$1 Million In Funding Closed
August 15, 2014
I am pleased to announce that we have reached a funding milestone of $1 million from notable investors such as Nat Turner and Zach Weinberg, co-founders of Flatiron Health (a Google Ventures led recipient of $130 million in Series B funding), Vivek Garipalli, co-founder of CarePoint Health, Arnold Schaeffer, founder of Spring Valley Capital and an original senior executive at VeriSign, and Galvanize Ventures.
The continued support from investors and partners is a strong indicator that trends toward consumer-directed healthcare and the trend toward shared decision-making and prescription cost savings is on the rise. For example, CMS recently announced they will be adding Accountable Care Organization incentive measures that will include a measure on whether “patients say providers educated them about the cost of medications.” Altarum also recently released a new report that finds that the more engaged patients are, the more likely they are to ask about cost and more likely to use cost-transparency tools. Health economist Jane Sarasohn-Kahn has a nice write-up of the report. According to Jane, “the math calculates to 9 in 10 Americans seeking major roles in medical decisions,” including joint decisions between patients and providers around medications. These are just a few data points in the market that support the upward trajectory of RxREVU.
In the meantime, I want to thank our team, investors and partners for joining us on this journey to make a meaningful and quantifiable difference in the healthcare system. If you are interested in how RxREVU can help your organization reduce medication costs, we invite you to contact us.
Chief Executive Officer
New Team Member
Kyle Wildnauer-Haigney – Kyle has joined the team as Head of Clinical Product Development. He comes to us from DaVita Healthcare Partners where he was a Senior Analyst focusing on strategy and operations innovation. His experience at DaVita includes managing a 10 person cross-functional team in the design, development and implementation of a clinical software application across 2,000 clinics and 50,000 employees, resulting in $2,000,000 in labor efficiencies. We are excited to have Kyle on board to share his business and clinical management expertise as part of our exceptional team.
Ways to connect with Kyle:
August 13, 2014
RxREVU Reaches $1 Million Funding Milestone | Denver Post