The True Cost of “Traditional” Narcotic Vials
Traditional vials look cost-effective on an invoice—until you calculate the hidden burdens of labor, drug waste, and compliance liabilities. See how switching to Simplist® ready-to-administer prefilled syringes transforms your institutional bottom line.
Analyze your facility's wasteDisclaimer: Calculator outputs are estimates intended for educational and planning purposes only. Results are based on user-entered data, published literature, publicly available wage and cost information, and modeling assumptions. Actual operational, clinical, compliance, and financial outcomes may vary. This tool does not provide legal, regulatory, reimbursement, or clinical practice guidance.
Medication Error Rate Comparison1
Traditional vial and syringe practice (including cartridge-based system) vs Simplist Ready-to-administer
4x Lower Error Rate
A prospective, multisite, observational study of IV push medication preparation and administration compared the error rates between ready-to-administer products and traditional practice, including a cartridge-based syringe system and vial and syringe.
- Simplist was the only RTA delivery system used in the study
- Study limitations include only a select number of sites (3) and steps observed
Step 2: Operational & Labor Impact
Pre-populated with national averages and peer-reviewed literature benchmarks. Select adjust to customize.
Nursing Impact
Annual Labor Cost:
Estimated annual nursing labor cost attributable to medication waste, calculated from waste-event volume, time per event, days observed, and RN hourly wage.$0.00
Pharmacy Impact
Annual Labor Cost:
Estimated annual pharmacy technician labor cost for follow-up activity, calculated from waste-event volume, follow-up rate, time per follow-up, days observed, and technician hourly wage.$0.00
Diversion Impact
Annual Labor Cost:
Estimated annual diversion analyst labor cost for investigations, calculated from applicable follow-up rates, investigation time, waste-event volume, days observed, and analyst hourly wage.$0.00
Sustainability
Annual Receptacle Cost:
Estimated annual waste receptacle cost, calculated as the number of ADCs × annual exchanges per ADC × cost per exchange.$0.00
Step 3: Risk Exposure & Cost Avoidance
Pre-populated with national averages and peer-reviewed literature benchmarks. Select adjust to customize.
Traditional preparation using a vial and syringe showed an error rate of 10.4%, compared with 2.5% for RTA prefilled syringes. Adopting RTA protocols supports risk-reduction objectives.1
Estimated Potential Cost Avoidance:
Estimated annual cost avoidance generated by the medication-error scenario, based on the selected error-rate and cost inputs.$0.00
Calculates exposure risk for administrative record-keeping deviations under federal enforcement baselines.
Estimated DEA Penalty Exposure:
Estimated potential civil-penalty exposure, calculated as the number of potential DEA findings × the selected civil fine per applicable violation.9$0.00
Annual Totals
Potential Waste & Diversion Risk Reduction Opportunities
Visualizing what portion of total workflow operational load can be successfully optimized.
Annualized Addressable Waste:
0 Events
Current Total Waste:
0 Events
Full-Dose Vials Wasted:
0 Vials
Annualized Institutional Impact Summary
Acquisition Cost (PFS vs Vials):
$0.00
Labor & Operational Expenses Recovered:
$0.00
Mitigated Error Costs Avoided:
$0.00
Estimated Net Annual Impact:
Estimated net annual financial impact after combining modeled acquisition-cost differences with labor, operational, medication-error, and compliance cost savings.$0.00
ANNUAL VALUE / NET ROI
0 hrs
Nursing Care Restored
Estimated nursing hours associated with controlled-substance waste documentation potentially recovered.3
0 hrs
Rx & Diversion Restored
Estimated pharmacy and diversion hours associated with waste follow-up potentially recovered.5,6
0
Waste Events Eliminated
Estimated annual manual waste events potentially eliminated based on facility waste data.
0
Medication Errors Avoided
Estimated annual medication errors potentially avoided based on published IV push error rates.1
Important: Calculator outputs are estimates intended for educational and planning purposes only. Results are based on user-entered data, published literature, publicly available wage and cost information, and modeling assumptions. Actual operational, clinical, compliance, and financial outcomes may vary. This tool does not provide legal, regulatory, reimbursement, or clinical practice guidance.