PAR Excellence Systems

What PAR Excellence Systems does

PAR Excellence Systems, Inc. is a US-based healthcare supply chain technology company headquartered in Cincinnati, Ohio, founded in 1992 and operating since 1993. The company sells an integrated inventory management platform to hospitals, integrated delivery networks (IDNs), and government healthcare customers, combining cloud-based software (PAR Vision, PAR Mobile, PAR Charge, PAR 360), proprietary hardware (weight-based scales, RFID-enabled cabinets and refrigerators, electronic shelf labels with 10+ year battery life), and value-added services such as implementation, training, and support. The platform tracks roughly $2 billion of healthcare supply inventory in real time across an installed base of approximately 2 million weight-based scales and 2,400 active EHR/ERP integrations, and reportedly serves more than 1,700 healthcare providers.

The product portfolio has been expanded through three 2024-2025 transactions: the September 2024 acquisition by private equity sponsor OceanSound Partners from Northlane Capital Partners; the January 2025 acquisition of NotiSphere, which provides medical device recall communications software; and the March 2025 merger with TrackCore, Inc., which adds cloud-based RFID tissue and implant tracking software used by more than 1,300 hospitals for UDI, Joint Commission, FDA, and AATB compliance. Following these combinations, PAR Excellence also offers a SameDay bill-only implant management solution, a TrackCore Interventional module for cath/EP/IR labs, a TrackCore Warranty Tracking module aligned with OIG/Medicare expectations, and PAR 360, a mobile workforce-optimization control tower launched in June 2025 with Community Health Network as beta site.

Revenue is generated through three streams: recurring SaaS subscriptions to the cloud platform, hardware unit sales (scales, RFID enclosures, refrigerators, electronic shelf labels), and professional services for deployment and support. Pricing is quote-based and not publicly disclosed; multi-year contracts are common given the hardware footprint and the depth of EHR/ERP integration work. The go-to-market is an enterprise field-sales motion targeting supply chain leadership at large healthcare systems, with messaging anchored on quantified outcomes such as recovered charge capture, overstock reduction, and recall response time. The CEO is identified in company communications as Thad MacKrell following the OceanSound transaction; legacy references to Joseph Dattilo as CEO and founder also appear in some data sources.

Name

PAR Excellence Systems

Legal name

PAR Excellence Systems, Inc.

Website

https://www.parexcellence.com/

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

PAR Excellence Systems is a US healthcare supply chain technology company that sells an integrated cloud platform, proprietary weight-based and RFID hardware, and supporting services to hospitals, IDNs, and government healthcare customers, tracking roughly $2B of inventory across 1,700+ providers.

Ownership category

akta.pro rank

Product category

Healthcare Supply Chain Management Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Medical-Grade Device Connectivity & Device Management (MDM) (HLACAFAG)

Keywords

• Healthcare supply chain
• Inventory management software
• RFID asset tracking
• Workforce optimization
• Recall management

Headquarters

HQ city

Cincinnati

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Operations

Revenue model

1. SaaS Software Subscriptions: Cloud-based software platform subscriptions for inventory management, recall management, tissue tracking, and workforce optimization. The platform is delivered as an integrated solution with recurring subscription revenue.
2. Proprietary Hardware Solutions: Sale of weight-based scales, RFID-enabled cabinets, refrigerators, freezers, and electronic shelf labels. Hardware is sold as part of the integrated inventory management solution.
3. Value-Added Services: Implementation, training, and support services associated with deploying the automated supply chain management solutions across healthcare organizations.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

PAR Excellence Systems sells an integrated healthcare supply chain data intelligence platform that combines cloud-based software (PAR Vision analytics, PAR Mobile scanning, PAR 360 workforce optimization, PAR Charge charge capture) with proprietary hardware (weight-based scales, RFID-enabled enclosures and refrigerators, electronic shelf labels) and acquired capabilities (TrackCore tissue/implant tracking, SameDay bill-only management, NotiSphere recall management). The platform automates real-time inventory tracking, replenishment, regulatory compliance, and labor optimization for hospitals and integrated delivery networks.

Product overview

PAR Excellence is a unified supply chain data intelligence platform combining cloud-based software, proprietary hardware (scales, RFID enclosures), and value-added services. The platform provides real-time tracking and inventory automation across healthcare supply chains. Core offerings include PAR Vision/PAR Cloud for reporting and analytics, PAR Mobile for mobile scanning, PAR 360 for workforce optimization, PAR Charge for charge capture, and weight-based inventory automation. Acquired brands include TrackCore (Operating Room, SameDay, Interventional for tissue/implant tracking) and NotiSphere (Recall Management). The integrated system connects via EHR/ERP integrations to deliver inventory optimization, recall management, tissue tracking, and labor efficiency across 1,700+ healthcare clients.

Differentiator

Problem solved

Functional benefit

Brands

• SameDay: Bill-only implant management solution that streamlines the bill-only implant process from request to receipt.
• PAR 360
• PAR Charge
• NotiSphere
• TrackCore Warranty Tracking
• TrackCore Operating Room
• TrackCore Interventional
• PAR Mobile

Products and services

• Weight-Based Inventory Automation Weight-based inventory management system that uses customizable scales to track supplies in real time, eliminating cycle counts and providing always-accurate inventory values with automated replenishment for hospitals and IDNs.
• PAR Vision Cloud-based reporting and analytics platform providing system-wide visibility into inventory data, tracking usage of all SKUs, projecting annual item usage, and analyzing budgets, orders, deliveries, and labor for healthcare supply chain teams.
• PAR Mobile Mobile-first scanning experience delivering PAR Cloud reporting, analytics, and intelligent workflows with real-time data visibility, smart alerts, and task-driven logic for inventory technicians.
• PAR 360 Workforce optimization solution that acts as a mobile-centric 'control tower' for shift supervisors and inventory technicians, providing real-time visibility into staff productivity, scanning progress, nurse call downs, audits, recalls, and package delivery.
• PAR Charge Automated charge capture solution that uses weight-based technology to instantly record quantities as items are removed, eliminating manual entry and accelerating patient charging.
• RFID Solutions RFID-enabled enclosures, refrigerators, and software providing real-time inventory visibility, unique device identification, accurate chain-of-custody, and inventory control without human intervention for high-value medical items.
• Scanning Solutions Mobile scanning technology enabling real-time visibility into scanning progress, dynamic cycle counting, and inventory decisions on the go, with seamless integration to the PAR Cloud platform.
• Electronic Shelf Labels (ESL) Real-time electronic shelf labels with 10+ year battery life providing accurate product information at the point of use, including instant updates for product substitutions and elimination of manual label changes.
• SameDay (Bill-Only Management) Purpose-built bill-only implant process management solution that eliminates manual paperwork, reduces lead times, and automates workflows from request to receipt through integration with hospital EHR/ERP and the SuppliCore vendor portal.
• TrackCore Operating Room Software for automated tissue and implant tracking across procedural departments, including Tissue Tracker for biologics and Implant Tracker for non-biologic implants, with FDA, Joint Commission, DNV, HFAP, CIHQ, and AATB compliance support.
• TrackCore Interventional Real-time implant and consumable tracking solution for Interventional Radiology, Cath Labs, Electrophysiology Labs, and Special Procedure Areas with UDI-enabled tracking and RFID technology.
• Recall Management (NotiSphere) Supply disruption communications software that delivers only relevant recall, backorder, and shortage alerts affecting the organization, eliminates duplicates, and streamlines response workflow, achieving 95% reduction in time to receive and accept recall notices.
• Warranty Tracking Warranty tracking solution that automatically stores explant records, tracks credit decisions, and monitors claim statuses in real time with built-in alerts and 50% rule automation for explanted medical devices, satisfying OIG and Medicare expectations.

Quantifiable outcome

• $7 million in supply charges captured ($2.8M recovered revenue) for Avita Health System with 109 beds
• +6 more outcomes

Named customers17 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• TrackCore, Inc.coreStrategic or Co-development Partner · 1 March 2025PAR Excellence merged with TrackCore in March 2025, combining PAR's inventory management technology with TrackCore's cloud-based tissue and implant tracking software. TrackCore serves over 1,300 hospitals nationwide including major commercial, non-profit, and government organizations. The combined company provides end-to-end supply chain management from high-throughput consumables to high-value surgical implants.
• NotiSphere, Inc.coreStrategic or Co-development Partner · 1 January 2025PAR Excellence acquired NotiSphere in January 2025, extending healthcare supply chain automation capabilities with recall management services. NotiSphere provides medical inventory recall notice tracking for healthcare providers and medical device manufacturers, achieving 95% reduction in time to receive recall notices.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Oracle Health (Cerner): Oracle Health (formerly Cerner) supplies EHR and clinical applications to large hospital systems. Comparable to PAR as a healthcare IT incumbent whose Millennium platform increasingly overlaps with supply chain and inventory management workflows that PAR integrates with.
• McKesson: McKesson is one of the largest pharmaceutical and medical supply distributors, with an extensive hospital technology and supply chain services portfolio. Comparable to PAR as a healthcare supply chain participant, though its scale and breadth are significantly larger and span distribution, biopharma services, and retail pharmacy.
• Epic Systems: Epic is the dominant EHR vendor for large US health systems and increasingly embeds supply chain and inventory workflows into its platform. Comparable to PAR as a hospital IT incumbent; overlap exists where Epic's modules address inventory, charge capture, and implant documentation functions that PAR's integrations support.
• Cardinal Health: Cardinal Health is a major medical product distributor and parent of WaveMark. Overlaps with PAR's hospital supply chain offerings through its distribution scale and WaveMark technology, but does not specialize exclusively in healthcare supply chain SaaS the way PAR does.
• BD (Becton, Dickinson and Company): BD is a global medical technology company offering medication management and supply chain solutions alongside its device portfolio. Comparable to PAR through its healthcare inventory and medication management software, but operates as a much broader incumbent across devices, diagnostics, and life sciences.
• Owens & Minor: Owens & Minor provides medical product distribution and supply chain management solutions, including Apria and Byram healthcare segments. Comparable to PAR through hospital supply chain services and Patient Direct home medical equipment offerings, but operates at much larger distribution scale.

Others

• Impinj: Impinj is a leading provider of RAIN RFID tags, readers, and connectivity infrastructure used in healthcare inventory and asset tracking. Comparable to PAR as an enabling RFID technology provider whose hardware underpins PAR's RFID enclosures and tissue/implant tracking solutions.
• Zebra Technologies: Zebra Technologies is a leading provider of barcode scanners, RFID readers, and mobile computing hardware used across healthcare supply chain operations. Comparable to PAR as the underlying hardware infrastructure that PAR's platform runs on; partners and competes at the device layer.

Direct peers

• WaveMark Solutions (Cardinal Health): Cardinal Health's WaveMark provides RFID-enabled inventory and tissue/implant tracking for hospitals. Directly comparable to PAR's RFID and TrackCore offerings, serving the same healthcare provider customers with similar cloud-based supply chain visibility workflows.
• TECSYS: TECSYS provides supply chain management software for healthcare and other regulated industries. Overlaps with PAR's cloud-based inventory automation and analytics capabilities, particularly for multi-site healthcare systems managing distributed inventory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/par-excellence-systems

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A3 records

Investments

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

Frequently asked questions about PAR Excellence Systems