Shortage Navigator™ – AI Predicts Drug ShortagesLeave a Comment
New Name & Branding Reflects Major Advancements in AI & Shortage Prediction Capabilities
MINNEAPOLIS Nov.29th, 2023 – LogicStream Health today announced new naming and branding for its market-leading drug shortage management software. LogicStream’s ‘Shortage Navigator’ – formerly known as The Drug Supply App from LogicStream Health™ – aligns with the cloud-based software’s powerful artificial intelligence (AI) capabilities and their advanced algorithms to accurately predict drug shortages and supply vulnerabilities ahead of other sources in the market.
“LogicStream’s Shortage Navigator is unique for its ability to identify drug shortages ahead of others in the market based on our proprietary AI models,” said Patrick Yoder, PharmD and LogicStream CEO. “The Shortage Navigator reveals multiple factors driving ‘true use’ of medications currently in short supply or about to become a shortage and is a primary reason hundreds of hospitals are running and relying on our software today.”
Dr. Yoder said LogicStream customers running Shortage Navigator include academic medical centers, large integrated delivery networks and community hospitals geographically dispersed across the U.S. “Customers tell us often and consistently that our software is enormously helpful to pharmacy buyers and clinical teams alike as they navigate challenging complexities of persistent drug shortages while working very hard to ensure patient safety and quality care.”
Dr. Yoder said LogicStream’s Shortage Navigator delivers many advanced capabilities, including automatic push notifications of new shortages and changing market conditions and helps end-users determine which shortages are likely to impact their organizations. Dr. Yoder said the software determines actual medication utilization, or true use, based on near-real-time drug dispenses and administrations to patients, and tracks inventory, days on hand, cost, and fill rates at every level from enterprise-wide to specific drug cabinets and central pharmacy devices. LogicStream’s Shortage Navigator also analyzes each shortage’s unique characteristics and produces automated, customized recommendations for how best to manage each one.
“We believe our new Shortage Navigator name and branding is tightly aligned with the value and benefit our customers are experiencing as they use the software to manage drug supply disruptions,” Dr. Yoder said.
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