Iveda and Movement Interactive Deliver on $200K Contract with an Arizona Independent Living Facility for Veterans
November 14 2023 - 9:00AM
Business Wire
AI-driven IvedaCare empowers Waymark Gardens
residents and staff through real-time remote patient monitoring
Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI,
announced today that Movement Interactive, powered by Iveda, has
delivered on a $200,000 contract with Waymark Gardens, effectively
supporting hundreds of residents aging in place with AI and
IoT-enabled telehealth and fall detection technology. By delivering
IvedaAI™ appliance hardware and software as well as 150
HIPAA-compliant IvedaCare kits, outfitted with IvedaAI and Iveda’s
proprietary IoT-enabled sensors and devices, the contract will
support the ongoing care and safety of patients residing within
Waymark Gardens’ facilities. This sale and installation of
IvedaCare is on the heels of an eight-year Veteran Affairs contract
worth $1.032 billion––this win will showcase Iveda and the
IvedaCare product as a viable solution for roughly 4,000 additional
care facilities across the country covered by the Veteran Affairs
contract.
“As IvedaCare continues to expand into homes, hospitals, and
care facilities across the U.S.––taking patient care to the next
level through AI assistance––we believe that Waymark Gardens’
deployment will act as a blueprint for assisted care establishments
countrywide,” said Iveda CEO and founder, David Ly.
Iveda CFO, Bob Brilon added, “We delivered the product to
Waymark Gardens on behalf of Movement Interactive during our third
quarter this year and look forward to working with additional
Waymark Garden Facilities, supported by Movement Interactive, as
well as the potential for the 4,000 additional care facilities
across the country covered by the Veteran Affairs contract.”
According to KFF, 81% of nursing homes nationwide need to hire
additional staff to meet Centers for Medicare and Medicaid Services
(CMS) standards. IvedaCare’s patented AI-driven, predictive
software learns users’ lifestyle preferences and patterns to make
informed decisions around health and security, acting as a critical
force multiplier for short-handed care providers. By providing
real-time awareness of patient abnormalities and allowing for more
effective care and patient monitoring, the technology effectively
reduces false alarms. Additionally, IvedaCare’s easy-to-use system
provides unparalleled peace of mind to residents’ family and loved
ones, with real-time alerts accessible through Iveda’s Trusted
Circle monitoring app.
"We are proud to have one of the most innovative on-site
Telehealth Suites in the country at Waymark Gardens,” said Dr. Eric
Luster, Chairman of the Board, Waymark Gardens and Seniors Rising
Homes. “This facility is a flagship for the future of senior living
and will serve as a model as we expand to multiple facilities
across the state, and eventually throughout the country. Iveda is a
key partner in bringing top-of-the-line technology solutions to our
resident Veterans, improving health outcomes, and extending their
independence while improving quality of life."
A Waymark Gardens resident expressed to the Board: “Even though
I live independently, I do fear falling because my balance has
declined over the years. Living at Waymark Gardens allows residents
access to IvedaCare technology, which gives my family the extra
peace of mind and assurance that I’m staying active and they will
be alerted if something happens outside of my normal routine. I
don’t want my family to worry about me all the time; the IvedaCare
Trusted Circle notifications are set up to communicate easily among
my close friends and family.”
IvedaCare continues to reinforce Iveda’s mission to effectively
care for and protect the people, places, and things that matter
most. For more about IvedaCare, visit www.ivedacare.com.
About Iveda Solutions®
Iveda (NASDAQ:IVDA) is the provider of global solutions for
cloud-based, video AI search and surveillance technologies that
protect the people, places, and things that matter the most.
Iveda’s technology has the power to provide instant intelligence to
existing infrastructure, enabling cities and organizations around
the world to seamlessly enter the fifth industrial revolution.
Iveda operates at the forefront of digital transformation of cities
across the world, using IoT platforms with smart sensors and
devices developed to aid with use cases surrounding public safety,
security, elderly care, energy efficiency, and environment
preservation. Headquartered in Mesa, Arizona, with a subsidiary in
Taiwan, Iveda is publicly traded under the ticker symbol
“IVDA”.
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Olivia Civiletto Erwin olivia@dottedlinecomm.com
716.785.1108
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