The Innovation Business Group has developed a specialized informational and product development/innovation-themed website dedicated to Hospital Pharmacies nationwide. This platform explores how hospital pharmacies differ from retail drug stores and traditional pharmacies by focusing on inpatient care, specialized medications, and clinical support for healthcare providers. Unlike retail pharmacies, hospital pharmacies work directly with doctors, nurses, and medical teams to ensure patients receive the correct medications, dosages, and treatments in real time. They serve hospitalized patients, emergency cases, outpatient treatment centers, and critical care units. The website also highlights key suppliers, including pharmaceutical manufacturers, specialty drug providers, and compounding services, ensuring hospitals have access to life-saving medications, sterile injectables, and controlled substances. Additionally, the platform covers the latest innovations in hospital pharmacy, such as automated medication dispensing systems, AI-driven drug interaction analysis, tele-pharmacy solutions, and personalized medicine advancements. By providing insights into the evolving role of hospital pharmacies, this website serves as a resource for healthcare professionals, administrators, and policymakers looking to enhance pharmaceutical care in medical settings.
Founded in 1992, Omnicell is a healthcare technology company that manufactures automated systems for medication management in hospitals and other healthcare settings. Their products include automated dispensing cabinets and pharmacy robotics, aiming to enhance medication safety and efficiency.
www.omnicell.com
Established in 1944, QS/1 develops management software for pharmacies, including those within hospital settings. Their systems assist in prescription processing, inventory management, and regulatory compliance, supporting both inpatient and outpatient pharmacy operations.
www.qs1.com
A subsidiary of UnitedHealth Group, OptumRx is a pharmacy care services company that provides pharmacy benefit management and direct pharmacy care services. While primarily focused on pharmacy benefit management, OptumRx also engages in medication management services that can impact hospital pharmacy operations.
www.optumrx.com
Based in Munich, Noventi Health offers software, hardware, financial services, and digital platforms for healthcare providers, including pharmacies. Their services support prescription billing, logistics, and software solutions tailored to healthcare providers, including hospital pharmacies.
www.noventi.de
This platform operates gift shops in multiple hospitals, including Beaumont Hospital-Dearborn, CAMC Memorial, and Hackensack University Medical Center, most Kaiser Permanente Hospitals (Calofornia locations) among others.
www.civicarx.org
Cardinal Health is a multinational healthcare services company headquartered in Dublin, Ohio. Initially a food wholesaler, the company transitioned to pharmaceutical distribution after acquiring Bailey Drug Company in 1979. Today, Cardinal Health provides pharmaceuticals and medical products to over 75% of hospitals in the United States.
www.cardinalhealth.com
Established in 2001 through the merger of AmeriSource Health Corporation and Bergen Brunswig Corporation, Cencora is a leading pharmaceutical sourcing and distribution services company. As of August 30, 2023, the company rebranded to Cencora.
www.Cencora.com
McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. It is based in Irving, Texas, and is one of the oldest and largest healthcare companies in the country. McKesson offers a wide range of services, including pharmaceutical distribution and healthcare management software.
www.McKesson.com
Founded in 1884, Dik Drug Company is a regional pharmaceutical wholesaler based in Spartanburg, South Carolina. It serves independent pharmacies, long-term care facilities, and healthcare providers across several states. Dick Drug Company provides pharmaceutical distribution, over-the-counter products, and various healthcare supplies.
www.DikDrug.com
Founded in 1931, Baxter International Inc. is an American multinational healthcare company headquartered in Deerfield, Illinois. The company focuses on products to treat hemophilia, kidney disease, immune disorders, and other chronic and acute medical conditions.
www.Baxter.com
Hospital Pharmacies present a unique and growing opportunity for suppliers to introduce new products across various categories, including over-the-counter (OTC) medications, healthcare essentials, grab-and-go food, wellness products, and specialty medical supplies. As healthcare facilities continue to expand their retail offerings to meet patient, visitor, and staff needs, hospital pharmacies have become key retail hubs for convenience-driven and health-focused products.
OTC medications such as pain relievers, cold remedies, and digestive aids are always in demand, while first aid supplies, wound care, and personal health monitors cater to recovering patients and caregivers. Additionally, the rise of hospital-based convenience retailing has opened doors for grab-and-go snacks, nutritional drinks, and meal replacement options that cater to busy hospital staff and visitors. Emerging trends in self-care and wellness, such as CBD products, sleep aids, and immunity boosters, are also gaining traction in hospital retail settings. Suppliers who can offer innovative, high-margin, and patient-friendly products have significant opportunities to establish strong partnerships with leading hospital pharmacy distributors like Cardinal Health, McKesson, and Cencora while tapping into a stable and growing retail market within healthcare environments.
The Innovation Business Group was created to help start-up and emerging consumer brands understand the diversity of retail, food service, hospitality, medical and institutional channels that are out there to do business with.
* IBG is helping start-up and emerging brands with their sales and marketing efforts in relation to medical, wellness and nutrition formats.
The Innovation Business Group (IBG) is an extension of the Contract Manufacturing Alliance (www.ContractMFG.org) which helps consumer brands (of all-sizes) with their contract manufacturing search and relationship needs. Our roster of contract manufacturers, co-packers and packagers is over 43,000.
The Contract Manufacturing Alliance (Contract Manufacturers, Pilot Plants, Private Labelers, Commercial Kitchens, Food Innovation Centers and More) Was Created to Be the Key Resource For Anything to Do With Manufacturing Consumer Products (For Start-up and Emerging Brands).
Established in 1992, the Contract Packaging Association (CPA) is the national, non-profit trade organization dedicated to promoting the growth and welfare of firms in the Contract Packaging / Manufacturing industry and related businesses. We offer exposure and programs designed to foster growth within our member firms.
The Co-Packing Network is a comprehensive national Consumer Packaged Goods (CPG) advisory group deeply rooted in the diverse US and Canadian consumer product manufacturing industries. Celebrating our 100-year anniversary, our expansive history spans supermarkets, wholesaling, manufacturing, owning brands, and beyond.
The CPA's Request for Quote (RFQ) tool allows an automated submission to CPA Members to securely submit their project details and needs. Your Request for Quote will be dispatched to CPA Members whose capabilities match your project needs, and if they can assist you, will contact you directly about their services and capabilities.
The team manages the request all-the-way through to end up with successful results. We also can become a project manager to manage the whole process (search, secure and work with one or more contract manufacturers).
The Contract Manufacturing Alliance’s founders have created an incubation program specific to the clients of commercial kitchens nationwide (also kitchen incubators, food innovation centers and others).
Our family has been involved within the consumer product industry (US based manufacturing, retailing, distribution) since the early 1920’s. From the first generation to the latest, our best practices have been handed down over time leading to a long legacy of successes in the business (manufacturing, retailing, distribution and more).
