As healthcare costs continue to increase, the U.S. government and insurance companies are being forced to more closely scrutinize the standards for reimbursement, while raising the bar for the level of patient care. One micro-cap investment that we have uncovered that is a great beneficiary of today's environment is Patient Safety Technologies (OTCQB:PSTX) based in Irvine, CA.
PSTX, through its subsidiary, SurgiCount Medical, provides the SurgiCount Safety-Sponge System. This system tracks sponges going in and out of patients during operating room surgical procedures using QR barcodes. The scanner is a relatively small unit that is housed next to the operating table and is supported by additional software that provides analytics and record keeping, post-operation. Today, PSTX has over...
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