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In the News: “Best of Sensors Expo” Award Finalists

Sensors Online Announces ivWatch as a “Best of Sensors Expo” Award Finalist

Sensors Expo & Conference, the nation’s leading event focused exclusively on sensors and sensor-integrated systems, in conjunction with Sensors Online, announced ivWatch as a finalist of the 2018 Best of Sensors Expo Awards in the “Application” category. The competition highlights the advances in both innovations and real-world applications of sensors. ivWatch is one of eight companies in the running for the application award which is designed to recognize sensor use in the wider world that are distinctive and have the potential to change the way people work or serve a real industry need. Read more here.

ivWatch Awarded Breakthrough Technology Agreement with Premier

HAMPTON, Va.., February 6, 2018 – ivWatch, LLC has been awarded a group purchasing agreement as a Breakthrough Technology with Premier. Effective Feb.1, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for the ivWatch Model 400, a continuous monitoring device for the early detection of peripheral IV (PIV) infiltrations.

“We are thrilled to be recognized by Premier as a Breakthrough Technology which accelerates the standard GPO process and enables us to educate more organizations about our technology offering a new standard of care for PIVs,” said Scott Hensley, vice president of sales and business development at ivWatch. “This recognition is a testament to the need for a technology solution in hospitals for continuous IV monitoring for early detection of IV infiltrations and extravasations.”

This relationship enables Premier members to implement continuous monitoring of a patient’s PIV for evidence of infiltrations to improve patient outcomes. Intravenous therapy is a routine part of treatment for nearly 80 percent of patients in the U.S., yet more than 20 percent of these IVs may fail due to infiltration, risking both a serious drug delivery error and tissue damage. The ivWatch sensor technology is a solution to aid the clinician in early detection of this most serious event.

Premier is a leading healthcare improvement company, uniting an alliance of approximately 3,900 U.S. hospitals and 150,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost.

About ivWatch:
ivWatch, LLC is the leading medical device manufacturer and biosensor technology company focused on improving patient safety and the effectiveness of intravenous therapy. Our dedicated and passionate team is focused on our company vision of eliminating patient harm caused by infiltrations and extravasations. Through our innovative monitored IV solutions, we help minimize the risks associated with adverse IV events. Follow us on Twitter @ivWatch or Facebook @ivWatchLLChttps://www.ivwatch.com/

ivWatch Awarded New Innovative Technology Contract from Vizient, Inc.

HAMPTON, Va., August 29, 2017– ivWatch, LLC, the leading provider of continuous monitoring devices for the early detection of peripheral IV infiltrations, announced it has been awarded an Innovative Technology contract from Vizient, Inc. the largest member-driven health care performance improvement company in the country.

The Innovative Technology contract was awarded to ivWatch based on recommendations for the ivWatch Model 400 device by providers with expertise in this category who serve on one of Vizient’s member-led councils. Innovative Technology contracts are reserved for technologies that demonstrate an ability to enhance clinical care or patient safety, and those that improve an organization’s care delivery and business model.

The ivWatch Model 400 continuously monitors a patient’s peripheral IV for evidence of infiltrations, which occur when medication or fluid leaks into the surrounding tissue. Intravenous therapy is a routine part of treatment for nearly 80 percent of patients in the U.S., yet more than 20 percent of these IVs may fail because of infiltration, risking both a serious drug delivery error and tissue damage. Earlier detection of those failures, via ivWatch sensor technology, is the new and next step in minimizing this potential for injury.

“The Innovative Technology contract gives Vizient’s diverse membership a simple and more affordable means for adopting continuous IV monitoring and validates the excitement we’ve seen in hospitals across the country about our unique technology,” said Gary Warren, president and CEO of ivWatch, LLC. “IV infiltration is a major problem that can lead to serious medical complications and even amputation. This contract with Vizient is one more step towards our vision of eliminating the harm associated with IV infiltrations.”

“Due to the number of products and services being released and marketed as ‘innovative,’ member hospitals truly value the thorough innovative technology review process in place at Vizient to help them identify products worth further evaluation at their own facilities,” said Debbie Archer, director of procurement and leader of Vizient’s Innovative Technology program for suppliers. “After a full review of the ivWatch Model 400, Vizient’s member council agreed this solution offers unique and incremental benefits over other products available on the market today, and recommended it for an Innovative Technology contract. We are pleased to award this new contract to ivWatch.”

Vizient, Inc. represents the combined strengths of the organizations formerly known as VHA Inc., University HealthSystem Consortium, Novation and MedAssets’ Spend and Clinical Resource Management. Since 2003, nearly 2200 new and innovative products and technologies have been submitted through the Vizient Innovative Technology program. Vizient works with member-led councils and task forces to identify and review potentially innovative products. If it is determined that a product is innovative, a contract may be awarded outside of Vizient’s competitive bid cycle.

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MEDIA CONTACT: Leah Moore, leah.moore@ivwatch.com, Office (855) 489-2824 x7031, Mobile (757) 839-5653

ivWatch Wins Top Honors at 2017 Medical Design Excellence Awards


HAMPTON, Va. — June 14, 2017 — ivWatch LLC, a medical device company focused on improving the safety and effectiveness of intravenous (IV) therapy, is pleased to announce it was the Bronze Winner last night in the category of Nonsurgical Hospital Supplies and Equipment at the 2017 Medical Design Excellence Awards (MDEAs), the premier awards program for the medtech industry. The award was presented by Medical Device and Diagnostics Industry magazine at the Jacob K. Javits Center in New York during MD&M East, the largest annual medical technology conference on the East Coast for the medical manufacturing industry.

“It’s an honor for ivWatch to be recognized by the MDEA judges for the outstanding design of our device,” said Gary P. Warren, ivWatch president and CEO. “IV infiltration is a major problem for the medical community as it can lead to serious medical complications and even amputation. Our team of employees, partners and suppliers are committed to solving this problem, and have worked tirelessly to make a significant impact in minimizing patient harm from infiltrations.”

The ivWatch Model 400 continuously monitors a patient’s peripheral IV for evidence of infiltrations, which occur when medication or fluid leaks into the surrounding tissue. Intravenous therapy is a routine part of treatment for nearly 80 percent of patients in the U.S., yet more than 20 percent of these IVs may fail because of infiltration, risking both a serious drug delivery error and tissue damage. Earlier detection of those failures, via ivWatch sensor technology, is the new and next step in minimizing this potential for injury.

MDEA is the medtech industry’s premier manufacturing design competition, recognizing the highest caliber of commercially available products approved by the FDA or other regulating bodies. These awards celebrate the achievements of medical device manufacturers, their suppliers, and the teams behind the scenes who provide input and dedication to innovative products, further improving patient safety across healthcare today.

About ivWatch
ivWatch LLC is a medical device manufacturer focused on improving patient safety and the effectiveness of intravenous therapy. With the Model 400, which is similar to continuous monitors available for a patient’s heart, blood oxygen level and pulse, ivWatch provides a first-of-its-kind, FDA-cleared, noninvasive medical device that continuously monitors peripheral IVs for infiltration and extravasation events. The ivWatch Model 400 aims to help eliminate patient harm associated with adverse events and to reduce drug delivery errors. The ivWatch OEM Board integrates ivWatch technology into existing products, enabling OEMs to help healthcare customers deliver a higher level of patient care and to reduce risks related to IV therapy. Follow us on Twitter@ivWatch or Facebook @ivWatchLLC. www.ivWatch.com

MEDIA CONTACT: Leah Moore, leah.moore@ivwatch.com, Office (855) 489-2824 x7031, Mobile (757) 839-5653

The ivWatch OEM Board is not an FDA-cleared device. It is the responsibility of the Original Equipment Manufacturer integrating ivWatch technology to secure the proper regulatory clearance.

ivWatch Honored as Finalist in the 2017 Medical Design Excellence Awards (MDEA)

Hampton, VA, May 1, 2017 — ivWatch, LLC, is pleased to announce that their Model 400, a peripheral IV monitoring device, is a finalist in the 19th Annual Medical Device Excellence Awards competition sponsored by MD&M East, the largest annual medical technology conference on the East Coast. Winners will be announced during the June conference in New York.

The Device
The ivWatch Model 400 is a device that continuously monitors a patient’s peripheral IV for the early detection of infiltrations – when medication or fluid leaks outside the vein into the surrounding tissue. Intravenous therapy is a routine part of treatment for nearly 80% of patients in the U.S., and more than 20% of these IVs may fail because of infiltration. Because every IV failure risks both a serious drug delivery error and tissue damage, earlier detection of those failures is the new and next step for minimizing this potential for patient harm.

ivWatch
The team at ivWatch are recognized leaders in the field of tissue optics, biomedical engineering, computational optical modeling and sensor design. The technological advance represented by this device addresses the challenge of delivering high performance sensitivity and accuracy of reporting, and aligns with the medical industry’s dedication to patient safety and quality of care.

Thanks to close collaboration with nurses and doctors, the Model 400 fits easily into existing workflows. Leading hospitals across the U.S. who have been using the Model 400 are realizing the benefits of this new technology, improving both the effectiveness of drug delivery and the safety of their patients.

MDEA
The MDEA competition recognizes significant achievements in medical product design and engineering that improve healthcare delivery and accessibility. The awards celebrate the accomplishments of the medical device manufacturers, their suppliers, and the people behind the scenes who are responsible for cutting-edge products that save lives, improve patient care, and transform medtech—one innovation at a time.

From Gary Warren, President & CEO of ivWatch
“It’s an honor to be named as one of the finalists,” says Gary Warren, ivWatch President & CEO. “Having our device recognized by the MDEA judges validates our commitment to helping reduce patient harm and improving patient safety outcomes.”

Suppliers who contributed to the development and production of the Model 400 are Insight Product Development, Phillips-Medisize Corp, Gulf Fiberoptics/Gulf Photonics, and Minnetronix.

Contact:
Leah Moore, Director, Marketing
ivWatch, LLC
855-489-2824 ext. 7031
leah.moore@ivwatch.com
http://www.ivWatch.com/

ivWatch, LLC Receives 2016 Virginia Governor’s Outstanding STEM Award for Science Innovation

ivWatch, LLC will be honored for their innovative device that provides early detection of IV infiltrations and can help reduce patient harm.

Williamsburg, VA – ivWatch, a medical devices company, is one of five recipients to receive a Virginia Outstanding STEM Award granted by Governor Terry McAuliffe’s office. ivWatch will be receiving the STEM Award for Science Innovation on February 25th at an event to be held at the Science Museum of Virginia. The STEM award honors professionals and business that have made significant contributions to science.

ivWatch is being honored for their ivWatch Model 400, a device that continuously monitors a patient’s peripheral IV for the early detection of infiltrations – when medication or fluid leaks outside the vein into the surrounding tissue. Peripheral IVs are one of the most common invasive medical procedures performed with over 300 million IV catheters sold in the U.S. annually. Yet, current medical reports peg the failure rate of IVs in excess of 20% due to infiltrations which can cause drug delivery errors and patient harm. To address this unmet need, the dedicated ivWatch team delivered an FDA-cleared device in 2015. The ivWatch Model 400 includes a noninvasive sensor that uses near-infrared light to detect changes in the optical properties of the tissue. The sensor is coupled to a highly intuitive pole-mounted patient monitor. The device will notify clinicians if conditions suggest an infiltration, allowing them to address the issue early to reduce patient harm. The ivWatch Model 400 represents a new option for medical professionals – a continuously monitored peripheral IV – that can reduce costs, risk, patient harm and medication dosing errors.

The ivWatch Model 400 is backed by 16 years of research and development in areas that include photon/tissue interaction modeling, signal processing algorithm development and optimization, user interface research and design and extensive clinical testing. Gary P. Warren, CEO of ivWatch and former NASA Engineer says “The depth of science behind the ivWatch product line is truly amazing. For a small company, our research and associated intellectual property in this area rivals anything I have seen coming from large companies, universities or government labs. We have an incredible team of talented people here and are honored by this award.”

ivWatch was also the winner of the Governor’s Virginia Velocity Competition in September 2015 for the best bio-science business plan.

 

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