Omnicell Inc.

Company Overview

Omnicell Inc. (Omnicell) is a provider of medication management solutions and adherence tools for health systems and pharmacies. The company is focused on delivering solutions through a mature channel in three major market categories:

• Point-of-care: This includes automation solutions designed to improve clinician workflows in patient care areas of the healthcare system, such as nursing units, patient wards, operating rooms and emergency departments.
• Central pharmacy and IV dispensing: This offers a comprehensive service that is meant to help optimize medication dispensing, which combines advanced central pharmacy robotics, dispensing optimization tools, and remote and onsite experts to operate Omnicell’s equipment. IV Compounding Service offers a comprehensive service intended to help optimize IV robotic compounding operations, which combines advanced IV robotics, clinical data regarding extended dating and remote and onsite experts to operate Omnicell’s IV robotic equipment.
• Specialty pharmacy and 340B program: This includes a comprehensive set of technology, services and expertise to provide a fully managed in-house specialty pharmacy delivered through a value-based commercial model.

Omnicell provides solutions that simplify the process of acquiring, managing, dispensing, and delivering medications and medical supplies. It offers various products and technologies that help hospitals and pharmacies to improve efficiency, compliance and safety in medication management.

Financial Highlights (FY 2024)

Company's Business Segments

• Connected devices, software licenses, and other : Software-enabled connected devices and software licenses that manage and regulate the storage and dispensing of pharmaceuticals, consumables blister cards, and packaging equipment and other supplies. Solutions in this category include, but are not limited to, XT Series automated dispensing systems and products related to the Central Pharmacy Dispensing Service and IV Compounding Service.
• Consumables : Medication adherence packaging, labeling, and other one-time use packaging including multimed adherence packaging and single dose blister cards.
• Technical services : Post-installation technical support and other related services, including phone support, on-site service, parts, and access to unspecified software updates and enhancements, if and when available.
• Advanced Services : Emerging software and service solutions are offered on a subscription basis, with fees typically based either on transaction volume or a fee over a specified period of time. Solutions in this category include, but are not limited to, EnlivenHealth, Specialty Pharmacy Services, 340B solutions, Inventory Optimization Services, other software solutions, and services related to the central pharmacy dispensing service and IV Compounding Service.