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LogicStream Health™ Acquires Four New Health System Clients in First Quarter of 2019

April 11, 2019

MINNEAPOLIS--(BUSINESS WIRE)--Apr 11, 2019--LogicStream Health, Inc. announced today that four major U.S. health systems have selected The Drug Shortage App in the first three months of 2019 to combat the nationwide drug shortage crisis.

The Drug Shortage App helps pharmacy teams save lives, time and money. The app automates manual processes currently used by hospital and health system teams working to mitigate drug shortages. One key benefit of the software is its capability to proactively identify the impact of drug shortages that matter most to clinical operations staff.

The four health systems are located in various regions of the country including the southeast, northeast and Midwest and add to LogicStream Health’s current client community including large health systems from across the United States. With the addition of these new customers to the LogicStream Health community, proprietary early warning algorithms in The Drug Shortage App software monitoring medication ordering, dispensation and administration activity patterns across hundreds of hospitals becomes more accurate in proactively identifying potential shortages.

“Drug shortages are a major problem impacting patient safety, they place an extreme burden on pharmacy teams’ time, and often negatively impact a health system’s profitability,” said Patrick Yoder, PharmD, CEO and co-founder of LogicStream Health. “The power of our software is its ability to process the data collected by clinical and pharmacy teams across hundreds of hospitals and turn it into site specific early indicators of potential shortages and actionable recommended paths to manage through the situation.”

The LogicStream Health community comprises several hundred hospitals ranging from stand-alone, single-entity locations to multi-state, 50+ hospital systems.

About The Drug Shortage App from 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190411005592/en/

CONTACT: Jodi Perkins

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KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE OTHER TECHNOLOGY HEALTH MOBILE/WIRELESS GENERAL HEALTH

SOURCE: LogicStream Health, Inc.

Copyright Business Wire 2019.

PUB: 04/11/2019 11:11 AM/DISC: 04/11/2019 11:11 AM

http://www.businesswire.com/news/home/20190411005592/en