ConsortiEX
ConsortiEX is a Milwaukee-based, privately held SaaS company founded in 2013 that provides cloud-hosted pharmacy compliance and compounding workflow software to US hospital systems, 503B outsourcing facilities, and 340B covered entities, serving over 1,000 hospitals and 4,800+ sites.
- Company typePrivate
- Founded2013
- HeadquartersMilwaukee, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What ConsortiEX does
ConsortiEX is a Milwaukee-based, privately held healthcare technology company founded in 2013 that sells a cloud-hosted pharmacy compliance platform to US hospital systems, 503B outsourcing facilities, and 340B covered entities. The platform is anchored by the Assure-Trak Compounding Management System, which enforces USP <795>, USP <797>, USP <800>, and DQSA compliance across batch and patient-specific sterile and non-sterile compounding, and is complemented by DSCSA Compliance as a Service for supply-chain traceability. Supporting modules include Verify on Receipt (DSCSA product verification via barcode scanning), the patented ScanCast™ scan-elimination tool, Assure-Trak Video Auditor for continuous compounding monitoring, Assure-Trak Compounding EXchange for hub-and-spoke order management integrated with DEA CSOS, a 340B Drug Pricing Program module, Recall Alerts, and ConsortiEX University for customer training. The architecture integrates with electronic health records via HL7 FHIR and with trading partners through EDI and GS1 EPCIS, and ConsortiEX has processed over 140 million electronic and 450,000 paper T3 transactions across more than 68,000 vendor connections.
The company monetizes primarily through recurring enterprise SaaS subscriptions priced on a quote basis by facility size, modules selected, and site count, with implementation and premium onboarding sold as professional services. ConsortiEX differentiates itself with a financial quality assurance guarantee under which it pays customer fines arising from DSCSA non-compliance, 24/7 US-based support, and a "designed by pharmacists" product ethos. Go-to-market is direct enterprise field sales to pharmacy directors and IT leadership at health systems, augmented by an active conference presence at CPES, ASHP Midyear, ASHP Pharmacy Futures, HCP Hospital Pharmacy, CAPTIS, and GSHP Fall, and by a 2026 channel partnership with Wolters Kluwer to distribute Assure-Trak IV Workflow Management through the Simplifi+ suite. The company is backed by Serra Ventures, Open Prairie, and OpenView (board representation) with prior grants from the National Science Foundation, and serves more than 1,000 hospitals and 4,800+ sites across the United States.
ConsortiEX firmographics
Firmographics- Name
- ConsortiEX
- Legal name
- ConsortiEX Inc.
- Website
- https://consortiex.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ConsortiEX is a Milwaukee-based, privately held SaaS company founded in 2013 that provides cloud-hosted pharmacy compliance and compounding workflow software to US hospital systems, 503B outsourcing facilities, and 340B covered entities, serving over 1,000 hospitals and 4,800+ sites.
- Ownership category
- akta.pro rank
ConsortiEX industry classification
Industry- Product category
- Pharmacy Compliance Software
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Pharmacy Information Systems (PIS) & Dispensing Workflow (HLACAKAC)
- akta.pro secondary industries
- Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG), Medication Pricing, Copay Assistance & Patient Financial Support Tools (HLACAKAN)
Keywords
Where ConsortiEX is headquartered
LocationHeadquarters
- HQ city
- Milwaukee
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
ConsortiEX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription - Assure-Trak® Compounding Management: Cloud-hosted Software as a Service application with automatic upgrades. Pricing likely tiered by facility size or modules selected. Implementation and training included.
- DSCSA Compliance as a Service: Subscription-based compliance service with quality assurance guarantee. If customer gets fined, ConsortiEX pays it (terms and conditions apply).
- Implementation and Professional Services: Onboarding, new user training, and implementation services for DSCSA Compliance as a Service. ConsortiEX University provides self-guided training at no extra cost, but premium onboarding services are offered.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS subscription for health systems and 503B facilities |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
ConsortiEX product offering
Product offeringCore offering
ConsortiEX provides cloud-hosted pharmacy compliance and IV workflow management software for hospital pharmacies and 503B outsourcing facilities. Its core offerings include the Assure-Trak® Compounding Management System covering batch and patient-specific compounding under USP <795>, <797>, and <800>, DSCSA Compliance as a Service with a quality assurance guarantee, automated product verification (Verify on Receipt®), and patented barcode scan elimination (ScanCast™) — all delivered as a unified SaaS platform with EHR, EDI, and EPCIS integrations.
Product overview
ConsortiEX offers a unified pharmacy compliance platform centered on the Assure-Trak Compounding Management System, complemented by DSCSA Compliance as a Service. The product portfolio includes Verify on Receipt for product verification, ScanCast for barcode scan elimination, Video Auditor for compounding monitoring, Compounding EXchange for order management, 340B Support for drug pricing program compliance, Recall Alerts for supply chain safety, and ConsortiEX University for training. The platform is cloud-hosted, designed by pharmacists for pharmacists, and serves over 1,000 hospitals across 4,800+ sites.
Differentiator
Problem solved
Functional benefit
Brands
- Assure-Trak®: Compounding Management System for health systems and 503B outsourcing facilities, ensuring compliance with DQSA, USP <795>, USP <797>, and USP <800>.
- Verify on Receipt®
- ScanCast™
- Magnifier™
- ConsortiEX University
Products and services
- Assure-Trak® Compounding Management System A cloud-hosted compounding management system designed for health system pharmacies and 503B outsourcing facilities that ensures compliance with DQSA, USP <795>, USP <797>, and USP <800> and supports both batch and patient-specific compounding through guided workflows with configurable safety checks.
- DSCSA Compliance as a Service Comprehensive DSCSA compliance solution providing data collection, product traceability, T3 processing (Transaction Information, Transaction History, Transaction Statements), and 100% product verification, backed by ConsortiEX's quality assurance compliance guarantee and 24/7 US-based support.
- Verify on Receipt® Automated DSCSA product verification solution using barcode scanning technology that streamlines inventory receiving and reconciliation while detecting counterfeit, recalled, diverted, mismatched, and duplicate-serial-number products upon arrival.
- ScanCast™ Patented barcode scan elimination tool that optimizes pharmacy receiving and reconciliation workflows by eliminating redundant scanning, compatible with Inventory, Formulary, and Physical Storage systems and requiring no IT, wireless, network, or internet functionality.
- Assure-Trak® Video Auditor Continuous video capture monitoring module for compounding processes that moves beyond isolated snapshots by appending time- and date-stamped video evidence to electronic batch records.
- Assure-Trak® Compounding EXchange Order management module allowing health system customers and affiliate organizations to access inventories of certified-quality products, centralizing inbound orders for hub-and-spoke distribution models and integrated with the DEA's Controlled Substance Ordering System (CSOS).
- 340B Support Comprehensive 340B Drug Pricing Program support solution providing automated compliance, inventory control, closed-loop traceability, reduced redundant workflows, and complete data visibility for Covered Entities and Contract Pharmacies, supporting both Traditional Bill-To/Ship-To and Alternative Distribution Models.
- Assure-Trak® Compounding Management System for 503B Outsourcing Facilities Variant of the Assure-Trak Compounding Management System tailored for FDA-registered 503B outsourcing facilities, combining pharmacy thought processes with pharmaceutical-based cGMP manufacturing in a single product to ensure DQSA compliance.
- ConsortiEX Recall Alerts Alert system that leverages Verify on Receipt data capture to notify users when recalled products enter their supply chain, enabling proactive recall management.
- ConsortiEX University Self-guided online training platform available via web browser and Canvas Mobile App that provides a-la-carte training modules under 10 minutes each, with user progress tracking and certificates of completion, offered at no extra cost to all users.
- Assure-Trak® Dynamic Patient-Specific Compounding Variant of the Assure-Trak Compounding Management System enabling dynamic, patient-specific dosing workflows with flexible compounding configurations.
Quantifiable outcome
- 100% product verification at point of receipt preventing counterfeit, recalled, and expired medications from reaching inventory
- +3 more outcomes
Companies that use ConsortiEX
Customer profileSegments3 records
Ideal customer profiles3 records
ConsortiEX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
ConsortiEX partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Wolters KluwercoreWolters Kluwer acquired distribution rights for Assure-Trak IV Workflow Management solution, now part of their Simplifi+ suite for compounding compliance solutions. This partnership extends ConsortiEX's market reach through Wolters Kluwer's established healthcare customer base.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
ConsortiEX competitors and assessment
Company assessmentDirect peers
- ICU Medical: Developer of IV consumables, smart infusion pumps, and pharmacy compounding workflow systems. Directly competes with ConsortiEX's IV workflow and compounding management offerings in hospital settings.
- Omnicell: Provider of medication management solutions for health systems, including IV compounding workflow and pharmacy automation. Competes directly with ConsortiEX in hospital pharmacy compounding and medication safety.
Broad incumbents
- Becton Dickinson (BD): Global medical technology company offering pharmacy compounding workflow solutions, IV preparation systems, and medication management products serving similar hospital pharmacy customers.
- Baxter International: Global healthcare company providing IV solutions, pharmacy compounding technology, and medication delivery systems serving health systems and 503B outsourcing facilities.
- Cencora (formerly AmerisourceBergen): Major pharmaceutical distributor with technology solutions supporting DSCSA compliance, 340B program management, and pharmacy operations for health systems and dispensing entities.
- McKesson Corporation: Major pharmaceutical distributor and healthcare IT provider with pharmacy automation solutions and USONS-controlled substance ordering. Karen Mellin (ConsortiEX VP of Sales) previously led McKesson Pharmacy Automation strategic accounts.
- Fresenius Kabi: Global healthcare company specializing in infusion therapy, IV drugs, and clinical nutrition. Tom Karakosta (ConsortiEX VP of Strategic Marketing) previously led infusion technology strategy at Fresenius Kabi USA.
- Wolters Kluwer: Global healthcare information services company that distributes ConsortiEX's Assure-Trak IV Workflow Management through its Simplifi+ suite. Overlaps with ConsortiEX in pharmacy compounding compliance while serving a much broader healthcare IT portfolio.
Emerging players
- DrFirst: Healthcare technology provider offering e-prescribing, medication management, and compliance solutions for hospitals and providers. Karen Mellin (ConsortiEX VP of Sales) previously held a leadership role at DrFirst.
Regional players
- Swisslog Healthcare: Provider of medication management, pharmacy automation, and IV compounding workflow solutions primarily serving North American and European hospital pharmacy markets. Karen Mellin previously worked at Swisslog Healthcare.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
ConsortiEX social profiles
Digital presenceConsortiEX compliance and trust
Trust signalCompliance2 records
ConsortiEX financial estimates
Financial estimateRevenue estimate
Valuation estimate
ConsortiEX leadership team
Management profileNumber of profiles
Profiles10 records
ConsortiEX funding detail
Funding detailFunding overview
Funding rounds9 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ConsortiEX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ConsortiEX
What does ConsortiEX do?
ConsortiEX provides cloud-hosted pharmacy compliance and IV workflow management software for hospital pharmacies and 503B outsourcing facilities. Its core offerings include the Assure-Trak® Compounding Management System covering batch and patient-specific compounding under USP <795>, <797>, and <800>, DSCSA Compliance as a Service with a quality assurance guarantee, automated product verification (Verify on Receipt®), and patented barcode scan elimination (ScanCast™) — all delivered as a unified SaaS platform with EHR, EDI, and EPCIS integrations.
Is ConsortiEX a public or private company?
ConsortiEX is a private company. It is classified as venture growth investor backed and is currently operating.
When was ConsortiEX founded?
ConsortiEX was founded in 2013. It employs 101 to 250 people.
Where is ConsortiEX based?
ConsortiEX is headquartered in Milwaukee, United States, in the North America region.
How does ConsortiEX make money?
Three revenue lines are on record. SaaS Subscription - Assure-Trak® Compounding Management is the primary driver. The others are DSCSA Compliance as a Service and implementation and Professional Services.
Who are ConsortiEX's main competitors?
Direct peers on record are ICU Medical and Omnicell. Broad incumbents are Becton Dickinson (BD), Baxter International, Cencora (formerly AmerisourceBergen), McKesson Corporation, Fresenius Kabi and Wolters Kluwer. DrFirst is listed as an emerging player. Swisslog Healthcare is listed as a regional player.
Does ConsortiEX have an API?
No public API is recorded for ConsortiEX.
What industry is ConsortiEX in?
ConsortiEX's product category is Pharmacy Compliance Software. Its primary akta.pro industry code is HLACAKAC, Pharmacy Information Systems (PIS) & Dispensing Workflow, with a secondary code of HLACAKAG, Specialty Pharmacy & Complex Therapy Management Platforms. Its NAICS code is 54151 and its SIC code is 7372.