Innovative Health specializes in the reprocessing of single-use electrophysiology devices, achieving FDA clearance to ensure safety and efficacy. This approach reduces the cost of cardiology procedures by over 30%, enabling hospitals to enhance patient care while maintaining financial sustainability.
Funding
$36.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Hospitals face increasing financial pressures due to the high cost of single-use medical devices, particularly in cardiology and electrophysiology procedures. These costs can limit access to advanced technologies and impact the financial sustainability of healthcare providers. Electrophysiology labs often discard single-use devices after only one use due to a lack of cleaning and sterilization options, despite the devices remaining functional.
Solution
Innovative Health provides FDA-regulated reprocessing services for single-use electrophysiology and cardiology devices, enabling hospitals to reuse these devices safely and economically. The company obtains FDA clearance to reprocess and sterilize devices, ensuring they are substantially equivalent to new devices in terms of safety and functionality. By using Innovative Health's reprocessed devices, hospitals can significantly reduce procedure costs, improve profitability, and expand access to advanced medical technologies. The company's advanced reprocessing technologies and focus on cardiology allow for greater savings compared to general reprocessing services.
Target Audience
Innovative Health primarily serves hospitals, electrophysiology labs, and cardiology centers seeking to reduce costs associated with single-use medical devices.
Features
- FDA-cleared reprocessing of complex mapping catheters, diagnostic catheters, and other electrophysiology devices
- Advanced reverse engineering and reprocessing technologies, including micro-lumen occlusion detection, cleaning, and inspection
- Electronic programmable memory decryption, read and write capabilities
- Advanced visual inspection methodologies
- 3D mapping location sensor performance characterization and testing
- Hemostasis detection capability
- Program management services to optimize device collection and reprocessing
- Savings guarantee, ensuring hospitals achieve predictable cost reductions