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Vascular Access ROI Model: Reduction in Errors

Step 2: Reduction in Errors
Reduction in errors may result from better early training in vascular procedures. Common errors include missing the vessel, requiring an additional IV kit; causing patient discomfort or a local site infection or hematoma; and causing patient discomfort that resulted in cancellation of the procedure.

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Frost & Sullivan
Study Data
Your
Data
Total Savings
$16,760
$0  
     
2.a) Complications (per year)        
  # of complications due to IV access procedures (per year)
1120
 
Average cost of complications
$50
$  
Estimated percentage of complications that can be attributed to inexperience
25.0%
  %
     
2.b) Cancellations (per year)    
  Reduction in number of cancelled procedures (per year)
92
   
Cost of cancelled procedure
$30
$  
 
 

 

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