Omnicell

From Wikipedia, the free encyclopedia

Omnicell, Inc.
Type Public (NASDAQ: OMCL)
Founded 1992
Headquarters Mountain View, CA, USA
Key people Randall A. Lipps, Chairman, President and CEO; Robin G. Seim, Chief Financial Officer and Vice President; J. Christopher Drew, Senior Vice President – Operations; Dan S. Johnston, Vice President, General Counsel, Secretary;Renee M. Luhr, Vice President – Sales;John G. Choma, Vice President - Organizational Development, Learning and Performance
Industry Medication Automation
Products hospital / laboratory / physician office products; logistics; clinical services
Revenue ▲$154.7 million USD (2006)
Operating income ▲$9.2 million USD (2006)
Employees 632(US, Aug 2007)
Website omnicell.com

Omnicell, Inc. (NASDAQ: OMCL) is a California-based technology company that manufactures and sells automation products and services for hospital pharmacies, nursing units, specialty clinics, and operating rooms. The company's stated goal is to help hospitals improve patient safety and reduce costs, by managing medications and supplies within a single system.

Contents

[edit] Overview

Omnicell was founded in 1992 by industrial engineer Randall A. Lipps. Lipps began researching hospital management after observing massive waste and inefficiency at a large university hospital during a family member's treatment there. Noting hospitals' lack of adequate systems and processes for dealing with typically large inventories of medications and supplies, Lipps built a prototype of a computerized supply cabinet in his garage, and eventually expanded his idea into a multi-million dollar business.

Omnicell headquarters are in Mountain View, California, with offices in Illinois, Tennessee, Texas, and India. The company sells its products and services to hospitals and specialty health care facilities in the United States and Canada, Europe, the Middle East, Asia, and Australia. Its competitors include AmerisourceBergen Corporation, Cardinal Health, Cerner Corporation, McKesson Corporation, Eclipsys Corporation, IDX Systems Corporation, and Siemens Medical Solutions.

[edit] Timeline

  • 11/1992: Company founded
  • 04/1993: First supply system installed at Sequoia Hospital
  • 12/1995: Pharmacy system combined with supplies
  • 08/2001: Initial public offering at $7/share
  • 11/2002: State of California issues guidelines for medication error reduction plans
  • 02/2004: FDA issues bar code regulation

[edit] Products and services

Solutions for the Medication-Use Process:

  • OmniRx – a dispensing system that automates the management and dispensing of medications at the point of use
  • OmniLinkRx – a physician order software product that automates communication of medication orders between patient care areas and the pharmacy
  • PharmacyCentral – an automated pharmacy inventory management storage and retrieval system
  • SafetyPak – an automated barcode medication packaging system
  • SecureVault – a controlled substance barcode inventory management system
  • SafetyMed – a mobile nursing workflow automation and bedside barcode medication administration system
  • Anesthesia Workstation – a mobile system for the management of anesthesia supplies and medications

Solutions for Supply Chain Management:

  • OmniSupplier – a cabinet-based automated system for dispensing supplies at the point of use
  • OptiFlex – a system for the management of medical-surgical supplies that supports both open and closed systems
  • OmniBuyer – a Web-based subscription service that provides workflow automation of purchase requisitions

[edit] References

[edit] External links