Omnicare, Inc., a healthcare services company, specializes in the management of complex pharmaceutical care. Segments The company operates two primary businesses through two segments, Long-Term Care Group (LTC) and Specialty Care Group (SCG). Long-Term Care Group Through LTC, the company operates an institutional pharmacy business in the United States. The LTC segment’s customers consist of skilled nursing facilities (SNFs), assisted living facilities (ALFs), independent living communities, hospitals, correctional facilities, and other healthcare service providers. As of December 31, 2014, the LTC segment provided pharmacy services in the United States in 47 states and the District of Columbia. With respect to its clinical services, the company provides pharmacy consulting, including monthly patient drug therapy evaluations, assist in compliance with state and federal regulations, and provide proprietary clinical and health management programs (utilizing outcomes-based algorithm technology). The LTC segment also provides a suite of technology solutions based largely on its Omniview Web-based platform that is intended to improve the efficiency of its customers’ operations through such tools as the electronic ordering of prescription refills, proof-of-delivery tracking, and real-time validation of Medicare Part D coverage, among others. The LTC segment also provides other products and services, including intravenous medications and nutrition products (infusion therapy products and services), respiratory therapy services, and clinical care planning. The company also provides pharmaceutical case management services for retirees, employees and dependents who have drug benefits under corporate-sponsored healthcare programs. The company offers client facilities and their attending physicians a guide to pharmaceutical treatment of the elderly called the Omnicare Geriatric Pharmaceutical Care Guidelines (Omnicare Guidelines). The Omnicare Guidelines is also integrated into its primary customer-facing technology platform, Omniview. Omniview: As the primary component of its customer-facing technology suite, Omniview provides its long-term care facility customers with a technological platform to improve efficiencies within their operations. The company’s range of advanced technologies allows Web-based access to electronic medical records, automated pharmacy billing, online medication refills and returns processing, census tracking, pre-admission medication assessment and access to the Omnicare Guidelines. The company’s MyOmniview Web-portal is designed to address patients’ and family member needs by allowing access to the patients’ health records, billing information and pharmaceutical information. The company also offers OmniviewDr as the physician-facing part of Omniview’s technology portal, providing prescribers the ability to view patient health records, approve prescription refill requests, and reference a comprehensive document library, among other time-saving and patient care-enhancing features. Specialty Care Group The SCG segment operates across a spectrum of the healthcare continuum, serving the needs of biopharmaceutical manufacturers, physicians, nurses, caregivers and patients. The SCG services are primarily focused on the specialty pharmaceutical market and incorporate four platforms: brand support services, supply chain solutions, patient support services and specialty pharmacy. The company’s brand support services, supply chain solutions and patient support services are integrated, fee-for-service platforms that focus on helping the drug manufacturer to market, distribute and obtain reimbursement for their products. In its specialty pharmacy platform, the company dispenses specialized pharmaceuticals. These specialized drugs deal primarily with specific categories of drugs and disease states, such as rheumatoid arthritis, multiple sclerosis, oncology and growth hormones. Customers As of December 31, 2014, the LTC segment primarily served long-term care institutions and other chronic care settings in 47 states in the U.S. and the District of Columbia. The SCG segment operates throughout the U.S. and serves a range of clients, including multi-national biopharmaceutical companies. Competition The company’s major competitor is PharMerica Corporation. History Omnicare, Inc. was founded in 1981.
omnicare inc (OCR:New York)
900 Omnicare Center
201 East Fourth Street
Cincinnati, OH 45202
|Brookdale Senior Living Inc||$32.54 USD||+0.16|
|Cintas Corp||$84.82 USD||+1.05|
|MEDNAX Inc||$79.87 USD||+0.51|
|Patterson Cos Inc||$48.67 USD||+0.46|
|Waters Corp||$130.58 USD||+0.71|
|View Industry Companies|
Sponsored Financial Commentaries
To contact OMNICARE INC, please visit www.omnicare.com. Company data is provided by Capital IQ. Please use this form to report any data issues.