Article source: Ryan Boswell, 1 News
A Christchurch company is working to eliminate financial waste in New Zealand’s healthcare system, with the potential to save $100 million a year.
Medsalv is taking used medical devices destined for the dump and cleaning them up so they can be reused in hospitals nationwide.
Oliver Hunt founded Medsalv as part of his masters in engineering management, and said there’s the potential to save 1700 tonnes of waste each year.
“Re-manufactured products are typically sold back to hospitals for between 40% to 75% of the original price,” said Hunt.