The company, founded by Stephen Banco, MD, and Runway, developed a spine surgery navigation tool with an app-based operating system to help surgeons place pedicle screws. The system received FDA approval in September as an alternative to fluoroscopy.
Waypoint GPS includes proprietary color-sensing technology to guide surgeons during vertebral fixation, according to the report. The technology could lead to 100% screw placement accuracy.
With the most recent investment, Waypoint has raised $3 million.
Dr. Banco is a fellowship-trained spine surgeon at Wyomissing, Pa.-based Keystone Spine & Pain Management Center. He is a founding partner of The Surgical Institute of Reading and fellow with the American Academy of Orthopaedic Surgeons.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
