Principle Pharmacy Group, ranked in September 2003 as the nation's fastest growing pharmacy management company by a national healthcare publication. We are a privately owned end-to-end out sourcing pharmacy management company, providing proven pharmacy solutions for institutional healthcare organizations looking to resolve significant operating inefficiencies. Principle Pharmacy Group provides expert pharmacy management services to all sizes of acute care hospitals located in both urban and rural communities. Additionally, Principle provides services to LTAC and psychiatric hospitals located in all areas of the United States. Principle's services address all issues facing both pharmacy managers and hospital administration including, but not limited to the following:

• STAFFING. Currently there are more than 9,000 vacant pharmacist positions throughout the country. The shortage is continuing and experts do not foresee relief for more than five years. Principle is committed to the ongoing development of its professional and technical staff and uses its career path opportunities to attract and retain highest caliber personnel.

• PHARMACEUTICAL EXPENSE REDUCTION. Pharmaceutical costs continue to escalate at double-digit rates. New therapies, higher utilization and inflation on existing products all contribute to this trend. Principle utilizes its best practices philosophy, formulary development techniques, and pharmacy data management tools to control costs.

• REGULATORY SUPPORT. Pharmacy is one of the most regulated industries in the country. Compliance with legislative and regulatory mandates from the JCAHO, FDA, DEA, and State Boards of Pharmacy are difficult to manage within short-staffed pharmacy departments. Principle uses its corporate approach to regulatory compliance to prepare and maintain its client hospitals with all applicable standards.

• DATABASE MANAGEMENT. A cornerstone of Principle's strategy is to implement vigorous data management programs to ensure measurable operating results through the continuous maintenance and improvement of quality initiatives. The company does not take a retrospective approach; instead, it is a concurrent series of measures that are taken to make certain that Principle's standards for best practices are enterprise-wide, and implemented. To this end, Principle has intentionally centralized Clinical and IT/IS oversight functions.

Pharmacy Services Agreements
Principle's management Agreements are performance based and offer complete and total disclosure of all costs associated with pharmacy operations. Weekly Cost, Clinical and Operational reporting allows Principle's customers to know precisely how the department is functioning, thus allowing for strategic decisions to be made quickly. Principle will tailor its Agreement to meet the individual needs of each client, with a variety of contractual configurations available ranging from the provision of the total pharmacy staff, Director of Pharmacy only, and/or other variations.

There is no other pharmacy management services company as committed to its customers complete satisfaction. Customer references will gladly be provided on request.

Pharmacy Management Providers • Pharmacy Consulting Services

.Pharmacy Management Providers Pharmacy Consulting Services Pharmacy Management Providers Pharmacy Consulting Service

Pharmacy assessments – Existing pharmacies
Ellipticare will use it’s team of experts to assess the ongoing retail or outpatient pharmacy operations and identify sales and profit opportunities that could improve patient care, enhance services and ultimately improve profitability. Our team of experts will examine all aspects of the business to include the benefits of serving discharge patients and employees. The recommendations will be provided in an executive summary and presented to hospitals administration.

Pharmacy assessments – New pharmacies
Ellipticare will assess the viability of opening and successfully operating a retail or outpatient pharmacy at the hospital’s facility. The analysis will include assumption for revenue and expenses based upon the specific dynamics of the location and the population it will serve. Ellipticare’s analysis and recommendations shall be set forth in a 5-year Pro Forma, Cash Flow Statement for the proposed pharmacy and shall be provided in a presentation to hospital senior management.

Consulting
With Ellipticare’s broad breadth of knowledge, many customers engage them for very specific consulting agreements relating to outpatient and retail pharmacies. The length of these engagements vary in length between 1 week to 2 years in duration and are tailored to be very specific to the customer’s requirements.

Examples would include:

• Pharmacy Valuation for resale and purchase
• Store Layout and design
• Site Selection
• Revenue Enhancement
• Margin Improvement
• Pharmacy Information System Support
• Inventory Management
• Work Flow

Pharmacy management
Whether the hospital has one pharmacy or many, Ellipticare can provide management for these pharmacies in a way that allows the hospital to continue to own the pharmacy operation and employees. Ellipticare through it’s affiliation with the Medicine Shoppe International has more than 30 years of experience with the apothecary pharmacy model and can improve profitability, operation and customer service through outpatient and retail pharmacy best practices.