The company was founded in 2002 to provide easytouse, automated medication management systems to acute care hospital pharmacies. By 2009, talyst had installed automated systems in close to 400 acute care hospitals and integrated healthcare companies. Talyst inc competitors and products in the healthcare it. Columbia pacific advisors, llc announces strategic. We have commercial partnerships with some of the most robust third party vendors, and established interfaces with most providers of 340b billing. Columbia pacific advisors has announced that the firms growth capital strategy has acquired the hardware division of talyst, a provider of medication management and dispensing solutions to hospitals and skilled nursing facilities. Talyst is a relatively small company with just over 100 employees, but. The companys solutions provide enterprisewide medication management across the entire health system to achieve greater inventory control, enhanced workflow efficiency, and improved patient safety. Columbia pacific advisors, llc announces strategic investment. Split billing, audit and compliance, contract pharmacy, purchase analytics, vhub. Columbia pacific advisors announces sale of talyst systems.
Follow talysts acute care blog for industry relevant articles written by experts in your. Jun 15, 2009 the following year, talyst launched autopharm, the innovative software platform designed to integrate medication storage, inventory, ordering, barcoding, and clinical systems. Oct 20, 2015 seattlebased talyst announced on tuesday the yearold company is splitting its business and selling its hardware division to seattlebased investment firm columbia pacific advisors. Parata is perceived as one of talyst s biggest rivals. Indeed may be compensated by these employers, helping keep indeed free for jobseekers. Split billing contract pharmacy hospitals community health centers contract pharmacy our contractrx software helps covered entities and contracted pharmacies make the most of the 340b program. The transaction is expected to result in the separation of talysts longterm care and acute care businesses now talyst systems, llc from the 340b software business. Providers said all vendors, except talyst, provided good basic support. Talyst provides automated medication management systems to acute care. Indeed ranks job ads based on a combination of employer bids and relevance, such as your search terms and other activity on indeed. There are over 89 pharmacy 340b analyst careers waiting for you to apply. Aug 08, 2017 talyst is the leader in medication management and pharmacy software providing 340b program auditing solutions and other medical equipment.
Talyst is a relatively small company with just over 100 employees, but its products play a crucial role in health care facilities. There is no one perfect software, as the performance of. Wac drug with a 340b drug for qualified prescriptions only. Backed by our sophisticated qualification engine, our splitbilling and contract pharmacy solutions lead the industry in compliance while maximizing savings. Furthermore, many companies that provide 340b software solutions are not solely focused on the hospital market for 340b and are not dedicating their energies to supporting the hospital markets specific and evolving needs. The 340b drug pricing discount program is a program developed by congress, which requires drug manufacturers to sell outpatient drugs at a discount to safetynet providers, also referred to as qualified covered entities, serving high numbers of lowincome medicare, medicaid and supplemental security insurance patients. Carla corkern will continue to lead the new pharmacy automation business, which will retain the talyst. For almost 10 years, talyst has supported over 400 health systems with their autosplit 340b software. Talyst, a leader in pharmacy automation, is dedicated to engineering the safer pharmacy. Parata was founded in 2001, and is headquartered in durham, north carolina. Talysts offsite tours allow ashp attendees to learn from.
Talyst was awarded as one of washingtons 100 best companies to work for 2009 by seattle business monthly, and is a finalist for the puget sound business journals washingtons best workplaces. Split billing verity solutions verity 340b solutions. Medication management 340b program pharmacy software. Aug 08, 2017 swisslog healthcare acquires talyst systems, will develop pharmacy software at seattlearea office. Columbia pacific advisors, a seattle alternative investment firm, today announces the sale of talyst systems, llc, a market leader in pharmacy automat. Using splitbilling software to simplify 340b ordering w. Now, there is a strong team handling 340b, but the transition of breaking up the 340b business to verity also took a little bit of work. Swisslog healthcare buys talyst systems global medical supply chain company swisslog healthcare has agreed to acquire kirkland, wash. The lowstress way to find your next pharmacy 340b analyst job opportunity is on simplyhired. The following are key points to remember about splitbilling software. Verity solutions has installed its auditready, fully compliant 340b solutions in hundreds of facilities. Talyst competitors, revenue and employees owler company. Talyst competitors, revenue and employees owler company profile.
The company was founded in 2002 to provide easy touse, automated medication management systems to acute care hospital pharmacies. Sep 08, 2009 340b processing software talyst announces its 340b processing and management software, autosplit 340b. Talyst capturerx walgreens sunrx wellpartner rxstrategies. The companys software and services simplify the complex process of maintaining a hundred percent 340b program compliance and results in critical cost savings. The two companies share a similar mission and vision and the talyst portfolio of enterprise software and pharmacy automation products. The following year, talyst launched autopharm, the innovative software platform designed to integrate medication storage, inventory, ordering, barcoding, and clinical systems. Albertsons companies looking for a career in the pharmacy profession. Without hesitation, she built a structure lauching our 340b product and in the beginning talyst was the only one putting direct effort to working in the 340b market. Talyst is the leader in medication management and pharmacy software providing 340b program auditing solutions and other medical equipment. Pharmacy solutions pharmaceutical strategies group. This software can help the entity place orders in appropriate accounts, which should support 340b compliance while still having only one physical inventory. Seattlebased talyst announced on tuesday the yearold company is splitting its business and selling its hardware division to seattlebased investment firm. Find related and similar companies as well as employees by title and much more.
Talyst is the leader in medication management and pharmacy software. Suiterx intelligent pharmacy software ips is designed by pharmacists for pharmacists. The company was founded in 2002 to provide automated medication management systems to acute care hospital pharmacies. Talyst understands a pharmacys need to optimize its 340b savings. The following year, talyst launched autopharma, the innovative software platform designed to integrate medication storage, inventory, ordering, barcoding, and clinical. Talysts revenue is the ranked 7th among its top 10 competitors. The transaction will result in the separation of talysts acute care and longterm care businesses now talyst systems, llc from the 340b software business.
Verity 340b split billing manages qualified pharmaceutical usage and replenishment in 340b eligible healthcare organizations to optimizing returns on qualified transactions while maintaining compliance. Talyst provides an automated software platform that integrates pharmacy barcoding, storage, inventory, ordering, and clinical systems for hospitals, longterm care facilities, and. The following year, talyst launched autopharm, the innovative software. Apply to analyst, contract coordinator, performance analyst and more. Seattle pharmacy automation company talyst splits business. Talyst, 135 ne 122nd way, ste 200, kirkland, wa 2020. Parata is perceived as one of talysts biggest rivals. Swisslog healthcare acquires talyst innovative pharmacy.
Details about your refills, orders, and cost savings are always at your fingertips with our analyticsdriven dashboards and reports. The talyst longterm care division provides solutions that improve on the traditional model of longterm care medication management through infacility, ondemand medication packaging and delivery via automation technology known as the insite system. For more than a decade, talyst has supported over 400 health systems with their autosplit 340b software. Leading providers in 340b solutions, 340b management resources, pharmacy 340b software, 340b drug savings program. The following year talyst launched autopharm, the innovative software platform designed to drive a complete suite of medication storage, packaging, refrigeration, and barcoding hardware. Talyst is dedicated to improving healthcare with innovative medication management systems, software, and services to help caregivers serve patients.
George puckett will be president and ceo of the 340b business, rebranded as verity solutions. Talyst operates medication management and pharmacy software providing program auditing solutions and medical. Verity solutions businessproductivity software company profile. Psg offers a highly differentiated suite of solutions enabling you to expertly manage your 340b program. Your true partner for 340b program administration and compliance. New pharmacy 340b analyst careers are added daily on. An analysis of 340b solutions part i overview this white paper is the first of a threepart series that covers 340b software solutions for hospitals and contract pharmacies from a variety of perspectives. Talyst split billing software companies 340b covered entities examples.
Your 340b program form task forceteam cfofinance members pharmacist purchasing agent compliance it software vendors compose policies and procedures impact to hospital how 340b program benefits patients oversight and audit processes disclosure process and materiality levels personnel responsibilities. Columbia pacific acquires talysts hardware division. The transaction will result in the separation of talysts acute care and longterm care businessesnow talyst systemsfrom the companys 340b software. To qualify for 340b pricing, a prescription must meet the following. Providing the most complete, fully integrated, pharmacy business software, the suiterx ips platform operates solely to maximize patient care, streamline work flow and improve. Talysts expert 340b solutions company background talyst is a market leader in pharmacy automation and your partner in pharmacy operations. Talyst split billing software companies 340b covered.
George puckett vice president pharmacy software, talyst veridikal technology, has been a great strategic technology partner for talyst, they are focused on pharmacy solutions for mutual clients including the university of kentucky for key hrsa and 340b reporting. Swisslog healthcare acquires talyst systems, will develop. Aug 08, 2017 the two companies share a similar mission and vision and the talyst portfolio of enterprise software and pharmacy automation products completes swisslog healthcares pharmacy automation. Medication management 340b program pharmacy software talyst.
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