It’s critical for IT decision-makers to consider the impact of their patient wristbanding solution choice on patient safety, as we recently discussed. It is also important to consider business and performance issues such as cost of ownership.
Consideration #2: Total Cost of Ownership—Hardware & Supplies Costs
By taking steps to determine the total cost of ownership (TCO) before selecting and deploying a patient wristband print solution, healthcare organizations can create a roadmap for improving workflow processes and enhancing overall productivity. Here are some factors to consider when estimating the total cost of printer ownership:
Hardware Acquisition Costs
The cost of acquiring a wristband printer comprises a significant portion of the overall investment. A thermal wristband printer is comparable in price to a laser tray and less expensive than purchasing a new laser printer. Thermal printers also offer a lower cost of ownership over the life of the wristband solution in addition to creating a significantly smaller footprint.
In addition to the actual cost of the wristband, healthcare organizations must determine how wristband assembly, storage and inventory costs, as well as user intervention, impact the overall investment.
While laser printers must print full or half sheets of wristbands or labels to maintain control of the media, thermal printers provide on-demand printing, allowing users to generate only the wristbands or medical record labels they need. This reduces the cost and waste of unused wristbands and labels.
With laser printers, printing bar codes requires at least 30 percent more toner than typical text printing, resulting in six times higher toner costs. Unlike laser, thermal printers do not require users to replace ink or toner or store toner cartridges, so with no supplies to replace other than the material to be printed, long-term maintenance costs and total cost of ownership remain low.
Learn more in this white paper: Calculating Total Cost of Ownership for Patient Identification Wristbands
Discover more about patient safety and patient ID here.
Stay tuned for Part 2, when next we explore ease of IT integration and support as part of total cost of ownership.