LogicStream Health Highlighted by KLAS for Drug Shortage Software 

Tag Archive: Drug Shortages

  1. LogicStream Health Highlighted by KLAS for Drug Shortage Software 

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    MINNEAPOLIS – April 09, 2024 – LogicStream Health, the leading drug shortage management software firm supporting hundreds of hospitals nationwide, today announced the company has been highlighted by KLAS in the research firm’s latest report analyzing drug shortage software. LogicStream’s Shortage Navigator software achieved high scores by customers, according to KLAS, for its capability to deliver “significantly improved shortage recognition, navigation, and communication. LogicStream Health is highlighted for their strong support team that listens to feedback and delivers on requests.” 

    One director interviewed by KLAS noted, “When we have a shortage, there is a lot of information available to us. The system tells us whether the shortage is getting better or worse or whether it is staying the same. It also helps determine where the item is used and adjust order sets so that we diminish the amount that we are using for the shortage. The system is good at tracking.”  

    “Drug shortages are a significant, persistent problem that represent a serious risk to patient safety and health,” said Patrick Yoder, PharmD, LogicStream Health CEO and co-founder. “We are honored to be recognized by KLAS in its report for our groundbreaking software innovations that have been consistently helping our healthcare customers since 2018 provide the highest quality of care to their patients.” 

    LogicStream’s Shortage Navigator software received an overall performance score of 87.8 (limited data) from KLAS in its March 2024 “Emerging Company Spotlight”.  The report reveals an overwhelming number of customers as satisfied or highly satisfied with Shortage Navigator. In addition, more than 80 percent of customers surveyed indicated to KLAS that they would buy the LogicStream Shortage Navigator software again. Other notable customer comments in the KLAS report show LogicStream Health as a highly responsive vendor that “keeps all promises” and delivers a product that “works as promoted.”  Said one analyst customer: “I admire LogicStream Health’s connectivity. The vendor offers so much meeting support. That is great. Every time I have an opportunity for improvement for LogicStream Health, I give the opportunity to them, and they do it.” 

    About KLAS 

    KLAS is a research and insights firm on a global mission to improve healthcare. Working with thousands of healthcare professionals and clinicians, KLAS gathers data and insights on software and services to deliver timely reports and performance data that represent provider and payer voices and act as catalysts for improving vendor performance. The KLAS research team publishes reports covering the most pressing questions facing healthcare technology today, including emerging technology insights, that provide early insights on the future of healthcare technology solutions. KLAS also fosters measurement and collaboration between healthcare providers and payers and best practice adoption. Learn more at klasresearch.com. 

    About LogicStream Health 

    LogicStream Health is trusted by a community of high-performing healthcare providers across the United States. The company’s software-as-a-service (SaaS) platform 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. Healthcare customers are saving millions of dollars with the LogicStream Health software. LogicStream’s Shortage Navigator software is used by hundreds of hospitals because it is ‘must-have’ technology enabling clinical teams to quickly respond to and manage drug shortages. For more information, please visit www.LogicStreamHealth.com. 

  2. Shortage Navigator™ – AI Predicts Drug Shortages

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    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.

    To get ahead of drug shortages using AI, advanced analytics and specialized solutions, contact us.

  3. Drug Shortages Affect Cancer Patients

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    Drug shortages are a serious problem that can have devastating consequences for cancer patients. According to a recent report by the New York Times, many drugs that are essential for treating various types of cancer are in short supply or unavailable in the United States. This can force doctors to ration doses, delay treatments, switch to less effective alternatives, or even cancel life-saving therapies.

    The impact of drug shortages on cancer patients is alarming. According to a study by the American Society of Clinical Oncology (ASCO), more than 80% of oncologists surveyed in 2019 reported experiencing drug shortages that affected their patients’ care. The most commonly affected drugs were those used for chemotherapy, immunotherapy, and supportive care. The study also found that drug shortages led to increased costs, reduced access, and lower quality of care for cancer patients.

    Some of the reasons for the drug shortages include manufacturing problems, quality issues, supply chain disruptions, regulatory hurdles, and market forces. The COVID-19 pandemic has also exacerbated the situation by increasing the demand for certain drugs and reducing the production capacity of some factories. The federal government and the pharmaceutical industry have taken some steps to address the problem, but experts say more needs to be done to prevent further harm to patients and public health.

    Drug shortages are not only a problem in the United States. They are a global issue that affects many countries and regions. According to a report by the World Health Organization (WHO), more than half of the countries surveyed in 2016 reported experiencing drug shortages that affected essential medicines, including those for cancer. The report also highlighted the need for better coordination, regulation, and monitoring of the global pharmaceutical supply chain to ensure the availability and affordability of medicines for all.

    To get ahead of drug shortages using advanced analytics and specialized solutions, contact us.

  4. Drug Shortages Reach 10-year High

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    According to recent information by ASHP reported by Pharmacy Practice News, drug shortages have reached a 10-year high in the first quarter of 2023. There are currently 301 drugs in shortage, affecting various therapeutic areas such as chemotherapy, CNS, antimicrobials, and fluids and electrolytes. The main causes of these shortages are unknown, but some factors include supply-and-demand issues, manufacturing problems, and business decisions. These shortages have serious implications for patient care and safety, especially for those who rely on drugs that have no alternatives. ASHP and other stakeholders are working to address this issue and advocate for policies that ensure a stable and high-quality drug supply.

    If you dream of getting ahead of drug shortages, managing them more effectively, and using less of your time doing so, contact us.

  5. LogicStream Health and FDB Collaborate to Help Improve Management of Drug Shortages

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    LogicStream’s Drug Supply App™ now recommends therapeutic alternatives to minimize impact of drug supply disruptions

    MINNEAPOLIS and SOUTH SAN FRANCISCO, Calif., Dec. 5, 2022 /PRNewswire/ — LogicStream Health, a leading clinical intelligence software and data services firm, and FDB (First Databank, Inc.), the leading provider of drug knowledge that helps healthcare professionals make precise decisions, today announced a collaboration in which the FDB MedKnowledge® database is integrated into The Drug Supply App from LogicStream Health™ to help health systems efficiently prescribe optimal drug therapies during drug shortages and reduce delays in patient care and lower costs.

    Drug shortages were common even before the well-known supply chain disruptions caused by the COVID-19 pandemic. Results of a 2019 survey of health systems showed that 100% of responding facilities were affected by drug shortages in the previous year, which was estimated to add 8.6 million staffing hours and a cost of $359 million at some 6,000 hospitals across the United States.

    The Drug Supply App with FDB MedKnowledge will help health systems significantly reduce clinical and supply-chain staff time with evidence-based alternative drug therapy recommendations when an ordered drug is unavailable. The Drug Supply App eliminates delays in care by providing pharmacy staff with information needed to stock therapeutic alternatives ahead of potential drug shortages. 

    The Drug Supply App’s machine learning model identifies the impact of relevant drug shortages to health systems based on internal usage, as well as demand patterns from comparable organizations and third-party data. The app saves hours for care teams by delivering timely clinical insights to help maintain care plan integrity and promote optimal outcomes.

    “Drug shortages that challenged health systems before the pandemic have significantly worsened recently,” said Patrick Yoder, PharmD, CEO of LogicStream Health. “FDB MedKnowledge embedded inside The Drug Supply App shortens the time to identifying effective drug therapies with trusted guidance about therapeutic alternatives. Clinicians are very familiar with FDB’s medication decision support, given widespread adoption of FDB MedKnowledge, and we look forward to working together and successfully bringing this powerful combination of software and drug data to our respective customer communities and prospects.”

    FDB MedKnowledge is a comprehensive database that encompasses U.S. Food & Drug Administration (FDA)-approved prescription drugs, over-the-counter medications, and limited collections of disposable or reusable medication devices commonly dispensed by pharmacies. The database’s foundational building blocks, which include drug product nomenclature, drug descriptive elements, unique identifiers, and drug classification systems, facilitate interoperability with The Drug Supply App and with hospital IT systems. The foundational building blocks also help ensure drug data quality within The Drug Supply App.

    “For more than four decades, hospitals and health systems have relied on FDB MedKnowledge to efficiently support their drug prescribing decisions and to help protect patients’ safety and health with reliable and relevant guidance,” said Bob Katter, president of FDB. “Our integration within LogicStream Health’s platform is a testament to the ability of FDB MedKnowledge to deliver that peace of mind and confidence, even in the face of potentially time-consuming, risky, and disruptive drug shortages. Our actionable drug information combined with LogicStream Health’s data and analytics tools facilitates cohesive, high-quality care delivery and can significantly help to reduce the financial impact of shortages no matter the drug or when the shortages occur.”

    About LogicStream Health
    LogicStream Health, based in Minneapolis, is trusted by a community of high-performing healthcare providers and partners to generate clinical insights from clinical data. The company’s cloud-based clinical data and intelligence platform gathers, normalizes, and connects clinical data. It houses years of experience in its automated processing, advanced analytics, and machine learning. This platform serves as an underpinning for the company’s software-as-a-service (SaaS) clinical insights, data services, and life science products. As a result, customers reduce cost, improve outcomes, improve the supply chain, and accelerate research and development. Customers are generating millions of dollars in ROI from clinical intelligence using LogicStream Health’s clinical data platform.

    About FDB
    FDB (First Databank, Inc.) creates and delivers the world’s most powerful drug knowledge that ignites, inspires, and illuminates critical medication decisions. We collaborate with our partners to help improve patient safety, operational efficiency, and health outcomes. Our drug databases drive healthcare information systems that serve the majority of hospitals, physician practices, pharmacies, payers, and all other areas of healthcare and are used by millions of clinicians, business associates, and patients every day. Please visit us at https://www.fdbhealth.com/, or follow us on Twitter, LinkedIn, and YouTube.

    About Hearst Health
    The mission of Hearst Health is to help guide the most important care moments by delivering vital information into the hands of everyone who touches a person’s health journey. Care guidance from Hearst Health reaches the majority of people in the U.S. The Hearst Health network includes FDB (First Databank), Zynx Health, MCG, Homecare Homebase, and MHK. Hearst also holds a minority interest in the precision medicine and oncology analytics company M2Gen. Follow Hearst Health on Twitter @HearstHealth or LinkedIn @Hearst-Health.

    Contact:
    Steve Canakes, EVP Sales/Marketing
    LogicStream Health
    M: 612.867.4581
    Steve.canakes@logicstreamhealth.com

    Tara Stultz
    Amendola Communications for FDB
    M: 440-225-9595
    tstultz@acmarketingpr.com

  6. Hospital Drug Shortages During the COVID-19 Pandemic

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    Patrick Yoder, PharmD, LogicStream Health CEO, was recently published in Advance for Nurses, discussing hospital drug shortages during the COVID-19 pandemic.

    In the article, Yoder outlines how drug shortages were a prevailing problem ahead of the novel coronavirus outbreak and were considered a ‘chronic, ongoing crisis with no end in sight.’ As has been the case historically, natural disasters can have long-term effects on the pharmacy supply chain, as evidenced by the shortages following Hurricane Maria in 2018.

    Compounding the problem in the current situation is the reliance on foreign countries, namely China, Italy and India, in supplying generic medications and active pharmaceutical ingredients (APIs) to the United States. As those countries experience a disruption in their manufacturing processes, it has an extended impact on the supply chain for the U.S. pharmaceutical market. One expert, Dr. Scott Gottlieb, has shared that he thinks the list of drugs that could be at risk is much larger than the 20 sole-sourced drugs that are at risk because they are produced only in China.

    Below is a condensed version of the six keys to managing shortages in the current environment. Read the full article to get all the details:

    1. Early warning
    2. Build a watch list
    3. Know your electronic systems
    4. Communicate, communicate, communicate
    5. Know your inventory and update it often
    6. Document all process, workflow, communication and inventory changes enacted during the shortage

    More detail is provided on each of these six keys in the article. If you’re interested in learning more about drug shortage management with Drug Shortage Navigator from LogicStream Health™, click here.

  7. How One Pharmacy Entrepreneur is Solving the Drug Shortage Crisis

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    Your Financial Pharmacist PodcastOn this episode of the Your Financial Pharmacist (YFP) podcast, Tim Ulbrich, YFP co-founder, interviews Dr. Patrick Yoder, co-founder and CEO of LogicStream Health.

    Together, they discuss Patrick’s journey as a pharmacy entrepreneur, getting his PharmD from the University of Iowa, starting as a clinical pharmacist at Lake Regional Health System, serving as the Director and then VP of Clinical Development and Informatics at Wolters Kluwer to being the Co-Founder and CEO of LogicStream Health since 2013.

    Listen to the full podcast here!

    Summary

    When Patrick graduated from pharmacy school, there was a shortage of pharmacists. He chose to become a clinical pharmacist, leading him into taking on more business roles in companies.

    These roles motivated Patrick to use technology to change the way pharmacists work with electronic health records. He took risks to co-found LogicStream Health and continued his business-oriented journey. He currently serves as the company’s CEO. In 2018, The Drug Shortage App from LogicStream Health™ had its debut.

    Patrick shares advice on starting an app, why serving in the community is important and also what should be done to expose more pharmacists to an entrepreneurial path in pharmacy school in this episode.

    About Patrick Yoder

    Patrick developed a passion for innovation by reengineering bicycles to better suit the needs of childhood. He started his career in medical research, then as a clinical pharmacist and an informaticist. He developed experience leading innovative teams at Wolters Kluwer. There, he spearheaded the creation of a solution that established the company as the recognized leader in the market within four years. He also led the informatics team at Hennepin County Medical Center before co-founding LogicStream Health. Patrick enjoys scuba diving, running and cycling in his time away from LogicStream Health.

    About LogicStream Health

    LogicStream Health is trusted by a community of high-performing healthcare providers across the United States. The company’s clinical process control and improvement software-as-a-service (SaaS) platform 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.

    Also available is The Drug Shortage App from LogicStream Health™. It reduces risk to patients, controls medication spend and increases staff productivity as a result of the ongoing drug shortage epidemic. The LogicStream Health SaaS platform is ‘must-have’ technology enabling clinical teams to quickly improve clinical processes in near-real-time. It’s also designed for rapid implementation and easy adoption by end-user clinicians, informaticists, data analysts and executive teams.

    LogicStream Health software today is supporting hundreds of hospitals on a scalable and sustainable technology platform to standardize processes and deliver highly reliable healthcare. For more information, please visit www.LogicStreamHealth.com.

  8. Tackling Drug Shortages: The Drug Shortage App from LogicStream Health™

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    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.

    Article Summary

    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.

    To read the full article, click here. Want to see The Drug Shortage App in action? Schedule a demo!

    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 costs and improve outcomes.

    The LogicStream Health SaaS platform is a ‘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.