RIVA, the fully automated IV compounding system manufactured by Intelligent Hospital Systems (IH Systems), is ahead of competitors in overall performance, meeting business case expectations and customer satisfaction, according to a new study of IV automation systems by independent healthcare research firm KLAS.
The study, "U.S. IV Automation: Robots and Workflow Solutions in 2012," examined five pharmacy automation systems, including RIVA and its leading competitors. The report found that RIVA's initial data scores were highest among all the systems studied. RIVA technology also received high marks for having needed functionality, being ready for widespread industry use and customers that would buy it again. Significantly, RIVA was the only IV automation system in the study to have all customers report it was meeting or exceeding anticipated ROI.
"Safety reduces costs, and RIVA provides hospitals with a very high 'safety dividend' that is a unique and invaluable aspect of its ROI," said Dr. Niels Erik Hansen, president and CEO of Intelligent Hospital Systems. "RIVA's technology has been engineered to prevent human error, which is the most common source of medication contamination and can have tragic results as evidenced by the recent meningitis outbreak."
From a purely financial perspective, RIVA's ability to help hospitals and pharmacies reduce costs also has been well documented. The technology allows users to lower the cost-per-dose of medication, reduce the need for outsourcing and decrease waste. The system's strong business case was confirmed by RIVA users that participated in the KLAS study: the report found that all RIVA customers said they were realizing their ROI, and "several indicated they were doing better than they had expected."
The KLAS study also highlighted a national trend toward automation which suggests RIVA is well-positioned for substantial growth. The report found more than 90 percent of organizations with more than 500 beds anticipate purchasing a robotic system (one component of RIVA is a robotic arm), most within the next five years. Importantly, among the systems providers are considering, KLAS found that "RIVA leads in mindshare."