CPS

What CPS does

CPS Solutions, LLC (CPS, dba Comprehensive Pharmacy Services) is the largest hospital pharmacy provider in the United States, founded in 1972 and headquartered in Dublin, Ohio. The company serves more than 800 healthcare customers across the US and Puerto Rico with a workforce of 2,500+ healthcare professionals, operating primarily as an embedded managed services partner to independent hospitals, integrated delivery networks (IDNs), and specialized health facilities including rehabilitation and behavioral health centers. CPS functions as the pharmacy department for its hospital clients, providing staffing, clinical services, 340B Drug Pricing Program compliance, telepharmacy support, supply chain management, and consulting under multi-year enterprise contracts.

The company's technology stack centers on two proprietary SaaS platforms. CPS Optimizer is enterprise pharmacy management software providing real-time drug spend reporting, 340B performance monitoring, purchase trending, contract compliance, and antimicrobial/opioid stewardship dashboards. TherigySTM is a specialty pharmacy therapy management platform built and operated by sister company Therigy, LLC, covering 24+ therapeutic categories with 790 unique clinical activities, EHR integration (including bi-directional Epic integration), patient engagement tracking, and financial assistance tooling. CPS extended this portfolio with TherigyVista in April 2024, adding pharmacy analytics that consolidates EMR and dispensing data into dashboards for outpatient pharmacy performance management. The technology is differentiated by deep domain specialization, EHR interoperability, and accreditation alignment with URAC, ACHC, and Joint Commission standards.

Revenue is generated through managed services contracts (the largest stream, where CPS takes operational responsibility for hospital pharmacy departments), subscription licensing of CPS Optimizer and TherigySTM, professional services and consulting, and specialty pharmacy build-out engagements. The company sells through direct enterprise field sales targeting pharmacy directors, COOs, CNOs, and C-suite executives at health systems. CPS was acquired by UnitedHealth Group in 2022 as part of Optum's vertical integration strategy, following prior acquisitions of Trellis Rx (2022), PharmaSource (2017), Rx Remote Solutions (2009), and McKesson Medication Management (2008). CPS is led by Chairman and CEO Frank Segrave, with President Jeff Foreman, President and COO Michael McCarrell, EVP/CIO Karl Bedwell, and CHRO Tony Callander.

Name

CPS

Legal name

CPS Solutions, LLC

Website

https://cps.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CPS Solutions, LLC is the largest US hospital pharmacy provider, founded in 1972 and now owned by UnitedHealth Group. It delivers managed pharmacy services, 340B compliance, telepharmacy, and proprietary SaaS platforms (CPS Optimizer, TherigySTM) to 800+ hospitals and health systems nationwide.

Ownership category

akta.pro rank

Product category

Hospital Pharmacy Services

NAICS

Hospitals (622)

SIC

Services-Health Services (8000)

akta.pro primary industry

Hospital & Health-System Pharmacies (Inpatient/Outpatient) (HLAFALAB)

akta.pro secondary industries

Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG), 340B Program Administration & Contract Pharmacy Services (HLAFALAL), Specialty Pharmacies (Complex/High-Cost Therapies) (HLAFALAC)

Keywords

• Hospital pharmacy management
• Specialty pharmacy services
• 340B program compliance
• Pharmacy analytics software
• Telepharmacy solutions

Headquarters

HQ city

Dublin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Pharmacy Management Services: CPS provides comprehensive hospital pharmacy management services, serving as the pharmacy department for health systems and hospitals. Revenue is generated through managed services contracts where CPS takes responsibility for pharmacy operations, staffing, clinical services, and performance outcomes.
2. Technology Platform Licensing: CPS licenses its proprietary software platforms including CPS Optimizer and TherigySTM to health system specialty pharmacies. Software provides workflow optimization, patient management, analytics, and compliance reporting capabilities on a subscription basis.
3. Specialty Pharmacy Services: CPS supports health systems in building and operating specialty pharmacy operations, including accreditation support, staffing, training, and operational guidance. Supports the CPS Enterprise Advantage where organizations leverage multiple CPS solutions.
4. Consulting Services: Advisory services for pharmacy optimization, 340B program management, compliance, and operational improvement. Includes telepharmacy support via Remote Order Entry & Verification and Transitions of Care programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

CPS Solutions is the largest hospital pharmacy provider in the US, delivering end-to-end pharmacy management, specialty pharmacy development, telepharmacy, 340B program support, consulting, rehabilitation, and supply chain services to 800+ hospitals and health systems. The offering is anchored by proprietary SaaS platforms CPS Optimizer (enterprise pharmacy management) and TherigySTM (specialty pharmacy therapy management), with 2,500+ healthcare professionals embedded in customer operations.

Product overview

CPS Solutions, LLC is the largest hospital pharmacy provider in the US, offering a comprehensive suite of pharmacy solutions across the entire care continuum. The company's technology portfolio centers on two core SaaS platforms: CPS Optimizer (enterprise pharmacy management software for financial, operational, clinical, and regulatory effectiveness) and TherigySTM (specialty pharmacy management software for therapy management and patient care coordination). These platforms are complemented by TherigyVista (pharmacy analytics software launched April 2024) and various EHR integration modules. Beyond technology, CPS provides managed services including Specialty Pharmacy, Pharmacy Management, Telepharmacy, 340B Program, Consulting, Rehabilitation, and Supply Chain services, serving 800+ healthcare customers across the US and Puerto Rico with 2,500+ healthcare professionals. The company operates sister-company relationships (Therigy, LLC for specialty pharmacy software) and maintains 50+ years of industry experience.

Differentiator

Problem solved

Functional benefit

Products and services

• CPS Optimizer Proven pharmacy management software that drives financial, operational, clinical, and regulatory effectiveness across hospital enterprises. Provides real-time drug spend and 340B performance reporting, purchase trending, contract compliance monitoring, year-over-year data analysis, and antimicrobial/opioid/biosimilar reporting. Used by health systems and hospitals to standardize and optimize pharmacy operations.
• TherigySTM Specialty pharmacy management software that empowers pharmacy teams to optimize workflow while delivering patient care. Provides therapy management, patient care coordination, data security, compliance reporting, and integration with dispensing systems across 24+ therapeutic categories, with 790 unique clinical activities and assessments. Used by health system specialty pharmacies and supports patient engagement, referral management, and financial assistance tools.
• TherigyVista Pharmacy analytics software that consolidates real-time data from EMR and dispensing systems into dashboards to help outpatient pharmacies track prescription capture rates, identify leakage points, and analyze revenue opportunities. Provides business intelligence reports on patient and prescriber trends, payer access, medication margins, and five-year financial projections.
• Pharmacy Management Services End-to-end pharmacy management with tech-enabled pharmacy leadership to achieve financial, operational, and clinical goals. CPS serves as the pharmacy department for health systems and hospitals, providing staffing, clinical services, regulatory compliance, and performance outcomes. Used by independent hospitals, health systems, and IDNs.
• Specialty Pharmacy Services Accelerates specialty pharmacy results for patients and health systems through collaborative partnership, best-in-class care model, and strategic growth support, including accreditation assistance, staffing, training, and operational guidance. Used by health systems seeking to build or scale in-house specialty pharmacy operations.
• Telepharmacy Services Enhances pharmacy services across the continuum of care with 24/7/365 support via Remote Order Entry and Verification and Transitions of Care programs. Used by hospitals needing off-hours or remote pharmacist coverage.
• 340B Program Services

Quantifiable outcome

• Banner Health saved $3.5 million in efficiency in 2022
• +6 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• HonorHealthcoreTechnology or Integration · 30 November 2021Therigy integrated TherigySTM with HonorHealth's electronic health record system. The integration provides specialty pharmacists with comprehensive, accurate, and real-time data through secure HL7 and API exchanges for informed decision-making.
• Baptist Health South FloridacoreTechnology or Integration · 1 April 2021Baptist Health selected Therigy's EHR integration solution to integrate TherigySTM with their electronic health record system. This integration helps Baptist Health improve communications across multiple functions of its pharmacy and ensure optimal patient therapeutic success.
• UVA Health Specialty PharmacycoreTechnology or Integration · 3 February 2021Therigy partnered with UVA Health to deliver an EHR integration that improves communications between their pharmacy, providers, and patients. The bi-directional exchange of patient data between UVA's Epic EHR and TherigySTM enables real-time data integration through secure API exchanges.
• Therigy, LLCcoreTechnology or IntegrationTherigy, LLC is an affiliate/sister company of CPS Solutions, LLC providing specialty pharmacy therapy management software and services. TherigySTM platform is utilized as part of CPS's operational technology stack for specialty pharmacy customers. The partnership enables integrated specialty pharmacy management with patient therapy management, EHR integrations, and financial assistance tools.
• 340B HealthminorStrategic or Co-development PartnerCPS partners with 340B Health organization for collaborative webinars and industry education on 340B program management, contract pharmacy effectiveness, and regulatory updates.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Shields Health Solutions: Specialty pharmacy services provider that partners with health systems to build and operate in-house specialty pharmacies using a tech-enabled, integrated care model. Most directly comparable to CPS's specialty pharmacy services and TherigySTM platform, serving the same health-system buyer with a similar outcomes-driven value proposition.
• PipelineRx: Telepharmacy services provider offering remote order entry, verification, and clinical pharmacy support to hospitals and health systems. Most directly comparable to CPS's 24/7/365 TELEpharmacy service, with a similar delivery model and health-system customer base.
• Lumicera Health Services: Specialty pharmacy services company serving health systems and providers with therapy management, prior authorization, and patient support. Comparable to CPS's specialty pharmacy management offering and TherigySTM platform, particularly in the payor-aligned and health-system channel.

Broad incumbents

• Cardinal Health: Large healthcare distributor and services company offering hospital pharmacy management, specialty distribution, and at-Hospital Solutions. Competes with CPS in managed pharmacy services and pharmaceutical distribution, though as part of a much broader medical products portfolio rather than a focused hospital pharmacy niche.
• McKesson: Pharmaceutical distributor and healthcare services company with hospital pharmacy services, specialty pharmacy, and consulting offerings. Directly comparable to CPS's pharmacy management and supply chain services, though at far greater scale and across a broader portfolio that includes distribution, biopharma services, and oncology.
• Cencora (formerly AmerisourceBergen): Pharmaceutical distribution and consulting company with significant specialty pharmacy, hospital solutions, and biopharma services offerings. Comparable to CPS in hospital pharmacy operations support and specialty distribution, though with broader global distribution scale rather than a focused hospital pharmacy niche.
• Optum Specialty Pharmacy: Specialty pharmacy arm of Optum/UnitedHealth Group and sister entity to CPS post-acquisition. Directly overlaps with CPS's specialty pharmacy and therapy management offerings, leveraging Optum's payer/PBM infrastructure to serve health systems and patients at greater scale.
• Ardent Health Partners: Hospital operator and health system that outsources significant pharmacy operations to CPS and similar providers. Comparable as a customer/buyer archetype for CPS's services rather than as a direct competitor, providing a useful comparable for the hospital sector economics that drive CPS's revenue base.

Emerging players

• Remedi SeniorCare: Long-term care and post-acute pharmacy services provider offering pharmacy management, consulting, and technology to skilled nursing and senior care facilities. Comparable to CPS's broader pharmacy management and consulting capabilities, though focused on the long-term/post-acute segment rather than acute care hospitals.

Others

• Health Catalyst: Healthcare analytics and data platform serving hospitals and health systems. Comparable as an enabling analytics player to CPS's TherigyVista product, with overlap in pharmacy financial and operational benchmarking, but not a direct pharmacy services competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cps
• Xx.com/CPSpharm
• Facebookfacebook.com/cpspharm

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CPS