The Drug Shortage App from LogicStream Health Wins 2019 MedTech “Clinical Efficiency Innovation Award”
Annual ‘Breakthrough Awards Program’ Recognizes Outstanding Technological Innovations in the Health and Medical Industries
Minneapolis, MN – June 6, 2019
LogicStream Health today announced that The Drug Shortage App From LogicStream HealthTM won the “Clinical Efficiency Innovation Award” by MedTech Breakthrough, an independent organization that recognizes technological innovation in the health and medical industries. This award comes from MedTech Breakthrough’s annual awards program, which garnered more than 3,500 nominations from across the globe.
The Drug Shortage App addresses the growing concern of the drug shortage crisis in the U.S. healthcare system, and its many negative repercussions. According to the U.S. Food and Drug Administration, the number and duration of prescription drug shortages is growing; these shortages lead to: rising drug costs; a negative impact on pharmacist productivity levels; compromised or delayed medical procedures and drug therapy efforts; and healthcare professionals forced to turn to other medications, which can lead to increased risks to patient safety.
The Drug Shortage App, however, works to provide healthcare professionals and hospital pharmacists necessary early-warning information to manage both supply and demand for specific medications during a shortage. The app allows professionals to see which clinicians frequently prescribe and dispense certain medications, to manage inventory levels, and evaluate when the shortage is over.
Patrick Yoder, PharmD, Co-Founder and CEO, LogicStream Health, said, “Our groundbreaking drug shortage app has tremendous momentum this year with several new major U.S. health systems signing up and a healthy ongoing demand and pipeline. We are thrilled to accept this honor from MedTech Breakthrough and will continue to strive for innovation and excellence in all we do in our mission to combat the nationwide drug shortage crisis.”
“The annual awards program celebrates the world’s most outstanding Digital Health and Medical Technology products, services and companies, and LogicStream Health’s Drug Shortage App is certainly one to celebrate,” said James Johnson, managing director, MedTech Breakthrough. “This organization and product is actively working to address a real concern within the healthcare industry, and they continue to use innovation and creativity to do so. We are proud to recognize LogicStream Health as a marquee innovator in our 2019 MedTech Breakthrough Awards program.”
This annual MedTech Breakthrough awards program recognizes many innovative companies and products from across the globe. Along with the Clinical Efficiency Innovation Award, MedTech Breakthrough also names winners in the following categories: Best Computerized Decision Support (CDS) Solution, Patient Engagement Innovation Award, Best Overall Healthcare Cybersecurity Company, Best Health Network Technology Implementation, and dozens more.
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 as well as The Drug Shortage App stand alone in their ability to help customers gain instant insights to improve vital clinical processes and better control patient care. As a result, hospitals and health systems reduce cost and improve outcomes. Healthcare customers are saving millions of dollars on the LogicStream Health platform. For more information about The Drug Shortage App, visit www.thedrugshortageapp.com.
About MedTech Breakthrough:
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the MedTech Breakthrough Awards program is an independent program devoted to honoring excellence in medical and health related technology companies, products, services and people. The MedTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough health and medical companies and products in categories that include Patient Engagement, mHealth, Health & Fitness, Clinical Administration, Healthcare IoT, Medical Data, Healthcare Cybersecurity and more. For more information, visit MedTechBreakthrough.com.