We are excited to have partnered with Medical Tracking Solutions Inc. (MTS) to utilize the iTraycer software and LSO’s 10,000 square foot state-of-the-art warehouse. Together we are launching the first of its kind West Coast loaner kit operation for small to mid-sized medical device companies.
Most medical device companies have product returns which are biohazardous. Some of these returns are biohazardous because hospitals didn’t follow their internal procedures, some are products that would have been disposed off by the hospital, but due to an issue in surgery they must be returned to the manufacturer, and some products are intended for reuse but must go through
So let’s say that we validate to those parameters and it turns out that a specific hospital runs to one of the others, how hard is it for hospitals to change parameters?
Start-up companies are under constant pressure to use capital efficiently. A long-standing problem in the orthopedics industry is a company’s initial capital outlay for building the instrument sets necessary to implant their product and create revenue.