PharMerica Corporation operates as an institutional pharmacy services company that services healthcare facilities, provides pharmacy management services to hospitals, provides specialty infusion services to patients outside a hospital setting, and offers the national oncology pharmacy in the United States. The company operates 94 institutional pharmacies, 17 specialty infusion centers and 5 specialty oncology pharmacies in 45 states. The company’s customers are typically institutional healthcare providers, such as skilled nursing facilities, assisted living facilities, hospitals, individuals receiving in-home care and patients with cancer. Institutional Pharmacy Business The company’s core business provides pharmacy products and services to residents and patients in skilled nursing facilities, nursing centers, assisted living facilities, hospitals, and other long-term alternative care settings. The company purchases, repackages, and dispenses prescription and non-prescription pharmaceuticals in accordance with physician orders, and delivers such medication to healthcare facilities for administration to individual patients and residents. Depending on the specific location, the company services healthcare facilities typically within a radius of 120 miles or less of its pharmacy locations at least once each day. The company provides 24-hour, 7-day per week on-call pharmacist services for emergency dispensing, delivery, and/or consultation with the facility's staff or the resident's attending physician. The company also provides various supplemental healthcare services that complement its institutional pharmacy services. The company offers prescription and non-prescription pharmaceuticals to its customers through unit dose or modified unit dose packaging, dispensing, and delivery systems, typically in a 14 to 30 day supply. Unit dose medications are packaged for dispensing in individual doses as compared to bulk packaging used by most retail pharmacies. The company also offers clinical pharmacy programs that include a range of drug therapy and disease management protocols, including protocols for anemia treatment, infectious diseases, wound care, nutritional support, renal dosing, and therapeutic substitution. The company’s computerized dispensing and delivery systems are designed to improve efficiency and control over distribution of medications to patients and residents. The company provides computerized physician orders and medication administration records for patients or residents on a monthly basis as requested. Hospital Pharmacy Management Services The company also provides hospital pharmacy management services. These services generally entail the overall management of the hospital pharmacy operations, including the ordering, receipt, storage, and dispensing of pharmaceuticals to the hospital's patients pursuant to the clinical guidelines established by the hospital. The company offers the hospitals a range of regulatory and financial management services, including inventory control, budgetary analysis, staffing optimization, and assistance with obtaining and maintaining applicable regulatory licenses, certifications, and accreditations. The company works with the hospitals to develop and implement pharmacy policies and procedures, including drug formulary development and utilization management. The company also offers clinical pharmacy programs that include a range of drug therapy and disease management protocols, including protocols for anemia treatment, infectious diseases, wound care, nutritional support, renal dosing, and therapeutic substitution. The hospital pharmacy management services business includes a few customers, of which, the company's major service is to the majority of the Kindred Healthcare Inc. hospitals. Consultant Pharmacist Services The company provides consultant pharmacist services to approximately 67% of its patients serviced. The services offered by its consultant pharmacists comprise monthly reviews of each resident's drug regimen to assess the appropriateness and efficiency of drug therapies, including the review of medical records, monitoring drug interacti
(PMC:New York Consolidated)
1901 Campus Place
Louisville, KY 40299
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