Correct Rx Pharmacy Services
Correct Rx Pharmacy Services is a privately held institutional pharmacy founded in 2003 that dispenses medications and provides clinical pharmacy programs to over 450 correctional facilities serving 200,000+ patients across all 50 U.S. states.
- Company typePrivate
- Founded2003
- HeadquartersHanover, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Correct Rx Pharmacy Services does
Correct Rx Pharmacy Services, Inc. is a privately held, Maryland-incorporated institutional pharmacy founded in 2003 that provides pharmaceutical services and clinical pharmacy programs to jails, correctional centers, and prisons across the United States. The company is licensed to operate in all 50 states and dispenses medications to more than 200,000 patients across over 450 facilities, with same-day delivery available to clients in Maryland, Delaware, Virginia, and Pennsylvania from its Hanover, MD headquarters near BWI/Marshall Airport. Its service model centers on dedicated clinical pharmacists embedded with each client, formulary management, non-formulary review, medication utilization analysis, and an "Ask A Pharmacist" drug information service, with the explicit value proposition of reducing overall pharmacy expenditures and improving clinical outcomes rather than competing on per-pill price.
The company operates a proprietary, Windows-compatible web-based technology stack consisting of three integrated systems: the WebConnect System (a web-based order entry application with role-based security for prescribers and non-prescribers that interfaces with Jail Management Systems, Electronic Medical Records, and Electronic Medication Administration Records), the Barcode System (medication verification and tracking), and the Dashboard System (real-time reporting and analytics). Revenue is generated through contracted institutional pharmacy services sold on a managed-services basis to government agencies and correctional systems via direct B2B enterprise sales and RFP responses; pricing is not publicly disclosed. The leadership team is composed entirely of licensed pharmacists with deep correctional healthcare experience, including CEO Dr. Ellen H. Yankellow, a PharmD from the University of Maryland School of Pharmacy, and co-owner/VP Jill R. Molofsky, with operational depth provided by Vice Presidents of Operations, Clinical Services, Program Services, Regulatory Affairs, and Marketing.
Correct Rx Pharmacy Services firmographics
Firmographics- Name
- Correct Rx Pharmacy Services
- Legal name
- Correct Rx Pharmacy Services, Inc.
- Website
- https://correctrxpharmacy.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Correct Rx Pharmacy Services is a privately held institutional pharmacy founded in 2003 that dispenses medications and provides clinical pharmacy programs to over 450 correctional facilities serving 200,000+ patients across all 50 U.S. states.
- Ownership category
- akta.pro rank
Correct Rx Pharmacy Services industry classification
Industry- Product category
- Institutional Pharmacy Services
- NAICS
- Pharmacies and Drug Retailers (456110)
- SIC
- Retail-Drug Stores And Proprietary Stores (5912)
- akta.pro primary industry
- Long-Term Care (LTC) & Skilled Nursing Facility Pharmacies (HLAFALAF)
- akta.pro secondary industry
- PBM Technology Platforms (ePA/eRx/Real-Time Benefit Tools) (HLAEAKAL)
Keywords
Where Correct Rx Pharmacy Services is headquartered
LocationHeadquarters
- HQ city
- Hanover
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Correct Rx Pharmacy Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Institutional Pharmacy Services: Provides comprehensive pharmacy services to correctional facilities including medication dispensing, clinical services, and program management. Revenue derived from serving over 200,000 lives across 450+ facilities on a contractual basis.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Correct Rx Pharmacy Services product offering
Product offeringCore offering
Correct Rx Pharmacy Services provides institutional pharmacy services to correctional facilities (jails, prisons, correctional centers) across the United States. The offering combines medication dispensing and delivery with dedicated clinical pharmacist support, formulary management, and proprietary web-based technology systems (WebConnect, Barcode, Dashboard) for electronic order entry, medication verification, and real-time utilization reporting. The company is licensed in all 50 states and serves over 200,000 patients across 450+ facilities under contractual arrangements with state, local, and federal government agencies.
Product overview
Correct Rx Pharmacy Services offers a unified correctional pharmacy services platform consisting of proprietary technology systems (WebConnect System, Barcode System, Dashboard System) integrated with clinical services. The core offering centers on their Clinical Pharmacy Services Program, which provides dedicated clinical pharmacists who collaborate with correctional healthcare teams. Supporting services include Ask A Pharmacist (drug information consultation) and Formulary Management. The company serves over 200,000 patients across 450+ facilities in the correctional healthcare sector.
Differentiator
Problem solved
Functional benefit
Products and services
- WebConnect System Web-based order entry and order management system allowing correctional facilities to connect to Correct Rx's application server via the internet; features role-based security for different user types and integrates with jail management systems and EMR/eMAR records.
- Barcode System Internal barcode scanning and verification system for medication administration and inventory management, designed to improve accuracy of dispensing within Correct Rx's correctional pharmacy operations.
- Dashboard System Web-based reporting and analytics portal providing real-time access to medication utilization data, statistical reports, and facility performance metrics for client correctional facilities.
- Clinical Pharmacy Services Program Data-driven clinical pharmacy program for correctional facilities featuring dedicated clinical pharmacists who serve as active members of client healthcare teams, providing formulary management, disease state management, and medication therapy management to improve outcomes and lower costs.
- Ask A Pharmacist Online drug information service allowing correctional clients to submit pharmaceutical and drug questions; responses are provided by clinically trained pharmacists within 24-48 hours via email, fax, video conferencing, or direct telephone consultation.
- Formulary Management Services Pharmacist-driven formulary management including development and maintenance of correctional-specific formularies, non-formulary approval programs, and therapeutic interchange recommendations tailored to each facility.
- Medication Utilization Analysis Ongoing monitoring and trending of medication consumption data to identify anomalies, inconsistencies, and opportunities for cost control, generating statistical reports sorted by month and facility for correctional clients.
Quantifiable outcome
- Serving over 200,000 lives across 450+ facilities
- +2 more outcomes
Companies that use Correct Rx Pharmacy Services
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Correct Rx Pharmacy Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Correct Rx Pharmacy Services partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Correct Rx Pharmacy Services competitors and assessment
Company assessmentBroad incumbents
- Guardian Pharmacy Services: Guardian Pharmacy Services is one of the largest US institutional pharmacy companies, focused on long-term care, assisted living, and behavioral health facilities. It is comparable in business model (closed-door institutional pharmacy) and customer verticals, though correctional is not its primary focus.
- Centurion Health: Centurion Health is a correctional and behavioral health services provider jointly owned by Centene and Wexford Health, offering pharmacy and clinical services to prisons, jails, and state hospitals. It is a relevant competitor in correctional pharmacy procurement.
- Wellpath: Wellpath is the largest US correctional healthcare services provider, offering comprehensive medical, dental, mental health, and pharmacy services to inmates. It competes with Correct Rx in correctional pharmacy, but as part of a much broader integrated care model rather than a dedicated pharmacy specialist.
- Wexford Health Sources: Wexford Health Sources provides comprehensive correctional healthcare, including pharmacy services, to state and local correctional facilities. Comparable in customer base (government corrections) and broader service model rather than pharmacy-only specialization.
- PharMerica: PharMerica is a large publicly traded institutional pharmacy focused primarily on long-term care and skilled nursing facilities. It serves as a broad incumbent in institutional pharmacy with adjacent overlap to Correct Rx's closed-door institutional model.
- YesCare (formerly Corizon Health): YesCare (formerly Corizon Health) is a major correctional healthcare company providing medical, behavioral health, and pharmacy services across state and county correctional systems. It overlaps with Correct Rx in correctional pharmacy but as a broader integrated healthcare services provider.
Direct peers
- NaphCare: NaphCare is a Birmingham-based correctional healthcare company that operates pharmacy and clinical programs serving jails and prisons nationwide. It is one of the closest direct peers to Correct Rx, with a similarly pharmacy-led and clinical-outcomes-focused value proposition in the corrections vertical.
- Diamond Pharmacy Services: Diamond Pharmacy Services is a privately held institutional pharmacy that services correctional facilities, among other institutional settings. It is one of the closest direct competitors to Correct Rx in correctional/institutional pharmacy delivery.
- Maxor Correctional Pharmacy Services: Maxor operates a correctional pharmacy services division serving county, state, and federal correctional facilities. Like Correct Rx, it focuses on clinical pharmacy, formulary management, and 340B programs targeted at correctional populations.
- MHM Services: MHM Services is a correctional behavioral health and healthcare staffing company serving state and local correctional agencies. While primarily clinical/behavioral, it competes for the same government procurement pipeline that drives Correct Rx's contracts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Correct Rx Pharmacy Services social profiles
Digital presenceCorrect Rx Pharmacy Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Correct Rx Pharmacy Services leadership team
Management profileNumber of profiles
Profiles11 records
Correct Rx Pharmacy Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Correct Rx Pharmacy Services 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 Correct Rx Pharmacy Services
What does Correct Rx Pharmacy Services do?
Correct Rx Pharmacy Services provides institutional pharmacy services to correctional facilities (jails, prisons, correctional centers) across the United States. The offering combines medication dispensing and delivery with dedicated clinical pharmacist support, formulary management, and proprietary web-based technology systems (WebConnect, Barcode, Dashboard) for electronic order entry, medication verification, and real-time utilization reporting. The company is licensed in all 50 states and serves over 200,000 patients across 450+ facilities under contractual arrangements with state, local, and federal government agencies.
Is Correct Rx Pharmacy Services a public or private company?
Correct Rx Pharmacy Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Correct Rx Pharmacy Services founded?
Correct Rx Pharmacy Services was founded in 2003. It employs 101 to 250 people.
Where is Correct Rx Pharmacy Services based?
Correct Rx Pharmacy Services is headquartered in Hanover, United States, in the North America region.
How does Correct Rx Pharmacy Services make money?
One revenue line is on record: institutional Pharmacy Services.
Who are Correct Rx Pharmacy Services's main competitors?
Broad incumbents on record are Guardian Pharmacy Services, Centurion Health, Wellpath, Wexford Health Sources, PharMerica and YesCare (formerly Corizon Health). Direct peers are NaphCare, Diamond Pharmacy Services, Maxor Correctional Pharmacy Services and MHM Services.
Does Correct Rx Pharmacy Services have an API?
No public API is recorded for Correct Rx Pharmacy Services.
What industry is Correct Rx Pharmacy Services in?
Correct Rx Pharmacy Services's product category is Institutional Pharmacy Services. Its primary akta.pro industry code is HLAFALAF, Long-Term Care (LTC) & Skilled Nursing Facility Pharmacies, with a secondary code of HLAEAKAL, PBM Technology Platforms (ePA/eRx/Real-Time Benefit Tools). Its NAICS code is 456110 and its SIC code is 5912.