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

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 ( 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

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

SOURCE Edison Nation Medical
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. Diabecline Antibiotic Receives Edison Award for Best New Pharmaceutical Product
2. Carolinas HealthCare System and Edison Nation Collaborate to Drive Medical Innovation and Technology
3. EMA Grants Orphan Designation to Edison Pharmaceuticals for EPI-743 for Treatment of Leigh Syndrome
4. Edison Pharmaceuticals Announces Positive Results of EPI-743 Phase 2A Leigh Syndrome Clinical Trial
5. Massive Hiring Event for Life Science Professionals in Edison, NJ on 9/18/12
6. Edison Pharmaceuticals Announces Initiation of EPI-743 Phase 2B Leigh Syndrome Clinical Trial
7. Edison Pharmaceuticals Closes $20M Series F Financing
8. Samsung Medison Showcases New Medical Equipment and Technology with Samsung Electronics at RSNA 2012
9. Edison Pharmaceuticals & Bambino Gesu Childrens Hospital Announce Initiation of EPI-743 Phase 2 Cobalamin C Deficiency Syndrome Clinical Trial
10. Edison Pharmaceuticals, Inc. signs licensing agreement with Dainippon Sumitomo Pharma Co., Ltd. for development & commercialization of orphan mitochondrial and adult central nervous system disease drugs
11. Edison Expands North American Healthcare Sector Coverage With Initiation of Coverage on Bellus Health
Post Your Comments:
(Date:11/26/2015)... , November 26, 2015 ... potential to use SyMRI to find optimal contrast weighting of ... tumor metastases, and has signed a research agreement with SyntheticMR ... the hospital. Using SyMRI, it is possible to generate multiple ... settings after the patient has left, thus making it possible ...
(Date:11/26/2015)... 26, 2015 Research and Markets ( ... "2016 Future Horizons and Growth Strategies in ... Shares, Country Segment Forecasts, Competitive Intelligence, Emerging Opportunities" ... --> --> This new ... Japanese therapeutic drug monitoring market, including emerging tests, ...
(Date:11/26/2015)... , November 26, 2015 ... addition of the "2016 Future Horizons ... of Abuse Testing Market: Supplier Shares, Country ... report to their offering. --> ... the "2016 Future Horizons and Growth ...
Breaking Medicine Technology:
(Date:11/29/2015)... ... November 29, 2015 , ... Doctors who missed a case of mesothelioma ... signs of mesothelioma and push for a diagnosis, especially in people exposed to asbestos. ... here to read it now. , Researchers at Gifu Prefectural Tajimi Hospital ...
(Date:11/28/2015)... ... November 28, 2015 , ... Safe storage for contraceptive devices may ... one from Lakewood, New Jersey and the other from Bradley Beach, New Jersey, there ... save the expense of having to replace NuvaRings more often than necessary. As such, ...
(Date:11/27/2015)... Los Angeles, CA (PRWEB) , ... November 27, 2015 , ... ... the conversation at the recent 2015 American Dental Association meeting in Washington D.C. revolved ... can help protect a patient’s overall health. The talk stressed the link between periodontal ...
(Date:11/27/2015)... PITTSBURGH, PA (PRWEB) , ... November 27, 2015 ... ... to be a safe and convenient way to dispense prescription medications at home, ... safe and effective way to monitor and dispense prescription medications. In doing so, ...
(Date:11/27/2015)... ANGELES, CA (PRWEB) , ... November 27, 2015 , ... MPWH, the No.1 Herpes-only dating ... of 30 (see Table 1-1 ). More than 3.7 billion people under the ... virus type 1 (HSV-1), according to WHO's first global estimates of HSV-1 infection . ...
Breaking Medicine News(10 mins):