RF Technologies(R) Introduces Safe Place(R) Usage Program Financing for Its Infant Security, Pediatric Security and ED Safety Solutions

Tuesday, December 9, 2008 General News
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BROOKFIELD, Wis., Dec. 8 RF Technologies(R), a leadingprovider of radio frequency identification systems and healthcare monitoringsolutions, introduces its Safe Place Usage Program. Designed to allowhospitals easier access to the Safe Place Infant, Pediatric and ED SecuritySystems with the flexibility of financing, this option is especially helpfulin today's tight economy.

"We're pleased to offer a new way for hospitals to implement Safe PlaceSecurity Systems. The Safe Place Usage Program provides hospitals theopportunity to acquire or upgrade their system with no capital outlay, plusthey enjoy a committed, fixed price for the full length of the contract. TheUsage Program is simple, straightforward, and a great way to reap the benefitsof Safe Place," said Warner (Chuck) Pyne III, Vice President of Sales andMarketing, Hospital Solutions, at RF Technologies.

The Safe Place Usage Program comes with the same level of systemcapability, support and service as actually purchasing a Safe Place SecuritySystem. In fact, the program begins with the customization of a Safe Placesystem to meet the needs of the individual hospital and includes installation,training, a service agreement and automatic supply replenishment oftransmitters and banding material.

Making security affordable

RF Technologies decided to implement the Safe Place Usage Program to makeSafe Place Security Systems more accessible to hospitals with tight capitalbudgets, and it can be used in conjunction with completely new installationsor system upgrades. The company is seeing much interest in this new program,especially from hospitals that are having problems with capital expenses, yetare in need of a technology upgrade.

A three-year program, payments are monthly and based on just 80 percent ofthe hospital's forecasted usage for the upcoming three years. These paymentsare fixed with an annual true-up calculation, so expenditure would increaseonly if the hospital exceeds its minimum commitment volumes by more than 5percent.

Keeping hospitals' technology current

The Safe Place Usage Program carries no long-term commitment, which isbeneficial, 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 thehospital's system, the hospital can obtain the new technology as part of thisprogram.

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

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

About RF Technologies

RF Technologies is a leading provider of comprehensive, integrated RFIDSafety and Security systems, Wi-Fi RTLS systems, and healthcare enterprisesolutions. With an installed base of more than 10,000 systems worldwide, RFTechnologies specializes in state-of-the-art healthcare solutions for seniorcare facilities and hospitals, including Code Alert(R) Wandering Management,Wireless Call and Fall Management Solutions, Safe Place(R) ED and InfantSecurity Solutions, and PinPoint(R) RTLS Location-Aware Solutions. Thecompany is credited with inventing the first RFID infant security system,which was designed and developed by nurse clinicians. It was the first in theindustry to invent Peer-to-Peer Wi-Fi RTLS, and to offer Remote Monitoring, RFConsulting and 24X7 technical support by RF Technologies' staff specialistsand a nationwide service management team. http://www.rft.com

SOURCE RF Technologies

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