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Ellipticare is a Cardinal Health company
and an affiliate of the Medicine Shoppe International, Inc. (MSI) that was
created specifically to focus on acute care hospitals and their needs around
outpatient and retail pharmacies. Ellipticare is located in the MSI headquarters
in St Louis MO. The goal in developing Ellipticare was to create a company that
took advantage of the 30+ years of apothecary retail experience that MSI has
compiled with it™s 1,300 stores world wide and combine it with the resources and
capabilities of Cardinal Health. Ellipticare fully understands that outpatient
and retail pharmacy is normally not a core competency of most hospitals or
integrated health systems. It is with this in mind that the services of
Ellipticare were designed in a model that would be flexible and would focus on
providing solutions that included implementation.
Pharmacy
Assessments “ Existing Pharmacies
Ellipticare will use it™s team of
experts to assess the ongoing retail or outpatient pharmacy operations and
identify sales and profit opportunities that could improve patient care, enhance
services and ultimately improve profitability. Our team of experts will examine
all aspects of the business to include the benefits of serving discharge
patients and employees. The recommendations will be provided in an executive
summary and presented to hospitals administration.
Pharmacy
Assessments “ New Pharmacies
Ellipticare will assess the viability
of opening and successfully operating a retail or outpatient pharmacy at the
hospital™s facility. The analysis will include assumption for revenue and
expenses based upon the specific dynamics of the location and the population it
will serve. Ellipticare™s analysis and recommendations shall be set forth in a
5-year Pro Forma, Cash Flow Statement for the proposed pharmacy and shall be
provided in a presentation to hospital senior management.
Consulting
With Ellipticare™s broad breadth of
knowledge, many customers engage them for very specific consulting agreements
relating to outpatient and retail pharmacies. The length of these engagements
vary in length between 1 week to 2 years in duration and are tailored to be very
specific to the customer™s requirements.
Examples would include:
- Pharmacy Valuation for resale and
purchase
- Store Layout and design
- Site Selection
- Revenue Enhancement
- Margin Improvement
- Pharmacy Information System
Support
- Inventory Management
- Work Flow
Pharmacy
Management
Whether the hospital has one pharmacy or many,
Ellipticare can provide management for these pharmacies in a way that allows the
hospital to continue to own the pharmacy operation and employees. Ellipticare
through it™s affiliation with the Medicine Shoppe International has more than 30
years of experience with the apothecary pharmacy model and can improve
profitability, operation and customer service through outpatient and retail
pharmacy best practices. |
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