Randall Lipps is Chairman, President, Chief Executive Officer, and founder of Omnicell. Under his leadership, Omnicell has grown from offering a single product to delivering the most comprehensive portfolio of medication management solutions across the continuum of care. The company is now building on its success in advanced automation, data intelligence, and expert services to fulfill its vision of the Autonomous Pharmacy.
Mr. Lipps founded Omnicell in 1992 after observing how inefficiently medical supplies were managed when his daughter was hospitalized at birth. Inspired by his work in airline industry operations and logistics, he sought to enable better management of supplies and medications in order to improve patient care.
Omnicell became a publicly traded company in August 2001, and today the company’s award-winning solutions are used in over 5,000 hospitals throughout the world and in over 40,000 institutional and retail pharmacies. Omnicell has been recognized as one of the top 150 Silicon Valley companies, as measured by market capitalization, by the San Jose Mercury News.
In 2014 Mr. Lipps was elected to the Bellwether League Hall of Fame. The Bellwether League is an industry organization that honors healthcare supply chain innovators, pioneers, and visionaries.
Mr. Lipps has made giving back to the community a priority at Omnicell, and the company has contributed funds and other assistance in response to natural disasters and to support other causes such as Mercy Ships, which delivers free healthcare to some of the poorest people in the world. Mr. Lipps and his wife, Kathy, have focused their own philanthropy on poverty, nursing and public education, pharmacy research, youth groups, and local community efforts.
Prior to founding Omnicell, Mr. Lipps was Assistant Vice President of Sales and Operations for a division of American Airlines.
Throughout his Omnicell career, Mr. Lipps has remained involved in healthcare industry organizations. He is a member of the Board of Trustees of the American Nurses Foundation. He previously served on the University of California, San Francisco (UCSF) School of Nursing Board of Overseers and the American Society of Health-System Pharmacists (ASHP) Foundation Board of Directors.
A longtime supporter of start-up enterprises, Mr. Lipps is on the Advisory Board of Launchpad Digital Health, an early stage investor and mentor in digital health, and RexPay, a company focused on simplifying medical bill payment. He previously served on the boards of Invuity and Candescent Health.
Mr. Lipps holds bachelor’s degrees in both Economics and Business Administration from Southern Methodist University.
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