Costs of Traditional Administration

Medication errors are becoming increasingly common in healthcare settings, especially in pediatrics due to the complexity of weight based calculations and varying concentrations. 65% of medication errors are related to dosing with the majority of dosing mistakes occurring when the medication is drawn up from a vial (common practice).

Adverse drug events cost the US healthcare system roughly $77 billion annually, with the avoidable cost per error being up to $617 million . In the legal realm, medication dosing errors fall under the umbrella of medical malpractice where lawsuit settlements can cost the hospital system anywhere from $250,000 to $1,000,000 per case on average .

OmniDose's utilization of prefilled, color-coded cartriges takes the incidence of dosing errors from 38% in the traditional scenario to 0% with intended use . Not only does the OmniDose save patients from the harm of these adverse events due to dosing errors, but it can save your healthcare system the financial costs that come with legal settlements and treatments needed to reverse these unintended effects.