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LEWISVILLE, Texas - CareView Communications (OTCQB:CRVW), a healthcare technology company with $8.29M in annual revenue and a market capitalization of $11.68M, announced Wednesday an expansion of its partnership with Northeast Georgia Medical Center (NGMC) Braselton to enhance patient safety through its virtual sitter platform. According to InvestingPro data, the company maintains a healthy gross profit margin of nearly 60% despite challenging market conditions.
The 188-bed community hospital will increase implementation of CareView’s Patient Safety System across its campus to support bedside care, according to a press release from the virtual care solutions provider.
"NGHS Braselton has shown exemplary commitment to expanding access and excellence across its campus," said Sandra McRee, Chief Operating Officer of CareView Communications.
The expanded deployment aims to enhance fall prevention, improve fall-risk monitoring, and allow nurses to focus more on direct patient care.
CareView’s technology includes AI-driven predictive tools such as Virtual Bed Rails and Virtual Chair Rails, which the company claims can reduce fall rates by up to 80% and sitter costs by up to 65%. The platform combines hardware and software to enable centralized monitoring. While the company’s stock has shown strong momentum with a 25% gain over the past week, InvestingPro analysis reveals several additional key metrics and insights available to subscribers.
NGMC Braselton offers various services including heart, vascular, neuroscience, cancer, orthopedics, obstetrics with NICU, and pediatric emergency care.
CareView currently partners with over 200 hospitals nationwide, providing virtual care solutions that address staffing challenges while enhancing patient safety. For deeper insights into CareView’s financial health, performance metrics, and growth potential, explore InvestingPro, which offers comprehensive analysis and 8 additional ProTips for informed investment decisions.
Northeast Georgia Health System, which includes NGMC Braselton, is a not-for-profit healthcare organization serving northeast Georgia through five hospitals and more than 50 outpatient locations.
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