Minnetronix Announces New Medical Device Monitoring and Intelligence System

February 9, 2011

ST. PAUL, Minn. February 9, 2011 — Minnetronix, a provider of award-winning product design, development and manufacturing services to the medical device and life science marketplaces, is pleased to announce the introduction of its latest product offering: the Minnetronix® Cognita™ System. The system will be debuted at the Medical Design & Manufacturing West Expo on February 8-10, in Anaheim, California.

The Minnetronix Cognita System is a remote medical device monitoring and intelligence system that gathers data from device fleets and translates this information into actionable business intelligence. By providing real-time information, capital equipment firms are given the ammunition to provide better customer service, increase revenue and effectively manage costs.

Increased Sales

The Minnetronix Cognita System helps increase sales via real-time marketing and sales information that enables quick and targeted action. Additionally, the system provides:

  • Instantaneous utilization tracking and daily procedure demand
  • Trending by usage time, account and region
  • Characterization and quantification of types of procedures
  • Reporting of actual product utilization

Lowered Maintenance Costs

Minnetronix provides the opportunity to lower maintenance costs through early fault and error monitoring, proactive remote diagnostics and troubleshooting, remote software upgrades, and making available key device data for analysis of fleet performance trends. Lowered maintenance costs are also realized by leveraging Minnetronix’ depot service – an outsourced, turnkey service organization.

Reduced Inventory

By providing demand-based utilization reports and remotely accounting for consigned inventory levels, the forecasting process is more accurately managed. The system also allows for daily existing inventory reports and is able to feed data directly into select ERP systems.

In addition, by leveraging the Minnetronix distribution warehouse, correct quantities of disposables are delivered in a timely manner and build processes are more precisely managed, decreasing stock outs and reducing costs – improving overall customer satisfaction.

Other Benefits

Further enhancing the value of remote device management is the opportunity to mitigate development and regulatory risk with pre-developed solutions that offer little-to-no impact on development timelines. Service integration is device-specific and utilizes methods that are widely accepted by regulatory agencies.

About Minnetronix

Minnetronix provides product design, development and manufacturing services to the medical device and life science marketplaces. As a recognized industry leader, Minnetronix incorporates custom electronic, mechanical and software engineering into Class II and III finished devices ranging from cardiovascular and monitoring systems, therapeutic and implantable devices, and diagnostic instruments.

During Minnetronix’ 15-year history, the company has successfully led 150 design and manufacturing projects for over 100 firms varying from small start-ups to large established firms. Included in a broad base of customers is 3M, Cleveland Clinic, HeartWare, MEDRAD, Medtronic, Penn State, St. Jude Medical, and numerous others.

To learn more about the Minnetronix Cognita System or the firm’s design and manufacturing services, please contact us at: 651-917-4060 or info@minnetronixmedical.com.