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Company Description

Contact Info

405 State Highway 121 Bypass

Suite B-240

Lewisville, TX 75067

United States

Phone: 972-943-6050

Fax: 972-403-7659

www.care-view.com

CareView Communications, Inc. offers a system called CareView System that connects patients, families, and healthcare providers. The company works with all types of hospitals, nursing homes, adult living centers, and selected outpatient care facilities in the United States and internationally. The company serves 18 hospitals. Service Offerings The company offers various services designed to meet hospital needs. The CareView System provides real-time and recorded video monitoring of patients, as well as other value-added services. The company offers various services, including SecureView, NurseView, PhysicianView, Virtual Bed Rails, SitterView, PatientView, NetView, MovieView, FacilityView, BabyView, and EquipmentView. The company offers the CareView System in its Primary Package, Patient Services Package, and Connectivity Package. Primary Package The company’s Primary Package provides nursing staff the ability to monitor patients from the nursing station on a continuous basis, eliminating the need for countless trips to a patient’s room. This package allows physicians to visit their patients remotely at times when they are unable to make a personal visit. The Primary Package includes SecureView, NurseView, PhysicianView, Virtual Bed Rails, and Fall Management Program. SecureView is a video monitoring system that offers patient attention with documentation and recording of all activity in patients’ room, ancillary departments, waiting rooms, hallways, stairwells, back doors, inventory areas, and parking lots. SecureView also provides risk managers with a ‘Video Incident Report’; provides a thorough recorded documentation of patient care; documents and records the provision of care, administration of drugs, nursing visits, housekeeping service, dietary delivery, and patient movements; provides improved patient safety; and provides a record of ‘Best Practice’. NurseView is a remote monitoring tool designed to create a hospital environment. NurseView provides a continual observation and monitoring system for nurses; provides a room security system; provides a documentation system of patient care; provides constant visual contact and reduces unnecessary trips to a patient’s room; uses infrared cameras to allow night viewing without disturbing the patient; provides the patient and their family with comfort by knowing that a trained medical professional is always watching; and provides remote monitoring features that improve patient care. PhysicianView enables physicians to make E-visits and video rounds from any personal computer or personal digital assistant. The CareView System accommodates this type of two-way communication between physician and patient, providing the physician with a ‘paid office visit’ even when treating the patient from a remote location. PhysicianView promotes immediate access to patients when they need it; improves the quality and timeliness of patient care; provides physicians with the capability to leave notes for the patient’s family; increases physician-to-patient communication; and provides doctors with a reimbursable event. Virtual Bed Rails is a prediction system that monitors a patient’s activity while in bed and provides healthcare facilities with a management tool to review all patient falls, averted falls, and response time to falls, and establishes a review tool to improve the hospital’s performance regarding risk of falls. Once Virtual Bed Rails are engaged for a patient at high risk for a fall, the CareView System automatically identifies the particular patient/room within the system and creates an archive that specific patients have been so protected. This fall prevention program alerts nurses to patient movement and the need for quick intervention, and provides a real-time video image of the patient. Patient Services Package Products in the Patient Services Package are purchased individually by patient/users. PatientView is a service that could be enjoyed by patients, friends, and family. It also provides a message board that could be used as a family communication network during the patient’s stay to provide Health Insurance Portability Accountabil

 

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CRVW

Industry Average

Valuation CRVW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 46.3x
Price/Book 71.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 32.5x
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