Tackling Drug Shortages: The Drug Shortage App from LogicStream Health™
December 18, 2018 – Jeremy Olson from the Star Tribune recently wrote an article about The Drug Shortage App from LogicStream Health™. The Drug Shortage App is the first of its kind and able to help hospitals and health systems tackle drug shortages.
LogicStream Health, a health care technology company based in Minnesota, is tackling the costly problem of drug shortages. Inpatient drug spending can inflate by 1 to 5 percent due to shortages. This can ultimately create millions of dollars in waste.
The Drug Shortage App utilizes a combination of sources across the nation to allow hospitals to be proactive about drug shortages. Using a Predictive Impact Score and usage information, The Drug Shortage App tailors potential shortages on a location-by-location basis.
The U.S. Food and Drug Administration (FDA) maintains a list of drugs in short supply, but The Drug Shortage App provides faster, earlier and clearer guidance.
The Predictive Impact Score can also be used to differentiate between shortages that might affect a hospital. This helps to eliminate buying in panic and wasting excess spend and inventory.
If not managed properly, drug shortages can increase costs or cause pharmacy staff to spend excess time identifying shortages and hunting for remaining supplies of drugs on the market. The biggest risk is the nightmare scenario when a pharmacist can’t find a drug that a patient needs.
These reasons are few of many that create the rising urgency for hospitals and health systems to determine an effective way to mange drug shortages.
About LogicStream Health
LogicStream Health is trusted by a community of high-performing healthcare providers across the United States. The company also has a clinical process control and improvement software-as-a-service (SaaS) platform. This stands alone in its ability to help customers gain instant insights to improve vital clinical processes and patient care. As a result, customers reduce cost and improve outcomes.
The LogicStream Health SaaS platform is ‘must-have’ technology. It enables clinical teams to quickly improve clinical processes in near-real-time. It is also designed for rapid implementation and easy adoption by all end-users.
LogicStream Health software today is supporting hundreds of hospitals to standardize processes and deliver highly reliable healthcare.