CareView Communications, Inc. (OTC: :CRVW.PK) develops, markets and operates high-speed data network systems that are deployed throughout healthcare facilities using the existing cable television infrastructure of the facility. The systems provide bedside, point-of-care video monitoring and recording as well as providing patients with entertainment, communications and education systems. The Company's systems are suitable for use by a wide variety of healthcare institutions including hospitals, nursing homes, adult living centers and select outpatient care facilities. The system provides multiple functions. It enables healthcare providers to more efficiently and cost-effectively monitor, treat and "visit" their patients, it enables facilities to implement audit tools to insure that quality standards are being adhered to and safety measures are being complied with, it enables family members and friends of the patient to use the Internet to communicate with and monitor those patients and it enables the patients and their visitors to have access to the Internet and digital entertainment offerings.
With this system the Company is striving to improve the functionality of the existing healthcare system, and at the same time make the patient's experience more comfortable and even productive. To the healthcare facility they provide bedside video monitoring, recording and documentation, providing a safer environment for the patient, and to the patient and their family they provide the ability to communicate through the Internet, as well as providing an added degree of comfort. The Company believes that their product is unique to the marketplace, and they are confident that it will be accepted on a much broader scale.
The Company's current offerings include 10 products, with additional products and services in development. Current products include "SecureView," "NurseView, "PatientView," "NetView, "Virtual Bed Rails," "PhysicianView," "MovieView," "EquipmentView" and "BabyView." The Company currently offers a choice of three basic offerings to healthcare facilities that in essence "bundle" various groupings of the above offerings. The three basic offerings are its "Primary Package," its "Shared Revenue Package" and its "Connectivity Package."
Additional product offerings in development are videos to educate patients, various discharge services and RFID tracking capabilities, among others. CRVW intends to significantly increase its marketing efforts over the next 12 months. The company will pursue various sales methods, as well as expanding on existing relationships and contacts through the Company's management and advisers, most of whom have extensive experience within the healthcare sector.
Tommy Thompson is the Chairman of the Board of Directors and has been with the company since 2005. Mr. Thompson was the Governor of Wisconsin from 1987 to 2001 and was the Secretary of Health and Human Services under the Bush administration from 2001 to 2005. Mr. Thompson has been a strong advocate on healthcare issues. Samuel Greco is CareView's Chief Executive Officer and has been with the company since 2007. Mr. Greco has over 30 years of experience in the healthcare industry, and was a senior executive at Columbia/HCA (Hospital Corporation of America).
Craig Benson is the Chairman of the Advisory Board and has been with the company since 2008. Mr. Benson was Governor of New Hampshire from 2003 to 2005, and was an early pioneer in the technology field, co-founding Cabletron Systems (formerly NYSE: CS) in 1983. Steve Johnson is the President and Chief Operating Officer of the company and has been with the Company since 2006. Mr. Johnson has over 20 years of experience in the cable and wireless industry.