TraceLink Wins Prestigious Merit Award for Pioneering AI-Driven Solution to Predict Drug Shortages 90 Days in Advance
Boston, Massachusetts (November 16, 2023) - TraceLink Inc., the leading digital network platform company enabling end-to-end product orchestration by connecting more than 291,000 healthcare and life sciences entities through its B2N Integrate-OnceTM network, is proud to announce that its innovative Product Availability Intelligence (PAI) solution has been recognized with a Bronze award by the prestigious Merit Awards for Healthcare Innovation. Product Availability Intelligence leverages the collective intelligence of the TraceLink network to flag drug shortages up to 90 days in advance so they can be successfully mitigated.
The Merit Awards for Healthcare celebrate advancements in healthcare, honoring organizations that have demonstrated exceptional use of technology to meet a wide range of healthcare needs—in this case, addressing the critical challenge of escalating drug shortages in the United States.
TraceLink customers are excited to partner on innovations that improve patient care. Read more >
TraceLink’s network platform, with Integrate Once, Interoperate with Everyone™ capability, revolutionizes compliance and operational efficiency for dispensing customers. By seamlessly connecting with an expansive digital network of supply chain partners, TraceLink ensures robust compliance with the Drug Supply Chain Security Act (DSCSA), swiftly manages compliance exceptions, and enables streamlined digital recalls. Furthermore, its advanced analytics capabilities facilitate the prediction of drug shortages, enhancing supply chain resilience. This integration offers pharmacies, hospitals, and other dispensers a comprehensive solution that not only meets regulatory demands but also optimizes inventory management and maintains the integrity of the drug supply, ensuring patient safety and continuity of care.
