Bar Coded Sponge / Scanner System Chosen to Help Reduce RFO Thus Improving Patient Safety Across the Health Care Network
March 26, 2008
TEMECULA, Calif.--(BUSINESS WIRE)--SurgiCount Medical, a division of Patient Safety Technologies (OTCBB:PSTX), the manufacturer of the Safety-Sponge™ surgical sponge counting system, today announces a two-year contract to provide its computerized sponge counting system to a network of fourteen hospitals primarily located in California and Texas.
“After an extensive evaluation of the Safety-Sponge™ System, the network determined that the SurgiCount System was the most effective method to prevent retained foreign objects," said Rick Bertran, President of SurgiCount Medical. “In making their decision, the network evaluated systems on their ability to provide consistent and standardized patient care, measurable outcomes, documentation and overall cost. We are thrilled to have such a large network as a customer and look forward to working with all fourteen of their hospitals.”
SurgiCount continues to demonstrate the effectiveness of its Safety-Sponge™ System to numerous medical facilities throughout the nation. Currently, we are in contract negotiations with several of these large medical facilities, and we believe that a significant number will begin converting to the Safety-Sponge™ System. Although there are several variables in determining what revenue an individual hospital may generate, it has been our experience that a hospital performing 10,000 – 15,000 procedures a year would generate between $120,000 and $220,000 in recurring revenues. To the extent hospitals convert to our system as anticipated, overall revenues from sales of the Safety-Sponge™ System will begin to accelerate.
About SurgiCount Medical, Inc.
SurgiCount Medical, Inc., a division of Patient Safety Technologies, Inc (OTCBB:PSTX) manufacturers the SurgiCount Safety-Sponge™ System, a patented FDA 510k approved turn key solution to retained surgical sponges. The system is comprised of surgical sponges and towels affixed with an inseparable two-dimensional data matrix bar code and a SurgiCounter scanner to record each sponge before and after an operation. Because all sponges are identified with a unique code, they can not be counted twice. At the end of a procedure, the system can either immediately produce a printed report or the information can be imported into a database program. The SurgiCount Safety-Sponge™ System is also the only retained sponge system to offer complete sponge inventory tracking, reporting features and integration with a medical facility’s IT system. For more information, please contact SurgiCount at (951) 587-6201, or visit www.surgicountmedical.com.