TAMPA, Fla. - TelAve -- InStockRx announced today that it is releasing a new suite of inventory management solutions geared toward Hospital pharmacy systems, while providing access to a nationwide marketplace for trading surplus medications. Further, the company announced the appointment of Ayoub Chybli as President, InStockRx Enterprise, who will lead new business development with a focus on hospital pharmacy systems.

Chybli is a mission-driven healthcare administrator, with over 23 years of leadership experience in large health systems with complex pharmacy operations. He currently serves on the Advisory Board at the Rueckert-Hartman College for Health Professions at Regis University in Denver, Colorado and is a Fellow of the American College of Healthcare Executives.

"I am thrilled to embark on this new journey as President, InStockRx Enterprise," Chybli said. "This is an exciting opportunity to drive innovation within the pharmacy supply chain, and I look forward to tackling the challenges ahead to improve accessibility and efficiency in healthcare."

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Pharmacy inventory represents a large percentage of a hospital system's operating expenses. According to a report from the American Hospital Association published in 2024, hospitals spent $115 Billion (https://www.aha.org/costsofcaring) in drug expenses in 2023 alone. With the rising drug prices and drug shortages, InStockRx Enterprise (https://www.instockrx.com/enterprise) seeks to combat these pain points within the pharmacy supply chain by offering bespoke solutions for larger organizations like hospital systems. This integrated solution combines professional inventory management, access to a nationwide marketplace and best-in-class software tools.

"Today's launch of InStockRx Enterprise is a key milestone on our path to connect all pharmacies so that they can best collaborate to redistribute medication and serve patients," said Mac Dougherty, CEO of InStockRx. "Under Ayoub's leadership, InStockRx Enterprise will provide the bespoke service and powerful tools that large organizations, like hospital systems, need."

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About InStockRx

InStockRx is an innovative platform dedicated to optimizing pharmacy supply chains by aggregating medication data, identifying surplus, and facilitating redistribution in compliance with the Drug Supply Chain Security Act (DSCSA). Through its marketplace and inventory analytics leveraging AI, InStockRx combats medication waste, enhances efficiency, and addresses drug shortages, setting a new standard in pharmacy distribution.

For more information about InStockRx and its revolutionary data platform, visit instockrx.com.