Hospital Pharmacy Management

What Hospital Pharmacy Management does

Hospital Pharmacy Management, Inc. (HPM) is a Kansas-based healthcare services company that provides remote medication review and onsite pharmacy management services to acute-care hospitals and health systems. The company's core offering centers on continuous 24/7 access to licensed, hospital-trained pharmacists who perform prospective medication order reviews — checking for allergies, dosage accuracy, drug interactions, duplications, and compatibility prior to administration — and provide clinical consultation to prescribers, nurses, and care teams. Target customers are hospitals and health systems, particularly those facing staffing shortages, vacancies, overnight coverage gaps, or regulatory pressure to comply with federal prospective order review requirements, with the primary geographic footprint across Kansas, Nebraska, Missouri, and Texas.

The underlying technology is a remote pharmacy services platform that integrates directly with hospital electronic medical record (EMR) systems, enabling seamless order entry and review workflows within existing clinical systems. The platform also incorporates video-enabled support capabilities for patient discharge consultations, nurse supervision during sterile preparation, and real-time staff collaboration. HPM reports operational performance metrics including a 17-minute median order turnaround time and a 20-minute average response time for new medication orders, with 32,500+ interventions conducted and 7,452 adverse drug events avoided in the most recent reporting period for the combined pharmacy operations.

HPM operates a B2B enterprise services model, selling recurring contractual pharmacy management and remote review services directly to hospital administrators, pharmacy directors, and clinical leadership. Pricing is not publicly disclosed and is negotiated on a per-facility or per-contract basis. On December 23, 2024, HPM was acquired by Avel eCare, a telemedicine services provider, and its capabilities were integrated into Avel eCare Pharmacy, a unified virtual pharmacy platform within Avel's broader portfolio of remote clinical services.

Name

Hospital Pharmacy Management

Legal name

Hospital Pharmacy Management, Inc.

Website

https://iolahpm.com

Company type

Private

Operating status

Acquired

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Remote 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), Provider/Health-System Telehealth + In-House/Owned Pharmacy Integration (HLALAIAB)

Keywords

• Remote pharmacy services
• Medication order review
• Hospital pharmacy management
• Prospective drug review
• Telepharmacy services

Headquarters

HQ city

Iola

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, Infrastructure, Marketing or Sales

Revenue model

1. Pharmacy Management Services: HPM provided remote medication review and onsite pharmacy management services to hospitals on a contractual basis, likely through recurring service agreements with health systems seeking to enhance pharmacy coverage and compliance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hospital Pharmacy Management provides remote medication order review and onsite pharmacy management for hospitals and health systems using hospital-trained licensed pharmacists. The service delivers 24/7 prospective drug utilization review with EMR integration, clinical consultation, and rapid order turnaround to hospitals that cannot support full-time in-house pharmacy staffing.

Product overview

Hospital Pharmacy Management (HPM) was a Kansas-based company providing remote medication review and onsite pharmacy management services. In December 2024, HPM was acquired by Avel eCare and its services were integrated into the Avel eCare Pharmacy platform. The combined offering provides 24/7 remote pharmacy coverage with licensed hospital pharmacists, medication order review, prospective medication review, ongoing therapy monitoring, and video-enabled consultation services across inpatient, outpatient, emergency, and specialty departments.

Differentiator

Problem solved

Functional benefit

Products and services

• Remote Medication Review

Quantifiable outcome

• 32,500+ interventions conducted annually
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Avel eCareflagshipStrategic or Co-development Partner · 23 December 2024Avel eCare, a telemedicine services provider, acquired Hospital Pharmacy Management, Inc. (HPM) in December 2024. The acquisition enhances Avel's pharmacy telemedicine services and expands remote pharmacy support to hospitals across Kansas, Nebraska, Missouri, and Texas. HPM's capabilities in remote medication review and onsite pharmacy management were integrated into Avel eCare's broader virtual health services portfolio.

Scale indicators4 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Shields Health Solutions: Specialty pharmacy services company partnering with hospitals and health systems to deliver complex medication management, including specialty infusion and oncology pharmacy programs that overlap with HPM's outpatient specialty support.
• Caregility (PipelineRx): Caregility acquired PipelineRx in 2023 to expand its virtual clinical pharmacy services to hospitals and health systems, offering remote medication order review and 24/7 pharmacist coverage that directly overlaps with HPM's core offering.
• Cardinal Health: Major healthcare services company with hospital pharmacy solutions including remote medication order verification, prospective review, and centralized pharmacy services that compete directly with HPM's remote pharmacy coverage model.
• Comprehensive Pharmacy Services (CPS): Provides outsourced hospital pharmacy management, staffing, and remote order review services to acute care hospitals and health systems, making it one of the closest functional comparables to HPM.

Broad incumbents

• Swisslog Healthcare: Pharmacy automation and medication management solutions provider (including the former Talyst), offering hospital pharmacy software and automation that competes with HPM for the hospital pharmacy technology and services budget.
• Omnicell: Provider of medication management and pharmacy automation solutions for hospitals, offering automated dispensing, IV compounding, and central pharmacy software that competes for the same hospital pharmacy operational budget.
• BD (Becton Dickinson): Global medical technology company with pharmacy automation and medication management solutions (including Pyxis), serving hospitals with a broad portfolio that competes for the same hospital pharmacy budget as HPM.
• McKesson: Large pharmaceutical distributor and healthcare services provider with hospital pharmacy solutions including central fill, specialty distribution, and consulting services that compete with HPM from a broad portfolio position.
• Cencora (AmerisourceBergen): Pharmaceutical distribution and consulting services company with hospital and health system pharmacy offerings, including specialty distribution and pharmacy optimization that overlap with HPM's service categories.

Emerging players

• RxLive: Telepharmacy startup providing remote clinical pharmacist services to healthcare organizations, with a more limited scope than HPM but overlapping in the remote pharmacist coverage category.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hospital-pharmacy-management-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Hospital Pharmacy Management