Omnicell’s New Product

Omnicell, Inc. (OMCL - Analyst Report) recently launched a new product, Omnicell 14.0 with Anywhere RN, a software solution used in conjunction with Omnicell's automated medication dispensing cabinets to ensure safe, efficient and accessible medication management throughout the hospital. South Jersey Healthcare Regional Medical Center has already implemented the new product for its hospital.

Anywhere RN enables nurses to review medication orders from any hospital computer or workstation and select profiled medications for issue from an Omnicell automated dispensing cabinet. Nurses may also utilize the new product to record medication waste and queue return transactions. Anywhere RN is the industry’s first software solution to offer such facilities.

Anywhere RN substantially increases the nurses' ability to access patient medications in a safer and more efficient manner. This is evident at South Jersey Healthcare Regional Medical Center where time spent at the automated medication dispensing cabinet was lowered by 33%. The new product also optimizes patient safety by reducing the number of interruptions that occur during the medication administration process.

We think that the new product will increase Omnicell’s top-line. Omnicell is a leading provider of systems and software solutions, primarily focusing on end-to-end automation solutions for the medication-use process.

Omnicell’s products are primarily purchased by hospitals and nursing homes which are presently grappling with the current economic scenario of weak credit markets, rising expenses, higher unemployment, and erosion of wealth.

Read the full analyst report on OMCL