Baptist Health Engages Omnicell in an Effort to Enhance Pharmacy Care and Further Gain Control of Medication Supply Chain

Rhea-AI Summary

Omnicell, Inc. has been selected by Kentucky-based Baptist Health to implement its Central Pharmacy Dispensing Service. The service aims to address labor challenges, improve clinical and financial outcomes, and enhance safety and dispensing accuracy. By leveraging advanced robotics, dispensing optimization tools, and remote and onsite experts, the solution automates and optimizes pharmacy labor and workflows, reducing pharmacists' dispensing tasks by 75% on average.

Advanced Services for Central Pharmacy Dispensing Designed to Support Dispensing Accuracy and Patient Safety while Improving Clinical and Financial Outcomes

FORT WORTH, Texas--(BUSINESS WIRE)-- Omnicell, Inc. (Nasdaq: OMCL), a leader in transforming the pharmacy care delivery model, today announced that Kentucky-based Baptist Health has selected Omnicell’s Central Pharmacy Dispensing Service in an effort to address labor challenges and improve clinical and financial outcomes.

Labor shortages, disconnected care settings, and manual processes continue to impact patient care for many healthcare providers and prevent clinicians from operating at the top of their license.

Baptist Health is one of the latest health systems to adopt Omnicell’s Central Pharmacy Dispensing Service, which is expected to help enhance safety and dispensing accuracy while streamlining workflows through a combination of advanced robotics, dispensing optimization tools, and remote and onsite experts. This comprehensive solution is designed to automate and optimize pharmacy labor and workflows, leading to pharmacists spending on average 75 percent less time on dispensing tasks.¹

“We selected Omnicell’s robotics and services for our Central Pharmacy Services Center in an effort to help alleviate staffing challenges while focusing on improving quality, patient safety, and efficiency,” said Nilesh Desai, Chief Pharmacy Officer at Baptist Health. “We’re excited about the opportunity to advance further toward our vision of a fully integrated and highly automated pharmacy solution.”

We believe automating central pharmacy tasks is critical to achieving the Autonomous Pharmacy, an industry-defined vision to replace manual, error-prone activities with automated processes that are intended to be safer and more efficient.

“Baptist Health has been a leader in embracing the industry vision of a fully autonomous pharmacy,” said Alex Pratt, senior vice president and chief growth officer for Omnicell. “The addition of these Advanced Services should help them move closer to that vision while also helping to enable them to achieve their goals of optimized clinical and financial outcomes.”

Learn more about Omnicell’s Advanced Services and the transformation of pharmacy care at omnicell.com.

About Baptist Health

Founded in 1924 in Louisville, Kentucky, Baptist Health is a full-spectrum health system dedicated to improving the health of the communities it serves. The Baptist Health family consists of nine hospitals, employed and independent physicians, and more than 400 points of care, including outpatient facilities, physician practices and services, urgent care clinics, outpatient diagnostic and surgery centers, home care, fitness centers, and occupational medicine and physical therapy clinics.

Baptist Health’s eight owned hospitals include more than 2,300 licensed beds in Corbin, Elizabethtown, La Grange, Lexington, Louisville, Paducah, Richmond and New Albany, Indiana. Baptist Health also operates the 410-bed Baptist Health Deaconess Madisonville in Madisonville, Kentucky in a joint venture with Deaconess Health System based in Evansville, Indiana. Baptist Health employs more than 22,500 people in Kentucky and surrounding states.

Baptist Health is the first health system in the U.S. to have all of its hospitals recognized by the American Nursing Credentialing Center with either a Magnet^® or Pathway to Excellence^® designation for nursing excellence.

Baptist Health’s employed provider network, Baptist Health Medical Group, has more than 1,650 providers offering care in 74 specialties, including more than 780 physicians and more than 870 advanced practice clinicians. Baptist Health’s physician network also includes more than 2,000 independent physicians.

Learn more at BaptistHealth.com.

About Omnicell

Since 1992, Omnicell has been committed to transforming the pharmacy care delivery model in an effort to optimize financial and clinical outcomes across all settings of care. Through a comprehensive portfolio of automation and advanced services, Omnicell is uniquely positioned to address evolving healthcare challenges, connect settings of care, and streamline the medication management process. Healthcare facilities worldwide partner with Omnicell to help increase operational efficiency, reduce medication errors, improve patient safety, and enhance patient engagement and adherence, helping to reduce costly hospital readmissions. To learn more, visit omnicell.com.

OMNICELL and the Omnicell logo are registered trademarks of Omnicell, Inc. or one of its subsidiaries.

¹ https://www.omnicell.com/customer-stories/sentara-rmh

Forward-Looking Statements

To the extent any statements contained in this press release deal with information that is not historical, these statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Without limiting the foregoing, statements including the words “expect,” “intend,” “may,” “will,” “should,” “would,” “could,” “plan,” “potential,” “anticipate,” “believe,” “estimate,” “seek,” “predict,” “project,” and variations of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to the occurrence of many events outside Omnicell’s control. Such statements include, but are not limited to the objectives and expected benefits of Omnicell’s products and services, including expectations regarding Omnicell’s Central Pharmacy Dispensing Service (and any implied financial impact with the foregoing). Actual results and other events may differ significantly from those contemplated by forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties. These risks and uncertainties include, among other things, (i) Omnicell’s ability to take advantage of growth opportunities and develop and commercialize new solutions and enhance existing solutions, (ii) continued and increased competition from current and future competitors in the medication management automation solutions market and the medication adherence solutions market, (iii) unfavorable general economic and market conditions, including the impact and duration of inflationary pressures, (iv) reduction in demand in the capital equipment market or reduction in the demand for or adoption of our solutions, systems, or services, (v) delays in installations of our medication management solutions or our more complex medication packaging systems, (vi) risks related to Omnicell’s investments in new business strategies or initiatives, including its transition to selling more products and services on a subscription basis, (vii) risks related to failing to maintain expected service levels when providing our Advanced Services or retaining our Advanced Services customers, (viii) Omnicell’s ability to meet the demands of, or maintain relationships with, its institutional, retail, and specialty pharmacy customers, (ix) Omnicell’s ability to recruit and retain skilled and motivated personnel, and (x) other risks and uncertainties further described in the “Risk Factors” section of Omnicell’s most recent Annual Report on Form 10-K, as well as in Omnicell’s other reports filed with or furnished to the United States Securities and Exchange Commission (“SEC”), available at www.sec.gov. Forward-looking statements should be considered in light of these risks and uncertainties. Investors and others are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements contained in this press release speak only as of the date of this press release. Omnicell assumes no obligation to update any such statements publicly, or to update the reasons actual results could differ materially from those expressed or implied in any forward-looking statements, whether as a result of changed circumstances, new information, future events, or otherwise, except as required by law.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20231102892931/en/

Betsy Martinelli

Director, Corporate Marketing

betsy.martinelli@omnicell.com

(412) 334-3256

Source: Omnicell, Inc.

FAQ

What service has Baptist Health selected from Omnicell, Inc.?

Baptist Health has selected Omnicell's Central Pharmacy Dispensing Service.

What are the expected benefits of the Central Pharmacy Dispensing Service?

The service aims to address labor challenges, improve clinical and financial outcomes, enhance safety and dispensing accuracy, and streamline workflows.

How does the Central Pharmacy Dispensing Service achieve its goals?

The service leverages advanced robotics, dispensing optimization tools, and remote and onsite experts to automate and optimize pharmacy labor and workflows.

What is the expected reduction in pharmacists' time spent on dispensing tasks?

On average, pharmacists are expected to spend 75% less time on dispensing tasks.