Gramercy Extremity Orthopedics was issued U.S. Patent 10,588,628, "Bone Staple Insertion Tool and Related Method," addressing sterile packaging of a bone staple in combination with a staple inserter.
In 2018, GEO introduced the GEO CART®, a mobile storage and point-of-sale system housing 2,000+ sterile-packed instruments and implants that are tracked and managed with RFID technology. The cart addresses issues such as O.R. product availability, sterile processing risks and device billing/tracking. The Nitinol Staple System arrived in 2019, and earlier this year, the company launched the cloud-based GEO CONNECT app, supported by RFID technology to manage orthopedic cases from a mobile device. Using an iOS or Android device, sales representatives can intraoperatively scan foot and ankle implants and corresponding single-use, disposable instrumentation used in a case to create an electronic charge sheet that is automatically routed to all relevant parties before the surgery is complete.
“This is one of several patents that GEO has added to its arsenal. The revenue opportunity for a pre-packaged, sterile, nitinol staple and inserter system is tremendous and we believe that GEO has the most unique and efficient solution in the market,” said Michael Simpson, GEO’s Chief Executive Officer. “Having this system RFID-tracked inside the GEO CART adds additional opportunity to increase patient safety and lower healthcare costs.”