ORLANDO, Florida–(BUSINESS WIRE)–Transactional data systems (TDS), the leader in pharmacy software solutions, today announced the appointment of Al Farrell as Chief Financial Officer. Farrell will optimize the company’s financial performance as TDS strives to simplify and accelerate the patient journey and improve the pharmacy experience for thousands of pharmacies.
Farrell is well versed in building financial and analytical teams, systems and processes and has a proven track record of improving overall business performance and growth with some of the world’s most recognized companies.
“Al is a financial services strategic and operational framework that has been an executive leader and advisor to companies across a wide range of industries in the United States, Latin America and Asia,” said Jude Dieterman, CEO of TDS. “The pharmacy industry is changing and his vast experience is essential as we continue to innovate as a trusted partner for pharmacies nationwide.”
TDS goes beyond connecting pharmacy management and point-of-sale system to integrating business and clinical operations and provides identified drug therapy management opportunities directly within the pharmacy software system. Pharmacies receive revenue when they perform workflow interventions, medication reviews, and medication synchronization to ensure patients continue their treatment.
“By providing critical information to pharmacies, TDS benefits the entire continuum of care,” Farrell said. “I am excited to join this ecosystem as we work to overcome industry challenges, from being able to operate at the peak of their license to the continued impact of COVID – all of which TDS can help mitigate.”
Farrell is a former investment banker at JP Morgan and Banc of America Securities and served as chief financial officer for a number of PE-backed companies, most recently at Advantage Rent A Car. Throughout his career, he has orchestrated growth and reduced financial risk through mergers and acquisitions, raising capital, and implementing and streamlining financial controls and systems. He earned his BS in Computer Science with a major in Management Information Systems (MIS) and earned his MBA in Finance from the University of Chicago Booth School of Business.
About Transactional Data Systems
For over 40 years, TDS has been dedicated to the success of the pharmaceutical market and the pharmaceutical supply chain. TDS, with its portfolio of products and services including Rx30, Computer-Rx, KloudScript, Pharm Assess and Enhanced Medication Services, provides innovative technology solutions and pharmacy management systems to the pharmaceutical industry. Proudly supporting one of the largest pharmacy install bases in the industry with systems in all 50 states and the Virgin Islands, TDS is the leading provider of pharmacy-focused, patient-centric solutions. For more information about TDS, please visit transactiondatasystems.com.