Home Health The Little-Recognized $1.1B Care Navigator PBM Startup That Simply Scored $100M – The Well being Care Weblog
Health - March 30, 2021

The Little-Recognized $1.1B Care Navigator PBM Startup That Simply Scored $100M – The Well being Care Weblog


Well being Tech

By JESSICA DaMASSA, WTF HEALTH

Regardless of practically 900 employer shoppers (together with massive manufacturers like Burger King, Kroger, and DoorDash), a internet promoter rating of 84, and a brand new pharmacy advantages administration (PBM) program launched mid-pandemic, healthcare navigator startup, Rightway, appears to have come out of left subject with its $100M Collection C fundraise and $1.1B valuation. CEO Jordan Feldman introduces us to the corporate he’s constructed and its fairly spectacular potential to realize double-digit decreases in the price of healthcare for mid- and enormous self-insured employers.

We stroll by means of the enterprise mannequin, speak concerning the well-funded competitors in each the care navigation and PBM areas, and get acquainted with Rightway’s plans for scaling up and attracting new shoppers. An added little level of intrigue? As Rightway seems to be to realize a foothold working with well being plans, Jordan mentions some attention-grabbing ties through its Collection C traders. Whereas the spherical was led by Khosla Ventures, with participation by Tiger International and present traders, it’s Thrive Capital, additionally an investor within the medical health insurance startup Oscar Well being, that sounds prefer it would possibly assist Rightway make its manner into the payer market.



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