Institutional Pharmacy Inc Salary

As of July 2026, the average annual salary for employees at Institutional Pharmacy Inc in the United States is $82,932. This translates to an approximate hourly wage of $40. Salaries at Institutional Pharmacy Inc typically range from $72,833 to $94,288 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Institutional Pharmacy Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Institutional Pharmacy Inc. Based on our data, the highest paying job is the DIRECTOR OF NURSING, with an annual salary of $266,734. The table below outlines the annual salary ranges for most popular roles within the company.

Second Shift Unit Coordinator--LPN/RN

$90,335 / year

Salary Range: $80,168 - $103,552

Production Test

Health Information Coordinator (Medical Records)

$83,608 / year

Salary Range: $71,723 - $96,731

Facilities Management

Activities Aide

$35,686 / year

Salary Range: $32,068 - $39,581

Resident Care

Registered Nurse

$106,521 / year

Salary Range: $98,155 - $116,878

Nursing

Food Service Aide

$82,649 / year

Salary Range: $72,523 - $95,174

Food Service

Admissions Director

$69,288 / year

Salary Range: $61,260 - $78,073

Admissions

Turn Insight into Opportunity: Current Job Openings

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About Institutional Pharmacy Inc: Company Profile

Website
www.forchtgroup.com
Founded In
2007
Employees
1,000 - 3,000 employees
Industry
Healthcare
Headquarter Location
KEAVY
Revenue
$200 Million - $500 Million
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Institutional Pharmacy Inc's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Excellent benefits and opportunities to grow within the organization. It’s a place where employees can thrive while making a real difference. Not a place for visionaries, but dependable for those seeking consistency and routine. This healthcare provider supports a culture of continuous improvement and employee engagement. They handle everything—from scheduling to treatment—with care and precision.
Training is thorough, and new hires are welcomed warmly. For expecting mothers, their maternity program offers personalized birth plans and excellent education. There’s a sense of stability here, which is appealing to many. Policies are clear but sometimes overly strict.
Truly exceptional work experience from other dedicated staff. The positive and inclusive company culture is a standout feature. As long as you manage your own schedule and tasks, things run relatively smoothly day-to-day. Workload is manageable, but advancement opportunities materialize in certain roles. However, process improvements are often reactive. They explain procedures clearly, provide upd...
The culture encourages compassion, accountability, and growth. The quality of care rivaled academic medical centers at a fraction of the cost. Technology integration is cutting-edge, improving both patient outcomes and staff efficiency. I feel proud to be on this team.

Is Institutional Pharmacy Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Institutional Pharmacy Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
INGALLS FAMILY CARE CENTER $91,252
+10.0%
Adjusted for higher cost-of-living indices in INGALLS FAMILY CARE CENTER's primary metro hubs.
MCGREW REAL ESTATE - PA $85,942
+3.6%
Supported by MCGREW REAL ESTATE - PA's high-margin contracts allowing higher overhead.
RX GAMES $88,681
+6.9%
Driven by niche technical certifications required for RX GAMES's specialized projects.
REISBECK'S PHARMACY $86,567
+4.4%
Reflects structural premiums typical of REISBECK'S PHARMACY's large-cap national operations.
Healthcare Industry $121,907
+47.0%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

What Is the Cost of Living Near Lexington?

Understanding the cost of living near Lexington is key to truly evaluating a salary offer or your current compensation at Institutional Pharmacy Inc.
Lexington's Cost of Living Index is approximately 90.5 (9.5% less expensive than US average; 2.6% less than KY average). 'Horse Capital', Univ. of Kentucky, housing affordable. Lextran bus. When planning your budget based on a salary from Institutional Pharmacy Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,500+ A significant portion of Institutional Pharmacy Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (Lextran monthly pass, free for UK) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $360 - $680+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Institutional Pharmacy Inc

FAQ 1: What is the typical salary range (low to high) for most roles at Institutional Pharmacy Inc?
The typical annual salary range for most roles at Institutional Pharmacy Inc is approximately from $72,833 to $94,288. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
FAQ 2: How much does Institutional Pharmacy Inc pay compared to INGALLS FAMILY CARE CENTER?
The average annual salary at Institutional Pharmacy Inc is $82,932, or an hourly wage of $40, in comparison to INGALLS FAMILY CARE CENTER which pays $91,251 per year or $44 per hour.
FAQ 3: How does experience level affect salary at Institutional Pharmacy Inc?
Experience level is a significant factor in determining salary at Institutional Pharmacy Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.
FAQ 4: How can I determine if a salary offer from Institutional Pharmacy Inc in Lexington is fair given the local cost of living?
To determine if a salary offer from Institutional Pharmacy Inc in Lexington is fair, first compare the gross salary to our data for similar roles at Institutional Pharmacy Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Lexington" to understand its purchasing power.
FAQ 5: What factors influence salary increases at Institutional Pharmacy Inc?
Salary increases at Institutional Pharmacy Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.