Can the financial value of reducing needlestick risk be calculated?

A needlestick injury (NSI) can create costs associated with occupational health support, testing, investigation, admin, staff absence and, in some cases, legal claims. Healthcare organisations can use their own incident data and cost information to understand the potential financial exposure.

The most recent NHS Resolution study equated the average cost per litigated NSI to around £5,500 – not including staff absence, admin, testing, etc.

Sharpsmart can also assess your container-related needlestick data alongside agreed performance measures; this allows improvements to be tracked without assuming every prevented incident has the same financial value.