Bang Surgical to Provide Tele-health Cost Saving Solutions to the Medical Industry
Wednesday Jul 14 2010
San Clemente – July 14, 2010: Bang Surgical, a newly formed company, was created with the mission statement to provide cost saving solutions to hospitals in the new era of accountable care.
Ted Schwartz, CEO states, “we started our company with a clean slate. We did market research and uncovered a problem facing the healthcare system. We found a circle hole and now we are going to make a circle peg. Bang will help modernize OR product support between medical device manufacturers and hospitals which means lowering costs hospitals yet maintain margins for the manufactures.”

Medical reimbursements to hospitals have continuously decreased while medical costs are increasing. This is occurring especially in the orthopedic and cardiology implant sector. Orthopedic and Cardiology implants often require a representative from the manufacturer to be present in the OR during a surgery. Manufacturers rely on either regional distributors to provide the live OR support or use their own sales force. In either case, a price markup is embedded into the cost of the implant to the hospital. Ted Schwartz, CEO comments, “This type of distribution model to sell and support a product during each orthopedic case is antiquated and cannot survive in the future of accountable healthcare in the US. Costs matter and there is simple technology to provide the same, if not better, clinical OR support during a procedure without the costs of having a representative physically present. Bang is going to provide this technology and integrate a working model for both hospitals and medical device manufacturers to benefit from”.

There is a strong push to deliver the finest patient care at a realistic and maintainable expense. Hospitals have to function similar to a regular business, when patient care is not compromised, otherwise, just like a regular business, they can go out of business. Bang Surgical is providing solutions to help hospitals and medical device manufacturers in order to deliver the highest standard of patient care at a low cost.

Bang Surgical
1235 Puerta Del Sol #100
San Clemente, CA 92673
(949) 385-2220