Randall A. Lipps is the Chairman, President, and CEO of Omnicell, a company specializing in automated pharmacy and medication management solutions. He has a Bachelor's degree in Business Administration and has been with Omnicell since its inception in 2000. Under...

Randall A. Lipps is the Chairman, President, and CEO of Omnicell, a company specializing in automated pharmacy and medication management solutions. He has a Bachelor's degree in Business Administration and has been with Omnicell since its inception in 2000. Under his leadership, the company has seen significant growth and innovation, reflecting his commitment to improving healthcare management through technology. In 2023, Lipps earned a total compensation of over $11 million, primarily driven by performance-based cash bonuses, showcasing how Omnicell's success aligns with executive pay. Despite not vesting stock in recent years, his focus has remained on cash compensation tied to the company’s performance metrics like revenue growth and EBITDA. Lipps is also known for a long-term cash incentive plan that encourages organic revenue growth and strategic acquisitions. His strategy at Omnicell has helped it have a future-focused vision, aiming for substantial growth in healthcare technology.