OrbitalRX is a healthcare technology company that provides a comprehensive platform for managing drug shortages in hospital pharmacies. Founded by pharmacists with extensive experience in hospital pharmacy management, the company aims to address the critical issue of medication shortages that frequently impact hospitals and patient care. OrbitalRX's platform unifies data from multiple sources to provide real-time situational awareness and predictive analysis for proactive drug shortage management.
The company's software solution automates the process of gathering and analyzing drug shortage data, eliminating the need for manual spreadsheet management. It offers features such as automated inventory updates, custom labeling for organizing shortages, and a centralized procurement center. The platform calculates inventory runway automatically based on defined usage rates and allows users to add new shortage listings directly from connected catalogs. OrbitalRX's solution is designed to reduce workload for pharmacy staff by up to 50% while providing enterprise-wide visibility of drug shortage data across health systems.
Key customers and partnerships
OrbitalRX's platform has been adopted by various hospitals and health systems across the US. Customers have reported significant time savings, with one supply chain manager stating that the solution saves 8-10 hours of work per week for their buyers. The company has received positive feedback from pharmacy professionals, including pharmacy buyers, directors of inpatient pharmacy operations, and chief pharmacy officers.
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