces Execution of Pilot Agreements with Two Universal Health Services, Inc. Hospitals
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