M&S Biotics
Healthcare analytics company that is aiming to make surgical procedures more efficient, effective, and safer.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
$50.0k | Seed | ||
| Total Funding | 000k | ||
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M&S Biotics, founded in 2014, is a healthcare analytics company operating in the medical device and Internet of Things (IoT) market. The firm was established by Joshua Mecca, John Strauss, and Thomas Gallagher. The impetus for the company came from CEO Joshua Mecca's personal experience as a kidney transplant recipient in 2013, which exposed him to the inefficiencies and risks inherent in surgical procedures. This inspired Mecca, who has a background in bioengineering and computer science, to develop a technological solution to improve the operating room environment.
The company's core offering is the Biotic Integration System, which centers around a "Smart Table". This system utilizes a combination of proprietary Radio-Frequency Identification (RFID) technology and artificial intelligence to automate the process of counting surgical instruments and sponges before, during, and after a procedure. By tagging and tracking each item, the platform provides real-time data on a medical-grade tablet, allowing staff to locate any item at any time. This addresses the significant time spent on manual counting—which can account for 14% of operative time for sponges alone—and the high rate of counting discrepancies, which occur in approximately one in eight surgeries.
Beyond automated counting, the system captures data on which instruments are used and for how long. This addresses the inefficiency of deploying extensive surgical kits when often less than 20% of the instruments are actually utilized. The collected data is processed through machine learning algorithms to provide downstream analytics for hospitals. These analytics enable healthcare providers to optimize surgical set composition, track sterilization cycles, and improve overall operating room throughput. M&S Biotics serves hospitals and healthcare providers, generating revenue through the implementation of its technology. The company has secured partnerships with organizations like AT&T for co-sales to healthcare accounts, including a paid pilot with the Veterans Healthcare Administration (VHA), and is a vendor through the Health Trust Purchasing Group (HPG), a GPO that sells to 1,400 hospitals.
Keywords: healthcare analytics, surgical efficiency, RFID tracking, medical IoT, operating room technology, instrument management, patient safety, data analytics, surgical data, hospital workflow