Institutional pharmacy describes the range of services provided by pharmacists to residents of nursing homes, hospitals, or hospice environments. In their role as medication therapy experts, institutional pharmacists take responsibility for their patients' medication-related needs; ensure that their patients' medications are the most appropriate, the most effective, the safest possible, and are used correctly; and identify, resolve and prevent medication-related problems that may interfere with goals of therapy. A variety of factors are affecting the institutional pharmacy industry. With an aging population and the extension of drug coverage to a greater number of individuals through Medicare Part D, the consumption of pharmaceuticals by residents of long-term care facilities is likely to increase in the future. The institutional market is dominated by Omnicare and PharMerica, who combine to serve approximately half of the market. Numerous regional and local institutional pharmacies comprise the remainder of the market. Knowledge Source's 2007 Institutional Pharmacies Market Overview provides the information you need to gain an understanding of the Institutional Pharmacy market and the trends which affect it. Knowledge Source's 2007 Institutional Pharmacies Market Overview also identifies more than fifty of the leading market participants and provides a brief profile on each company which includes (when available): company background, company strategy, financial and statistical information, products and services and recent activities. |