{"id":475324,"date":"2021-04-13T08:03:25","date_gmt":"2021-04-13T12:03:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/careview-communications-announces-sales-for-q4-2020\/"},"modified":"2021-04-13T08:03:25","modified_gmt":"2021-04-13T12:03:25","slug":"careview-communications-announces-sales-for-q4-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/careview-communications-announces-sales-for-q4-2020\/","title":{"rendered":"CareView Communications Announces Sales For Q4 2020"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CareView Communications Announces Sales For Q4 2020<\/b><\/p>\n<p class=\"bwalignc\"><i>New pricing model to have immediate impact on cash flow<\/i><\/p>\n<p class=\"bwalignc\"><i>TeleMedView platform meets demand for remote patient monitoring<\/i><\/p>\n<p>LEWISVILLE, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCareView Communications, Inc. (&#8220;CareView&#8221; or the &#8220;Company&#8221;) (OTCQB: CRVW), an information technology provider to the healthcare industry, today announced that new sales-based contracts were executed in the fourth quarter of 2020 with an aggregated contract sales price of $1,800,000. CareView\u2019s contracts typically include multiple combinations of products, software solutions and services with multiple payment options. Some customers continue to lease equipment under CareView\u2019s subscription model while others purchase the equipment upfront under CareView\u2019s recently implemented sales-based contract model with an auto-renewal at the end of each contract period. CareView expects that the bulk of new contracts to be executed in fiscal year 2021 will be sales-based. CareView has recently seen an increased number of VA hospitals coming to contract and anticipates that number will continue to grow throughout 2021.\n<\/p>\n<p>\nCareView\u2019s new sales-based pricing model, developed alongside its recent Gen5 platform upgrade, is expected to have an immediate impact on the Company\u2019s operations resulting in greater cash flow within 30 days of contract signing. In addition, the new contracting model will provide higher profit margins and recurring revenue. Customers are billed for the hardware on acceptance of the contract, equipment is delivered and installed, and then CareView bills for the installation, training and annual software license fee. CareView continues to bill the facility an annual software license fee until end of the contract. The new model calls for a 3-year hospital agreement at capital expenditure pricing, which has been very well received in the industry. Hardware and software fees are paid up front for the first year with customers paying only the software pricing in in future years.\n<\/p>\n<p>\nThe use of telemedicine has recently seen a sharp increase, in part due to the COVID-19 pandemic, in order to slow the exposure from patient to clinician resulting in hospitals saving money on PPE while keeping medical staff and families safe. CareView has experienced a corresponding growth in the use of its telemedicine platform, TeleMedView. TeleMedView was created in response to the growing demand for remote patient monitoring driven by increasing demands for care and staffing shortages in the healthcare industry.\n<\/p>\n<p>\nSandra McRee, CareView\u2019s Chief Operating Officer, stated, \u201cThere were times when hospitals used telemedicine for a matter of convenience, but now it has been deemed a necessary mechanism. The fear of COVID-19 is not expected to dissipate anytime soon, which means that the need for telemedicine will continue to grow.\u201d\n<\/p>\n<p><b><span class=\"bwuline\">About CareView Communications, Inc.<\/span><\/b><\/p>\n<p>\nAs a leader in turnkey patient video monitoring solutions, CareView is redefining the standard of patient safety in hospitals and healthcare facilities across the country. For over a decade, CareView has relentlessly pursued innovative ways to increase patient protection, providing next generation solutions that lower operational costs and foster a culture of safety among patient, staff and hospital leadership. With installations in more than 150 hospitals, CareView has proven that its innovative technology is creating a culture of patient safety where patient falls have decreased by 80% with sitter costs reduced by more than 65%. Anchored by the CareView Patient Safety System, this modular, scalable solution delivers flexible configurations to fit any facility while significantly increasing patient safety and operational savings. All configurations feature HD cameras, high-fidelity 2-way audio\/video, LCD displays for the ultimate in capability, flexibility, and affordability. Corporate offices are located at 405 State Highway 121 Bypass, Suite B-240, Lewisville, TX 75067. More information about the Company and its products and services is available on the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.care-view.com&amp;esheet=52410717&amp;newsitemid=20210413005394&amp;lan=en-US&amp;anchor=www.care-view.com&amp;index=1&amp;md5=c609bc1053b447713c01b3bfc3041ddb\">www.care-view.com<\/a>.\n<\/p>\n<p><b><span class=\"bwuline\">Forward Looking Statements<\/span><\/b><\/p>\n<p><i>Statements made in this release that are not statements of historical or current facts are \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210413005394r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210413005394\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210413005394\/en\/<\/a><\/span><\/p>\n<p>\nSteven G. Johnson<br \/>\n<br \/>President and Chief Executive Officer<br \/>\n<br \/>CareView Communications, Inc.<br \/>\n<br \/>(972) 943-6050\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Audio\/Video Hardware General Health Health Data Management Hospitals Technology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210413005394\/en\/829654\/3\/CareView-New_logo-2020.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CareView Communications Announces Sales For Q4 2020 New pricing model to have immediate impact on cash flow TeleMedView platform meets demand for remote patient monitoring LEWISVILLE, Texas&#8211;(BUSINESS WIRE)&#8211; CareView Communications, Inc. (&#8220;CareView&#8221; or the &#8220;Company&#8221;) (OTCQB: CRVW), an information technology provider to the healthcare industry, today announced that new sales-based contracts were executed in the fourth quarter of 2020 with an aggregated contract sales price of $1,800,000. CareView\u2019s contracts typically include multiple combinations of products, software solutions and services with multiple payment options. Some customers continue to lease equipment under CareView\u2019s subscription model while others purchase the equipment upfront under CareView\u2019s recently implemented sales-based contract model with an auto-renewal at the end of each contract period. CareView expects that the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/careview-communications-announces-sales-for-q4-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CareView Communications Announces Sales For Q4 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-475324","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CareView Communications Announces Sales For Q4 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/careview-communications-announces-sales-for-q4-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CareView Communications Announces Sales For Q4 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CareView Communications Announces Sales For Q4 2020 New pricing model to have immediate impact on cash flow TeleMedView platform meets demand for remote patient monitoring LEWISVILLE, Texas&#8211;(BUSINESS WIRE)&#8211; CareView Communications, Inc. (&#8220;CareView&#8221; or the &#8220;Company&#8221;) (OTCQB: CRVW), an information technology provider to the healthcare industry, today announced that new sales-based contracts were executed in the fourth quarter of 2020 with an aggregated contract sales price of $1,800,000. CareView\u2019s contracts typically include multiple combinations of products, software solutions and services with multiple payment options. Some customers continue to lease equipment under CareView\u2019s subscription model while others purchase the equipment upfront under CareView\u2019s recently implemented sales-based contract model with an auto-renewal at the end of each contract period. 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