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. Institutional pharmacists counsel patients, provide information and recommendations to prescribers and caregivers, review patients' drug regimens, present in-service educational programs, and oversee medication distribution services -- all in addition to providing medication. The market is dominated by three leading providers. There are many smaller pharmacies as well which belong to purchasing groups to help them to negotiate preferred product pricing. There is a high percentage of Medicare residents in these institutions, causing a major concern for profitability and stability in the business model. Knowledge Source's Institutional Pharmacies Market Overview provides the information you need to gain an understanding of the market and the trends which affect it. Knowledge Source's Institutional Pharmacies Market Overview also identifies more than seventy of the leading market participants in this fragmented market 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. |