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Reduced Study Costs

Reduced Study Costs

RapidLab
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Reduced Study Costs

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  1. Reduced Study Costs Through Automation ↓ Press Up or Down Arrow Keys to View Presentation ↑

  2. Why Should I Care About Using Automated Animal ID? Identification errors associated with manual ID methods frequently lead to… ●Administering the wrong treatments ● Collecting wrong measurements ● Negative impact on study data integrity ●Hidden costs associated with manual methods…

  3. What Are The Hidden Costs of Manual Identification Methods? ●Compromised study data ● Wasted lab technician time: Deciphering data from manual methods Re-measuring animals ● Noisy data from ID errors (need more animals per group) ● Cost of replacing compromised test animals ●Cumulative labor costs

  4. How Do RapID Tags Reduce Animal Identification Errors? Benefits of RapID Tag’s automated technology… ● Rapid (< 2 sec) hands-free automated scanning ● 100% accurate; 100% of the time ● No interpretation of ID is required ● Data collection time is optimized ● Multi-colored tags allow visual ID w/o scanning

  5. Cost Justification of RapID Tags- Quantitative Analysis - Test Assumptions: Time to ID and record data (ear punching/metal tags) …..20 seconds Time to ID and record data (RapID Tags)………………….……..2 seconds Typical study length (weeks) ……………..…..…………..…..…….12 weeks Number of test animals ………………..……………………………....100 Number of IDs per week (@ 1 per day)……………………….….500 Fully-burdened biologist labor rate (hourly)……………….…..$38 Manual ID method labor cost (20X12X500X38)/3600 = $1,266 Automated RapID Tag labor cost (2X12X500X38)/3600 = $126 Savings using RapID Tags ……………$1,140

  6. Cost Justification of RapID Tags- Qualitative Analysis - The qualitative benefits of RapID Tags, including their study data integrity and accuracy, are numerous but difficult to value qualitatively. However, the cost of RapID Tags is easily justified when the following is considered... … the cost for each repeated study necessitated by identification errors can range from $15,000 to $30,000, or more, when all hard and soft costs are taken into account.

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