After adding 1.32% in the past 5 trading session, shares of Vocera Communications Inc. (VCRA) took a bit dip on Monday falling -0.56% to close the session at $33.83.
The company is provider of integrated, intelligent, and secure workflow and communication solutions and recently a smartbadge hands-free interface designed by the form was included in the list of the 100 best innovations of 2020 by Time Magazine. This was a significant accomplishment for the firm, which also highlights high potential of its shares’ growth.
Vocera Communications provides solutions to different sectors including healthcare, retail, hospitality, education, energy, and other target-oriented mobile work environments. It offers a communications network for corporate customers to organize in-office and at-the-field staff, transmits service information, and connect with customers. For medical institutions, contact is the main priority and Vocera has incorporated over 150 health systems. Those include electronic medical records, nurse call systems, medical devices, and real-time location services.
The Smartbadge communication system became popular during the COVID-19 pandemic, since it allowed the users to talk without using their handsets. Moreover they were able to use the product when wearing personal protective equipment, thereby minimizing the risk of infection.
With Smartbadge, nurses, physicians, or other members of the team may start contact with a short sentence, call the infection management team, emergency response team, etc. easily connect with each other efficiently, saving valuable time and resources.
Vocera Communications’ hands-free technology has been an important instrument for healthcare staff during the coronavirus pandemic. More than 2,100 facilities worldwide are now using Vocera Communications systems, including approximately 1,700 hospitals and medical centers.
Vocera Communications Inc. (VCRA) shares have risen by more than 75 percent over the past six months and are up nearly 63 percent since beginning of the year. The San Jose, California-based company has a market capitalization of about $1 billion.