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Noventi Health SE is a 100 percent pharmacy-owned group of companies headquartered in Munich. [1] It offers software, hardware, financial services and digital platforms for healthcare providers in the European healthcare market. The software and finance company's business revenue totaled 203 million euros in 2020. [2]
The company was founded in 1900 by the Verein der Apotheker Münchens e.V. (Association of Munich Pharmacists) as an interest group for local pharmacies, transformed in 1967 into Verrechnungsstelle der Bayerischen Apotheken e.V. (VBA) and in 1971 into VSA Verrechnungsstelle der Süddeutschen Apotheker e.V. In 1983, the billing business was outsourced to VSA GmbH; VSA e.V. changed its name to FSA e.V., which is still the sole shareholder of Noventi Health SE today. [3] [4]
In the 1990s, Noventi's core business, at that time billing for inpatient pharmacies, was expanded through strategic acquisitions and by adding the Other Service Providers business area. In 2014, Noventi entered the care sector with a majority stake in Noventi Care GmbH. [4]
In 2016, Noventi restructured into a holding company with 27 subsidiaries and strategic investments within Europe, distributed across the umbrella companies Noventi Health SE and Noventi GmbH. In 2020, the two sister groups were merged to form Noventi Health SE. [5] The share capital of Noventi Health SE increased from 2 to 45 million euros as a result of the merger. The sole shareholder continues to be FSA e.V., which helps shape the holding company's development and entrepreneurial decisions via the supervisory board. [4]
The subsidiaries of Noventi Health SE primarily focus on providing services, notably including prescription billing, logistics, and software solutions such as ERP systems tailored to healthcare providers, including pharmacies. NOVENTI stands as Germany's largest provider of ERP systems, with an annual processing volume of approximately 200 million paper prescriptions, representing nearly half of the nation's total medical prescriptions. In the fiscal year 2021, gross prescription sales surpassed 30 billion euros. Moreover, NOVENTI HealthCare GmbH extends its offerings to encompass financial services tailored to healthcare providers, in addition to merchandise management and prescription billing.
The holding company, along with its strategic investments and subsidiary entities, actively engages in the development and deployment of IT solutions to support customers in their digital transformation endeavors. Noventi HealthCare undertook software development tasks as part of the GERDA pilot project [6] - an ePrescription initiative. In 2019, Noventi completed Germany's inaugural ePrescription billing via the GERDA pilot project. [7] Furthermore, Noventi contributes to the integration of German pharmacies into the requisite telematics infrastructure (TI) for ePrescription implementation, offering its own TI equipment package. [8]
Expanding its collaborative efforts, in 2021, Noventi Health SE established a joint venture with pharmaceutical wholesaler Phoenix to jointly operate the health portal gesund.de. [9] [10]
Pharmacy is the science and practice of discovering, producing, preparing, dispensing, reviewing and monitoring medications, aiming to ensure the safe, effective, and affordable use of medicines. It is a miscellaneous science as it links health sciences with pharmaceutical sciences and natural sciences. The professional practice is becoming more clinically oriented as most of the drugs are now manufactured by pharmaceutical industries. Based on the setting, pharmacy practice is either classified as community or institutional pharmacy. Providing direct patient care in the community of institutional pharmacies is considered clinical pharmacy.
Apothecary is an archaic English term for a medical professional who formulates and dispenses materia medica (medicine) to physicians, surgeons and patients. The modern terms 'pharmacist' and 'chemist' have taken over this role.
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Catamaran Corporation is the former name of a company that now operates within UnitedHealth Group's OptumRX division. It sells pharmacy benefit management and medical record keeping services to businesses in the United States and to a broad client portfolio, including health plans and employers. Working independently of the government and insurance companies allowed it to operate as a third party verifier; the RxCLAIM online claim processing system allowed for prescription drug claims to be processed online if the customer lived in and filled his/her prescription in the United States. SXC had three separate but interrelated business segments which dealt with prescription drug programs. For 2013, 23% of company revenue came from Cigna Corporation.
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EMIS Health, formerly known as Egton Medical Information Systems, supplies electronic patient record systems and software used in primary care, acute care and community pharmacy in the United Kingdom. The company is based in Leeds. It claims that more than half of GP practices across the UK use EMIS Health software and holds number one or two market positions in its main markets. In June 2022 the company was acquired by Bordeaux UK Holdings II Limited, an affiliate of UnitedHealth's Optum business for a 49% premium on EMIS's closing share price.
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