Nobel Prize winning RAMAN SPECTROSCOPY
ASSURING Quality. transforming safety.
Non-Destructive
Identification & Concentration
In Any Container
Instantly
Nobel Prize winning RAMAN SPECTROSCOPY
Non-Destructive
Identification & Concentration
In Any Container
Instantly
The modern Healthcare system is dependent on the fundamental assumption that the correct medication is being administered. Did you know that hundreds of thousands of medication errors occur each year and the leading cause of medical errors is the INCORRECT medication being administered, which is 100% preventable?
Exclusive technology, previously only available to the pharmaceutical industry is now available to local pharmacies at a fraction of the price, with the help of OAK Analytics' proprietary AI and machine learning as well as our partners in the not-for profit space who have teamed up to make incorrect medications a thing of the past.
From its early beginnings and close collaborations with the FDA in the food industry, OAK Analytics has taken its proven track record of safety and cost savings to the healthcare space. In the US over $40 Billion is spent annually on medication errors. Implementation of RamanRX workflow solutions can decrease the cost of a prescription by up to 15%, making investing in safety not just the right thing to do but beneficial to the bottom line.
Instantly confirming API identity and potency adds a pharmaceutical grade quality standard without the added third party laboratory delay or expense; assuring quality while saving countless resources by identifying deteriorated or sub potent product prior to compounding large batches. Great tool for annual quality checks to ensure shelved API maintains potency prior to compounding.
Adding RamanRx to release testing of stock solutions ensures a quick scan of a completed stock solution provides consistent doses to all subsequent draws. Essentially validating the compounding practices up to that point. and provides quantifiable data to reinforce the compounding record.
For many narrow therapeutic, expensive, or high risk medications, an inline pre-compounding validation step is used. RamanRx allows a documentation beyond just an initial or signature, that the medications drawn up in the syringes are in fact what they are supposed to be.
While much more expensive alternatives offer gravimetric, volumetric, photo, or bar coded In-Process Checks to allow a pharmacist to verify the correct drug is being compounded, RamanRx bypasses the error prone surrogate markers and dispositively confirms what is actually desired; the medication identification and concentration.
The final verification, whether at the pharmacy counter or at the bed-side, it is the last chance to ensure the first and most important patient right: The Right Medication. While pharmacists and nurses are required to visualize what they receive, a mislabeled medication is undetectable to the human eye. RamanRx works at the molecular level to ensure that what is in the container matches what is on the label.
The opiate epidemic has created a strict regulatory structure for wasting unused medications. From returned medications to anesthesia waste the ability to identify adulterated compounds currently dose not exists in most healthcare settings. Countless stories of operating room personal or compounding staff substituting wasted narcotics with other substances such as saline without detection create a safety and legal liability. the ability to audit and quantify waste creates a deterrent and mechanism for detection of diversion.
Implementation of RamanRx at one hospital saved almost 15% per oncologic prescription in decreased labor costs by allowing the pharmacist to remotely verify the medication both in process and post compounding without garbing and entering the USP 800 space. The time savings also translated to more throughput in patients able to be treated per shift. Additionally, the identification of incorrect SALAD Medications (Sound Alike Look Alike Drugs) in this specialty yielded untold savings in ADR, patient suffering, and extraneous healthcare costs.
Whether a physician or a patient notices an ADR or believes their medication to be incorrect, having a provable paper trail has yielded benefits for many of our clients in liability and risk mitigation.
NO MORE WAITING ON ANALYTICAL LABS OR RELYING ON THE PULL BACK METHOD
While the FDA and USP have cleared Raman Spectroscopy for drug identification, it has remained cost prohibitive and thus has only been used in big pharma and analytical laboratory applications.
Our multiple patents and proprietary algorithms have reduced the cost of Raman spectroscopy to ONE/TENTH of the cost of the industrial competitor
While the FDA and USP have cleared Raman Spectroscopy for drug identification, it has remained cost prohibitive and thus has only been used in big pharma and analytical laboratory applications.
Our multiple patents and proprietary algorithms have reduced the cost of Raman spectroscopy to ONE/TENTH of the cost of the industrial competitors, allowing use in retail, compounding, and hospital pharmacies. Our machine learning and Artificial Intelligence based software combined with our industry leading compounding experts provides a robust framework for continued innovation.
Authentication and Quantification of API recorded per FDA 21SFR11 guidelines and integrated with your EHR System, network storage, or paper printout to be compliant with any workflow.
Our team of experts is comprised of industry leading pharmacists with extensive backgrounds in procuring, compounding, and dispensing compounded medications. Our Medical Advisory Board consists of specialists in the fields of Oncology, Neonatology, Critical Care, and Cardiology. Having an A to Z understanding of workflow, efficiencies, an
Our team of experts is comprised of industry leading pharmacists with extensive backgrounds in procuring, compounding, and dispensing compounded medications. Our Medical Advisory Board consists of specialists in the fields of Oncology, Neonatology, Critical Care, and Cardiology. Having an A to Z understanding of workflow, efficiencies, and stake holder priorities allows seamless integration and malleable workflows for all patients and providers
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