AMN Healthcare Services, Inc. (NYSE: AHS), the innovator in healthcare workforce solutions and largest provider of staffing services in the nation, announced today it has made a strategic investment in PipelineRx, a leading clinical telepharmacy company.
"Our investment in PipelineRx is a testament to our commitment to investing in innovative solutions to help clients manage their workforce and patient care commitments in the wake of unprecedented changes in the healthcare environment. PipelineRx's telepharmacy offerings address significant healthcare access challenges in a cost-effective manner and increase the quality and safety of care delivered," said Susan Salka, AMN's President and CEO. "We look forward to working closely with PipelineRx to further its mission and identify ways that AMN can leverage our pharmacy staffing division and client relationships to create synergies for both companies."
PipelineRx offers telepharmacy services and technology solutions designed to help hospitals provide cost-efficient pharmacist coverage 24 hours a day with improved patient care. PipelineRx's Clinical Process Outsourcing (CPO) solution uses a private network of quality clinical telepharmacists to replicate and extend the same cognitive clinical roles and responsibilities of a hospital's onsite clinical pharmacists.
PipelineRx also offers its technology as a Software as a Service (SaaS) solutions platform to clients that prefer to use the PipelineRx workflow technology with the hospital's internal pharmacists. This proprietary technology platform optimizes pharmacy operations and labor, streamlines disparate processes, improves financial performance, and helps facilitate government mandates related to verification of electronic physician orders.
"We are pleased to be partnering with AMN Healthcare as we continue to expand the market for our telepharmacy solutions and grow our business in 2014 and beyond. AMN's investment validates our unique approach to improving efficiency in our healthcare system and to drive measurable and enhanced quality of care for patients through the use of cutting-edge technology," said Brian J. Roberts, President of PipelineRx. "With AMN's workforce solutions expertise and staffing services leadership, we look forward to what we can accomplish together to help hospitals achieve financial and patient care goals."
AMN has committed to a $5.0 million investment in staged payments. In conjunction with the investment, AMN also announced that Denise Jackson, General Counsel and Senior Vice President, has joined the PipelineRx Board of Directors. Ms. Jackson will serve as an advisor to the company, drawing upon her experience building AMN's corporate capabilities and nearly 15 years' experience in the healthcare staffing and workforce solutions industry.
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