Financial Impact

An average hospital stay of 5 days will typically require 6 catheters with 3 start kits, costing the hospital an average of $31.50. SkyDance expects it will be able to reduce the cost down to $12.95 by the use of a single Osprey and start kit, saving the healthcare system $18.55 per stay.

In addition, PIV bloodstream infections which cause extended treatments cost a non-reimbersed average of $30,000 per incident. The healthcare facility must absorb these costs at an annual U.S. run-rate of $14B.

The full Health Economics Outcomes Research Report, including footnotes, is available to download here.