Bellevue company's software designed to deter medical mistakes

What: Pharmacy OneSource, based in Bellevue

Who: Tim Gibbons, 47, president and CEO, co-founder

Mission: Develop software designed to provide relevant clinical-patient data to caregivers.

Employees: 84

Financials: The company said it's been profitable since 2003; sales exceeded more than $12 million last year.

Critical data: Gibbons said Pharmacy OneSource is designed to prevent such situations as surgeons performing the wrong operation or patients being given the wrong medicine. "A lot of hospital systems are not integrated," he said. "When they buy a lab system and a pharmacy system, they are not integrated very well to pull that data together. We build the integration pieces that allow clinicians to track patient information."

Humble beginnings: Founded in 2000, Pharmacy OneSource was launched without any venture capital. "We bootstrapped the business," said Gibbons. "We've built a very profitable, medium-sized software company over that period of time without having to go out to the equity markets." According to Gibbons, 60 percent of the company is owned by the management.

Expanding horizons: The company's first product, Quantifi, was an activity-based reporting system for pharmacies. Since then, the company has branched out to integrate various kinds of information in hospitals.

Next? "The market for patient surveillance and infection preventions — MRSA and sepsis — is really hot stuff right now," said Gibbons. "Our plan is that over the next two or three years we'd like to be north of $60 million in annual revenues. We're growing right now at a 40 to 50 percent clip and we've added 24 employees in the past six months."

— Patrick Marshall