Tag Archive: Drug Shortages

  1. 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

    Much more detail is provided on each of these six keys in the original article. If you’re interested in learning more about how to manage drug shortages with The Drug Shortage App from LogicStream Health™, visit The App homepage. To help hospitals manage drug shortages during the COVID-19 pandemic, LogicStream Health is also offering free notifications from The App. You can sign up for those notifications by sending an email to earlywarning@logicstreamhealth.com or completing the form on this page.

  2. 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.

  3. 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 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.