Company Research Report: PharMerica Corporation

Company Overview

• Name: PharMerica Corporation

• Mission: To help people live their best lives through comprehensive pharmacy services that provide value beyond medication.

• Foundation: No information is available.

• Founder: No information is available.

• Key People: Jennifer Yowler, President; T.J. Griffin, Chief Pharmacy Officer.

• Headquarters: 805 N. Whittington Pkwy, Louisville, Kentucky 40222.

• Number of Employees: Approximately 70,000 professionals.

• Revenue: No information is available.

• Industry Leadership: PharMerica is a national leader in providing pharmacy services across a broad array of healthcare markets. The company is known for its extensive experience in long-term care, serving over 6,000 facilities across the United States.

Products and Services

PharMerica offers a wide range of pharmacy services tailored to different segments of the healthcare market:

1. Long-Term & Post-Acute Care

• Expertise in pharmacy services and medication management for thousands of long-term care facilities.

2. Senior & Independent Living

• Comprehensive medication management programs tailored to community needs.

3. Behavioral Health

• Specialized pharmacy services for individuals with intellectual, developmental disabilities, or behavioral health needs.

4. Hospitals

• Ensures seamless transitions in medication management for hospitals and community care settings.

5. Home Infusion

• Complex pharmaceutical products and clinical services for patients outside of hospital settings.

6. Specialty Pharmacy

• Services meet the unique needs of patients with cancer and other specialty medication requirements.

7. Hospice

• Individualized plans based on a comprehensive understanding of patient and family needs.

8. Transitional Care

• Supports residents as they transition home from a care setting with pharmacy and home health care services.

Key Features

• Medication Availability: PharMerica leads the industry with optimal medication availability to ensure adherence and effective outcomes from admission to discharge.

• Cost Reduction & Containment: The company focuses on identifying savings and lowering drug expenditures from the first fill.

• Compliance & Education: PharMerica partners with care teams to enhance staff competency and compliance in today's regulatory environment.

Recent Developments

New Products and Partnerships

• Ōmcare Partnership (May 2024): PharMerica has collaborated with Ōmcare to tackle medication non-adherence by delivering a last-mile solution.

• PharMerica & eHealth Partnership: Partnered to assist clients in finding suitable Medicare plans during the Open Enrollment Period.

Community and Educational Initiatives

• Scholarship Sponsorship: PharMerica sponsored the Stephanie Carroll Memorial Scholarship for nursing directors in long-term care.

• Prescription Donation (April 2024): Donated 719,287 prescriptions to underserved patients in 2023.

• Collaboration with AME (November 2023): Partnered with the Association for Medication Education to expand educational opportunities in long-term care.

Innovations and Studies

• Continue Care Rx Program (November 2023): A study highlighted the effectiveness of this program in the Journal of the American Medical Directors Association.

• Industry Leadership: PharMerica's on-time delivery rate is 98.59%, with an order completion rate of 99.77%.

PharMerica continues to enhance its service offerings while supporting healthcare facilities and individuals across various care settings. With a commitment to improving health outcomes and managing costs, they maintain their position as a leader in the pharmacy service industry.