SurgiCount Medical, the wholly-owned operating subsidiary of Patient Safety Technologies, Inc. (the "Company", OTCBB: PSTX, OTCQB: PSTX) today announced it has been awarded an Innovative Technology agreement by Novation, the leading healthcare supply chain expertise, analytics and contracting company for the more than 65,000 members of VHA, UHC, Children's Hospital Association and Provista, LLC. The agreement recognizes the innovation and clinical advancements provided by SurgiCount's market leading retained sponge prevention solution, the Safety-Sponge® System, and provides the members Novation serves with special pricing and other pre-negotiated terms.
"By offering a simple solution that eliminates the most common surgical adverse event, we help users of our SurgiCount Safety-Sponge® System mitigate their liability, protect their reimburse revenues, preserve their reputations in the communities they serve and improve their patient outcomes," said Scott Pecore, VP National Accounts for SurgiCount Medical, Inc.
According to Brian Stewart, President and CEO of SurgiCount, "We share Novation's goals of helping their members achieve improved outcomes through clinical and operational excellence and reducing the total cost of patient care. We are pleased that Novation's Innovative Technology process resulted in the recognition of the economic and safety benefits of the Safety-Sponge® System and look forward to helping Novation members achieve their quality and cost objectives."
Through its Innovative Technology Program, Novation works with member-led councils and task forces to identify and review new or innovative technology that provides an incremental clinical benefit over existing products. The goal of the Innovative Technology Program is to work with members to identify innovative technology that improves patient care or reduces the risk of harm to patients or providers, while simultaneously raising the standard of patient care and safety.
The three-year contract will begin on September 15th, 2013. To learn more about SurgiCount Medical, Inc. and The Safety-Sponge® System, please visit: www.surgicountmedical.com.
Patient Safety Technologies, Inc.