Welcome!

News Feed Item

Edison Nation Medical Announces Innovation Search To Improve Hazardous Waste Disposal in Hospitals & Healthcare Facilities

Seeking Innovation Ideas Addressing All Areas Related To Hazardous Waste Disposal

CHARLOTTE, N.C., Aug. 14, 2014 /PRNewswire/ -- Edison Nation Medical, a health care innovation marketplace, today announced a worldwide search for ideas to improve the disposal of hazardous waste material in hospitals and healthcare facilities. The search seeks to address one of the most inefficient and costly areas of opportunity within healthcare. Innovation ideas including, but not limited to, new devices, equipment, containers, and educational signage are all welcome.

Edison Nation Medical's search is open to the public and innovators from around the world are encouraged to submit ideas through the organization's confidential portal (www.EdisonNationMedical.com/waste) now through October 24, 2014. After reviewing and selecting the most promising ideas, Edison Nation Medical will work toward licensing those products and share licensing royalties with inventors whose ideas are successfully commercialized.

Hazardous waste is defined as waste that poses substantial or potential threats to public health or the environment. Hospitals are one of the largest generators of hazardous waste in the U.S. and the second largest expense on a hospital's balance sheet (following labor) is supply chain costs. The majority of the materials procured by a hospital ultimately become waste, resulting in nearly 7,000 tons of waste every day and $10 billion annually in disposal costs across the health care industry.

One of the biggest opportunities for cost savings is proper allocation of "Red Bag" versus "Municipal Solid Waste (MSW)". Regulated medical waste that requires proper red bag medical waste disposal includes liquid or semi-liquid blood or other potentially infectious materials (defined below); contaminated items that would release blood or other potentially infectious materials in a liquid or semi-liquid state if compressed; items that are caked with dried blood or other potentially infectious materials and are capable of releasing these materials during handling; contaminated sharps; and pathological and microbiological wastes containing blood or other potentially infectious materials.

Proper and effective handling and disposal of "Red Bag" medical waste is not only essential to the safety of patients and staff, but can also save the hospital, nursing home or other medical facility thousands of dollars in unnecessary disposal costs of non bio-hazardous medical waste. Many hospitals routinely throw 50-70% of their waste into the bio-hazardous waste stream, even though a large percentage of hospital or medical facility waste is very similar to that of an office building: it consists mostly of paper, cardboard and food waste that does not require Red Bag disposal guidelines. By comparison, the Centers for Disease Control (CDC) suggests that only 2-3% of hospital medical waste truly needs to be disposed of as infectious Red Bag hazardous materials.  The economic impact of these errors is significant: red bagged waste costs up to 10 times more for disposal than municipal solid waste and up to 30 times more than recycling.

Another area for hazardous waste disposal improvement is proper recycling. The average cost to dispose of municipal solid waste (MSW) in a hospital is approximately $250$300 per bed and the average 500 bed hospital will spend $150,000 annually on MSW contracts. Between 25-30% of MSW contains materials that could be recycled with the proper recycling program. Other hazardous waste disposal areas in need of innovation include everything from chemical hazardous waste, construction and demolition debris, pathological waste, pharmaceutical waste, laboratory reagent waste, radioactive waste, recyclables, solid waste and waste water.

"Hazardous waste disposal is a complicated and costly compliance challenge to healthcare organizations," said Robert Grajewski, president of Edison Nation Medical. "We believe there is a significant opportunity to introduce innovative new equipment, containers, devices, and educational signage that will standardize proper hazardous waste disposal practices across the industry and, thus, make smart choices as easy as possible for busy healthcare workers."

Joining Edison Nation Medical is free and ideas submitted to the confidential and secure online portal are vetted through an in-depth review process led by the Edison Nation Medical team of medical, product development and legal experts. The end goal is to commercialize each qualified product idea and, when Edison Nation Medical is successful in doing so, licensing royalties are shared with the inventor.

For more information or to submit an idea, go to www.EdisonNationMedical.com/waste.

About Edison Nation Medical:
Edison Nation Medical is a healthcare innovation marketplace with deep expertise in open innovation, product development, and healthcare. Born out of collaboration with Carolinas HealthCare System (the second largest public health system in the United States), Edison Nation Medical's mission is to break down the barriers to healthcare innovation. We make this a reality by providing a clear and easy pathway through our open innovation platform for anyone — physicians, nurses, entrepreneurs, even patients and caregivers — to submit a medical invention idea for full evaluation and potential commercialization.

Edison Nation Medical innovation headquarters is in Charlotte, NC with satellite offices in San Francisco and New York City. For more information, please visit www.EdisonNationMedical.com.

SOURCE Edison Nation Medical

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...