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Vascular Access ROI Model: Time Savings

Use the buttons on the bottom of each page to enter values into the calculation. Tab to move between questions and choose help, below at right, to learn more about how each item is used in the calculation. You can view your results at any time using the Results button, which also supplies an option to save your results in PDF format. In addition, your data is saved in association with your user id, so you may return at any time to review or edit.

The values shown in the column labeled Frost & Sullivan Study Data are median results from the six-month study encompassing over 200 U.S. hospitals, universities, and community colleges. Download the study's report in PDF format (542 k).

Step 1: Time Savings
A vascular access system provides procedural time savings when trainees gain proficiency and therefore speedier technique, and that time savings can have a beneficial impact on number of procedures that can be performed. Instructor time may be saved because the system allows for more independent learning.

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Frost & Sullivan
Study Data
Your
Data
     
1.a) Procedure Time Savings (per year)
$228,800
$0
  # of IV access procedures required to develop competence (per trainee)
13
 
Time saved per IV access because basic skills
have been mastered (mins)
10.5
 
Number of new trainees (per year)
65
 
       

Time Saved (mins per year)

8,872
0

Time Saved (mins/trainee/year)

136
0
       
  Number of additional procedures that can be performed (per trainee per year)
20
 
Average revenue generated per procedure
$30
$

1.b) Instructor Time Savings
       (Outside of Procedures)

$78,975
$0
  Instruction time saved (hours/year/ trainee )
16.2
 
Cost of instructor time
$75
$
.
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