COVID-19 is having widespread effects on the healthcare industry. From overburdening healthcare facilities to causing hospitals to run out of critical supplies, the novel coronavirus is putting a heavy strain on healthcare providers, doctors, and drug manufacturers across the world. Due to the highly volatile nature of the issue, it’s no surprise that COVID-19 is …
Drug Shortages
How Drug Shortages are Impacting Hospitals
April 9, 2020
Drug shortages are a major pain point in the pharmaceutical industry, which is having a widespread effect on the healthcare industry as a whole. While new drug shortages are largely on the decline, many active shortages aren’t going away, leading to a problem that’s only getting worse with time. At the end of 2019, the …
How a New Drug Company is Helping to Combat Drug Shortages
Ever since the peak of drug shortages occurred in 2011 at a staggering rate of 267 new cases, not having the right medications has seemed like a never-ending problem for the healthcare industry. While the FDA’s late 2019 report, Drug Shortages: Root Causes and Potential Solutions, is helping to identify the root causes of the …
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How Drug Shortages are Leading to Negative Patient Reviews
April 8, 2020
Drug shortages continue to be a growing problem for the healthcare industry. 2019 saw a total of 166 new drug shortages appear, with 264 active shortages still unsolved by Q4 of last year. Every new shortage can lead to another bout of delayed treatments, medication and dosing errors, and rising costs for drug alternatives. The …
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What’s Causing Drug Shortages?
December 2, 2019
For some time now, the root cause of drug shortages around the globe has been somewhat of a mystery. In fact, back in 2013, the reason for nearly half of all reported shortages was unknown. Fast forward to 2019 and we’ve gained some well-needed clarity. Just this past October, the FDA identified that the main …
How Big of a Problem are Drug Shortages?
Drug shortages are a rapidly increasing problem for the healthcare industry. Over 99% of health care organizations have been hurt by drug shortages in recent years, with 126 new shortages already recorded for 2019. These lead to delays in medical procedures, increased costs from expensive drug alternatives, and a higher chance for medication/dosing errors. While …