Shortage Navigator™ – AI Predicts Drug Shortages

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  1. 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.

  2. 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.