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ClearCount Medical closes $5M in funding

ClearCount Medical Solutions, an innovator of patient safety solutions for operating rooms, has received a $5 million shot in the arm from Draper Triangle Ventures and other existing investors. The Series B financing will allow the company to drive market penetration and research and development of its RFID-based solutions for hospital patient safety applications.

ClearCount has developed an FDA-approved sponge counting and detection solution that was recently put into use at VA Pittsburgh Healthcare. The RFID-based platform uniquely identifies each sponge so that they can be easily counted and detected, avoiding having surgical sponges left in patients after medical procedures.

“Thanks to the strong backing of our investors, this past year ClearCount completed a valuable distribution deal, signed major new customers and introduced an important new product that is making surgical procedures safer every day,” David Palmer, CEO of ClearCount Medical Solutions, said in a release.

“ClearCount’s patented RFID technology and offerings are more relevant than ever,” said Mike Stubler, Managing Director of Draper Triangle. “As improving the quality of healthcare continues to be a national focus, solutions that can also impact the efficiency and value a hospital offers its patients are sure to be adopted.”

Retained sponges are the most frequent and dangerous of retained surgical items, a “Never Event” resulting in non-payment to hospitals and significant risk to patients. A large multi-center trial recently demonstrated that as little as a 30-minute surgical delay can nearly double the risk of infectious complications, so clearly every minute counts.

The company was also featured recently in the Wall Street Journal. Click here to read the article.

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