Achievement caps a banner year for the company and health system specialty pharmacy growth
ATLANTA, August 17, 2022 –Trellis Rx, LLC, a leading health system specialty pharmacy services provider now part of the CPS Solutions, LLC, family of companies, has been named to the prestigious Inc. 5000 list for the second consecutive year, ranking #754.
The recognition, which honors the nation’s fastest-growing private companies, comes during a milestone year for Trellis Rx and the health system specialty pharmacy industry it serves.
The company and its health system partners now support specialty medication care for tens of thousands of patients—a number that has grown by more than 200 percent over the past several years. In the past year, Trellis Rx expanded its team by more than 40 percent to meet increasing patient demand.
“Most of our team works in person with our health system partners, and every day, we are privileged to see how local specialty pharmacy services enrich patient care,” said Brandon Newman, PharmD, CSP, MMHC, Chief Operating Officer and General Manager of Trellis Rx Solutions at CPS. “This achievement celebrates the extraordinary work our team has done to simplify the often-frustrating specialty medication experience for patients, families, and caregivers. We are grateful for the opportunity to continue helping more patients focus on what matters most—their care.”
The Inc. 5000 list includes the nation’s most successful businesses, selected by company and revenue growth. Trellis Rx’s revenue grew 840 percent over the last three years. Concurrently, the number of hospitals operating specialty pharmacies also increased as healthcare executives discover how the high-value services can relieve converging business pressures, including narrowing operating margins, rising drug expenses, and patient care complexities.
Establishing a successful specialty pharmacy program can be a high-cost, high-effort, and highly skilled undertaking. As a result, many health systems have tapped expert partners like Trellis Rx to help them more quickly and effectively fund, build, operate, and manage their specialty pharmacies.
Recently, these market dynamics caught the attention of CPS, one of the nation’s largest pharmacy and hospital services providers. CPS acquired Trellis Rx earlier this year, just five years after it was established. Together, the company now offers hospitals and health systems a broad range of health services and support across care settings.
“To thrive in an uncertain economic future, hospital and health system leaders must innovate care delivery spanning inpatient, outpatient, and specialty pharmacy settings,” said Frank Segrave, Chairman and Chief Executive Officer of CPS. “The work of the healthcare disruptors included on the Inc. 5000 list, including Trellis Rx, are testament to this pursuit. Combined, our two proven and award-winning teams are eager to build on this success, helping healthcare organizations accelerate long-term growth by creating a better clinical journey for all.”
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
The full Inc. 5000 list, including company profiles and an interactive database sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
To learn more about how Trellis Rx and CPS help hospitals and health systems enhance growth and patient care, please visit https://www.trellisrx.com and https://cps.com.
About Trellis Rx
Trellis Rx, now part of CPS, is a complete specialty pharmacy services solution for health systems looking to enhance the medication therapy experience and drive market-leading clinical outcomes for their patients with chronic and complex conditions. Working side-by-side with health systems, Trellis Rx delivers everything required to rapidly build and expand fully-integrated specialty pharmacy services through a performance-based partnership model designed to ensure results. To learn more about Trellis Rx, visit www.trellisrx.com.
About CPS Solutions, LLC
Founded 50 years ago, CPS Solutions, LLC (CPS) is one of the nation’s largest providers of pharmacy and hospital services – employing over 2,500 pharmacy and healthcare professionals and servicing over 800 hospitals and healthcare facilities nationwide. CPS helps clients tackle complex problems through our suite of solutions across the care continuum. CPS solutions include inpatient pharmacy solutions and specialty and ambulatory pharmacy solutions, pharmacy consulting, 340B services, telepharmacy services, supply chain and materials management services, rehabilitation services, and more. CPS empowers healthcare organizations to achieve operational excellence, drive clinical quality, attain continuous regulatory compliance, and improve bottom-line performance – all while supporting staff, caregivers, patients, and their communities. For more information, visit cps.com.
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Kathryn Edwards, Marketing Director