DC Surgical Supplies aims to help NHS Trusts to make significant cost reductions by offering a new range of titanium maxiangle locking plates and compression screws. Having secured an exclusive license with the Palmer & Baker brand, they intend to offer this range at a 35% cost reduction to the NHS.
In November 2015 the government set the NHS a target to achieve savings of £22 billion by 2020/21. Just a few years in and it is struggling to achieve that objective.
An area where costs could be reduced is the procurement of orthopaedic equipment. Every year the NHS spends approximately £500 million on such devices, with each trust spending between £3 million and £4 million per annum. This figure is growing year on year.
A closer examination of the situation suggests that the NHS is paying more in this area than should be considered acceptable. We feel that part of the problem is that the orthopaedic equipment market is dominated by large players such as Depuy Synthes, Zimmer Biomet, Stryker, Medtronic and Smith & Nephew and our research suggests that they do not compete on price.
DC Surgical Supplies Ltd is a start-up company that plans to help NHS Trusts to make significant cost reductions by offering a new range of titanium maxiangle locking plates and compression screws that are aiming to be available at a price point which is 35% less than the NHS currently pays.
The company is able to bring this solution to the market having secured the license to be the sole and exclusive UK and Ireland agent for the Palmer & Baker brand of orthopaedic internal fixation devices.
A seed investor has already invested £60,000 to bring the company to current position.