Gramercy Extremity Orthopedics (GEO) completed its Series A financing, raising a total of $9.83 million. Funds will be used to scale up technology infrastructure and continued product expansion with specific focus on the United States extremity market.
The GEO CART® is an industry-first, computerized, mobile implant and instrumentation inventory system enabled with RFID technology. No bigger than the average medical cart, the GEO CART® system can hold over 1,000+ items tailored to the usage of a specific facility. The GEO CART® proprietary point-of-sale system reduces delays in surgery, decreases sterility risks to the patient, eliminates handwritten billing mistakes, automatically generates the Implant Usage Form, removes the cost to clean and sterilize instrumentation, and reduces facility operating expenses.
“We are helping orthopedists and podiatrists better manage the surgical environment. With GEO, surgeons never have to worry about not having the right implants in an effort to deliver superior patient care,” said Scott Day, EVP and Chief Operating Officer. “Our technology is driving revolutionary changes in the way doctors deliver care in the operating room while managing risks and reducing costs for health systems.”
Source: Gramercy Extremity Orthopedics