Profile: Omnicell Inc (OMCL.OQ)

OMCL.OQ on NASDAQ Stock Exchange Global Select Market

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1 Aug 2013
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Omnicell, Inc. (Omnicell), incorporated in 1992, is a provider of automated solutions for hospital medication and supply management. The Company’s automation and analytics solutions are designed to enable healthcare facilities to acquire, manage, dispense and administer medications and medical-surgical supplies. Its systems provide medication control and dispensing solution starting from the point of entry into the hospital and other health care providers, through the central pharmacy, to the nursing station and to the patient's bedside. In May 2012, the Company acquired MTS Medication Technologies, Inc.

Medication Use Products

Omincell’s medication-use product line includes its OmniRx, SinglePointe, AnywhereRN, Anesthesia Workstation, WorkflowRx, Controlled Substance Management, OmniLinkRx, Savvy Mobile Medication System, and Pandora Data Analytics products. The OmniRx solution is a secure dispensing system that automates the management and dispensing of medications at the point of use, featuring biometric fingerprint identification, single-dose dispensing, barcode confirmation, integrated medication label printing and a range of drawer modules enabling the establishment of a range of security levels. The SinglePointe solution is a software extension to the OmniRx solution that that controls medications on a patient-specific basis, allowing automated control of up to 100% of the medications used in a hospital. The AnywhereRN solution is a software solution that allows nurses to operate the automated dispensing cabinets from virtually any remote workstation within the hospital.

The Pandora solution is comprised of reports and analytical software for medication diversion detection, customizable user options, hospital inventory management controls and point-of-care data analytics among other features designed to assist hospitals in their efforts to improve patient safety and regulatory compliance. The Savvy Mobile Cart solution provides a mobile workstation for nurses, equipped with locking drawers for secure transportation of medications and patient supply items. This is a mobile medication control solution that allows both tracking and physical control of medications extended to the patient bedside.

The OmniLinkRx solution is a physician order software product that automates communication between nurses and the pharmacy. The WorkflowRx solution is an automated storage, retrieval, inventory management and repackaging solution for the central pharmacy. The Controlled Substance Management solution provides perpetual inventory management and an automated audit trail. The Anesthesia Workstation solution is a system for the management of anesthesia supplies and medications. The Anesthesia TT solution is a fixed-position tabletop unit designed as a medication-only system.

Medical and Surgical Supply Products

Omnicell’s medical and surgical supply products provide acute care hospitals control over consumable supplies critical to providing healthcare. These solutions provide inventory control software, which is designed to ensure that critical supplies are always stocked in the right locations. Omnicell’s supply product line includes the Omnicell Supply Cabinet, Supply/Rx Combination Cabinet, Omnicell Tissue Center, OptiFlex SS, OptiFlex CL and OptiFlex MS. The Omnicell Supply Solution is a dispensing system, which dispenses and tracks medical and surgical supplies at the point of use. Supply/Rx Combination Solution is designed to manage medications and supplies in one versatile cabinet or group of cabinets.

Omnicell Tissue Center allows the operating room staff to manage the chain of custody for bone and tissue specimens from the donor to the patient in the operating room. OptiFlex SS manages supplies and preference cards in the perioperative areas whether the supplies are stored on open shelves or in automated dispensing cabinets. The preference-list system creates a bar code for each surgical case, based on physician, procedure and patient, and provides information on the case for data analysis, reporting and charge capture. The Suture Module is designed to be integrated into the Omnicell Supply Solution to dispense and track suture usage.

OptiFlex CL manages supplies and creates cases in the cardiac catheterization lab, interventional radiology and other procedure areas. The Catheter Module is designed to be integrated into the Omnicell supply cabinet and allows hospitals to dispense and electronically track accurate catheter usage. OptiFlex MS solution provides control over general medical and surgical supplies stored in open shelves or in automated dispensing cabinets.

Other Products and Services

The Company provides services that include customer education and training and maintenance and support services, all provided on a time-and-material basis. It also provides fixed period service contracts to the customers for post-installation technical support with phone support, on-site service, parts and access to software upgrades. On-site service is provided by its field service team. The Company’s interface software provides interface and integration between its medication-use products or its supply products and a healthcare facility's in-house information management systems. Interface software is designed to provide integration and communication of patient data, logistical data, inventory information, charge capture and billing information and other healthcare database information.

The Company competes with CareFusion Corporation, McKesson Automation Inc., AmerisourceBergen Corporation, Cerner Corporation, Talyst, Inc., Emerson Electronic Co., PhACTs LLC, Swisslog Holding AG, Stinger Medical, Stanley Black and Decker, Inc., Ergotron, Inc., Capso Solutions LLC, Rubbermaid Medical Solutions, WaveMark Inc., ParExcellence Systems, Inc., Vanas n.v., Lawson Software, Inc. and MACH4 Automatisierungstechnik GmbH.

Company Address

Omnicell Inc

590 E. Middlefield Road
MOUNTAIN VIEW   CA   94043-1337
P: +1650.2516100
F: +1650.2516266

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