With the world’s population increasing, the demand for technology to assist with servicing the needs of patients is becoming no longer an advantage but a necessity. The medical devices supply chain is in need of a technological upgrade in order to keep in line with surgical demands. The health care industry operates under a “Just-in-Time” format for medical supply deliveries in an effort to keep costs down. For medical device manufacturers the demand for more advanced surgical systems can outweigh their inventory’s ability to keep in line with orders. Market research shows that inefficient inventory logistics is a major cause for products arriving too late for surgery. In most cases it is not the result of the manufacturer’s supply being inadequate, but instead the lack of last minute logistical solutions. Services to hospitals and patients are being compromised daily while millions of dollars are wasted in replacing lost, misplaced, and stolen medical supply in an $85 billion dollar market.
In 2005 a solution was envisioned by a former implant sales representative who worked for a rapidly growing medical device manufacturer in need of a more efficient supply chain logistics system. SurgiTrace was then formed to develop the design for a proprietary medical device tracking system that is “Real-Time”. It tracks products over long distances, and reconciles delivery with a comprehensive point of sale software that allows all stakeholders to communicate off of one network. Recent advances in GPS cellular related technology and the explosive need for real-time data was a matter of key importance in uncovering an affordable solution for SurgiTrace to deliver. Research has shown that the company will be the first known to bring to market a solution that tracks surgical products, sterile and non-sterile, for medical device manufacturers over long distances while concurrently providing a web-based software system to report end product usage.