By J Rowe
Drug shortages have grave effects on patients, who commonly see increased out-of-pocket costs, drug error rates, adverse events, and even mortality. Additionally, these effects disproportionately affect patients based on their socioeconomic standing.
This is why it’s more important now than ever to find novel solutions that emphasize scalability and sustainability. A critical shift in technology is needed to get the pharmaceutical industry ready for this new era.
The demand for pharma products is growing and beyond patients, medical institutions and retailers are encountering difficulty accessing drug products, impeding adequate treatment. How can the industry keep up? In this article, we’ll explore three ways digitization can help pharmaceutical companies bridge the widening gap between supply and demand.