Bioservo ROI Test 2

 by Johan Sleman

Company Related Information:

0,0 = Personnel injured never receives medical attention. 1,0 = Every injured personnel receive medical attention. Information

Usage Related Information:

The Ironhand® Unit can be used by multiple workers. E.g. two shift.

The risk reduction the Ironhand® system can produce depends on the application.

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Welcome to our ROI

In order to best help our customers understand the risk costs and benefits of using our technology, we created a ROI.
The numbers that are presented derives from OSHA statistics in combination with studies that have predicted the probability of getting injured.
We have chosen numbers from the Occupational Safety and Health Administration [OSHA] in the US, and will in the future include numbers from the European Agency for Safety and Health at Work.
If You have any questions, don´t hesitate to contact us.
Links: OSHA Calculator

Disclaimer:
Bioservo does not guarantee the accuracy of the data on the web site and any user of the website acknowledges that any use of the data on the web site is at the user’s own risk.

Probability of Reciving Medical Attention


We can predict the costs at a certain level of risk, based on physical capacity. However, the probability of receiving medical attention greatly varies from client to client. Therefore, we have enabled the function to change this factor. 0,0 = Personnel injured never receives medical attention. 1,0 = Every injured personnel receives medical attention.

What is this based on?


In the study conducted by Klussmann A et al. 1 the prevalence of symptoms at a certain risk level have been established. The results validates the KIM MHO method used during our assessments. Read more here: Risk assessment of manual handling operations at work

KIM MHO worksheet including manual: Baua.de
Estimated Costs of Occupational Injuries have been derived from the American OSHA: OSHA Calculator

















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Results

Workers At Risk:

1

Risk Cost Without Prevention:

$21,000

Risk Cost with Ironhand:

$10,000

Risk Reduction Savings:

$11,000

ROI

10

Return of Investment over a 24 Month Period

- Drop at 12 months indicate purchase of 6 new gloves / user.