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PharmaTrace

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PharmaTrace offers an advanced predictive analysis solution that addresses the current crisis of pharmaceutical shortages, which significantly affects patient care and the ability of healthcare providers to deliver essential treatments. It serves as a critical asset for healthcare executives and administrators, providing them with actionable insights to make informed decisions on drug ordering and supply patterns. The tool’s descriptive and predictive capabilities allow users to negotiate better prices, stabilize supply fluctuations, and improve the overall ordering process. Implementing this technology can lead to substantial financial savings and operational improvements in managing drug supplies.

How PharmaTrace can help you:

  • Predict drug shortages and allow for proactive supply chain management.
  • Provide data-driven insights for better decision-making in drug procurement.
  • Enable negotiation of more favorable drug prices with suppliers.
  • Reduce supply variations and ensure a consistent supply of necessary medications.
  • Streamline and optimize the ordering process for pharmaceuticals.

Why choose PharmaTrace: Key features

  • Advanced analytics to manage and predict drug supply needs.
  • Tools to analyze and reduce spending within pharmaceutical management.
  • Potential to save significant costs, with hospitals saving almost $10 million annually.
  • Offers descriptive insights and predictive analytics for smarter purchasing strategies.

Who should choose PharmaTrace:

  • Healthcare organizations and hospitals seeking to reduce spending on pharmaceuticals.
  • Healthcare executives and administrators tasked with procurement and supply chain management.
  • Any organization experiencing challenges with drug shortages and supply fluctuations.
  • Providers who prioritize efficient, data-driven decision-making to support patient care.

About PharmaTrace

Release Date

February 2024

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