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RF Technologies(R) Introduces Safe Place(R) Usage Program Financing for Its Infant Security, Pediatric Security and ED Safety Solutions
Date:12/8/2008

ixed with an annual true-up calculation, so expenditure would increase only if the hospital exceeds its minimum commitment volumes by more than 5 percent.

Keeping hospitals' technology current

The Safe Place Usage Program carries no long-term commitment, which is beneficial, as technology is constantly changing and improving. In addition, the program offers obsolescence protection for the full term of the agreement. Therefore, if RF Technologies introduces an upgrade that would work for the hospital's system, the hospital can obtain the new technology as part of this program.

At the end of the three years, the hospital has no obligation to RF Technologies or its financial partner, meaning the hospital can return the system or extend the program -- and it's a decision that can be made at the end of the agreement.

"We feel we've developed a program that makes proper security a reality for every hospital. And, with a predictable, usage-based payment and technology obsolescence built into the program, it's affordable and a risk-sharing proposition for our customers," said Pyne.

About RF Technologies

RF Technologies is a leading provider of comprehensive, integrated RFID Safety and Security systems, Wi-Fi RTLS systems, and healthcare enterprise solutions. With an installed base of more than 10,000 systems worldwide, RF Technologies specializes in state-of-the-art healthcare solutions for senior care facilities and hospitals, including Code Alert(R) Wandering Management, Wireless Call and Fall Management Solutions, Safe Place(R) ED and Infant Security Solutions, and PinPoint(R) RTLS Location-Aware Solutions. The company is credited with inventing the first RFID infant security system, which was designed and developed by nurse clinicians. It was the first in the industry to invent Peer-to-Peer Wi-Fi RTLS, and to offer Remote Monitoring, RF Consulting and 24X7 tec
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SOURCE RF Technologies
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