PharmaTrace

PharmaTrace Overview

PharmaTrace is a smart predictive tool designed to manage drug and medical device shortages, a major issue that has reached crisis levels. This tool is highly sought after by executives aiming to decrease spending and improve efficiency in healthcare organizations. It provides valuable insights into ordering and supply patterns, enabling better negotiation of pricing, reduction in supply fluctuation, and optimization of the ordering process. According to a Navigant survey, using such analytics tools for proactive, data-driven decisions could save hospitals nearly $10 million annually.

PharmaTrace Highlights

• Helps manage the ongoing, unprecedented shortage of pharmaceuticals, a major crisis affecting patients and physicians' access to critical therapies.
• Provides actionable insights into ordering and supply patterns, enabling healthcare organizations to reduce variation and improve efficiency.
• Supports data-driven decisions that could potentially save hospitals nearly $10 million per year, according to a Navigant survey.