Bill Blondin
Magnolia, TX (USA)
Role(s):
Founder/Owner/Principal
Altus VMS
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Startup
Location:
Magnolia
Industry:
Healthcare
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Altus VMS will develop and market cloud-based, vendor managed inventory management solutions primarily focused on automating acute care and out-patient hospital supply and pharmacy related medications and products.
There exists a large need for automated storage and retrieval solutions in both principal markets, with the hospital supply market currently exhibiting almost 0% penetration by competition in this area, and pharmacy exhibiting approximately 30% market penetration. With current annual domestic pharmaceutical and supply spending estimated at $100 Billion annually, and average overstocking percentages for non-automated facilities approaching 30%, a large opportunity exists to relieve up to $30 Billion in gross domestic spending for our customers – an average savings of up to approximately $5 Million per hospital per year in the US alone.
Altus VMS's innovative and unique, patentable approach to targeting this market are expected to yield 40% ROI for round one investors, while attaining profitability within 2 years of initial launch.