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Milestone Scientific Secures Federal Supply Schedule (FSS) Approval on Contract for CompuFlo® Epidural System
FSSFederal Signal (FSS) GlobeNewswire News Room·2024-11-26 13:30

Core Insights - Milestone Scientific Inc. has received approval for its CompuFlo® Epidural System on the Federal Supply Schedule (FSS), enhancing its position as a contractor for federal healthcare systems [1][2][7] - The FSS designation allows Milestone Scientific to offer pre-negotiated pricing for its products, streamlining procurement for government agencies [2] - The CompuFlo® Epidural System utilizes patented Dynamic Pressure Sensing Technology®, improving patient safety and comfort during epidural procedures [3] Federal Healthcare Opportunities - The FSS approval opens significant opportunities within federal healthcare systems, including the Department of Defense (DoD), the Department of Veterans Affairs (VA), and the Indian Health Service (IHS) [4][5][6] - The Veterans Health Administration (VHA) serves 9.1 million veterans, with one-third experiencing chronic pain, indicating a substantial market for effective pain management solutions [4] - The Military Health System (MHS) serves approximately 9.5 million beneficiaries, with a significant percentage of active-duty service members experiencing chronic pain, highlighting the need for innovative pain management [5] - The Indian Health Service (IHS) provides healthcare to 2.8 million individuals, with 19.3% experiencing chronic pain, particularly among women and older adults [6] Company Strategy and Leadership - The CEO of Milestone Scientific emphasized that securing the FSS approval is a pivotal achievement that validates the efficacy and safety of the CompuFlo® technology [7] - The company has been preparing for this approval by developing a robust pipeline of opportunities across the VA, DoD, and IHS, aiming to drive adoption of the CompuFlo® Epidural System [8]