True:

Proper drug syringe labeling is an important function that improves patient safety and ensures compliance with federal and hospital regulations.  The reality is that proper labeling including writing the date, time, user initials and expiration information is a laborious task and legibility is questionable, especially when multiple drugs are prepared.

Vigilant Labels removes all the burden and frustration from the anesthesia provider so that s/he can focus on the important task of taking care of the patient.  And with the incorporation of barcodes onto each syringe, our system can help to save the hospital pharmacy hundreds of thousands of dollars on lost anesthesia drug charges which have plagued the system without a solution and has been regarded as acceptable ‘leakage’ or the cost of doing business and running an operating room… Until now.

https://news.harvard.edu/gazette/story/2015/10/medication-errors-found-in-1-out-of-2-surgeries/

Medication errors found in 1 out of 2 surgeries: The most frequently observed errors were mistakes in labeling, incorrect dosage, neglecting to treat a problem indicated by the patient’s vital signs, and documentation errors. 

True: 

Adhesive Tape and Intravascular-Catheter-Associated Infections https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1496597/

All the above:

USP <797> USP<800> 

Yes: Safety, as described in the first article.

Vigilant Labels

C. $72.5 Billion

The estimated cost of controlled prescription drug diversion and abuse to both public and private medical insurers is approximately $72.5 billion a year. In 2007 alone, the economic cost related to drug abuse in the United States was estimated at $193 billion. Written by the Pharmacy times The High Cost of Drug Diversion 2016-01-04 03:45:35