Prescription-focused Waltz Well being launched Tuesday with $35.4 million in Collection A funding. The spherical was led by GV, with participation from Outline Ventures, Echo Well being Ventures, Blue Enterprise Fund, Byers Capital, Twine Ventures and particular person healthcare government buyers.
The startup’s first product known as Market Search, a search engine that pharmacies can present to their shoppers that makes use of information from completely different drug low cost packages to search out lower-cost medicines. It plans to make use of the capital to scale the enterprise, rent new staff members and spend money on product growth.
“We’re working with the prevailing drug provide chain construction to realign incentives, decrease prescription drug costs and provides energy again to healthcare shoppers. Our mission begins with giving shoppers visibility into obtainable packages to economize on life-saving medicines by partnering with their pharmacies,” Mark Thierer, cofounder and CEO of Waltz Well being, mentioned in an announcement.
Thierer served as CEO of pharmacy profit supervisor OptumRx after UnitedHealth Group acquired fellow PBM Catamaran, the place he was chairman and CEO.
“Our technique is to ship software-driven options to unravel the most important pharmaceutical challenges shoppers and payers face. Our Waltz Well being know-how staff has a fame for creating software program at scale to unravel the hardest issues in right now’s PBM market.”
Impiricus scored $3 million in a seed funding spherical led by FCA Enterprise Companions with participation from Floor Ventures for its doctor digital assistant.
In accordance with the startup’s web site, its app builds a dashboard of doctor duties, delivers instructional assets and connects to an in-person staff that may deal with affected person requests like working with specialty pharmacies and producers to search out lower-cost medicines.
“FCA Enterprise Companions is dedicated to figuring out and supporting healthcare know-how corporations which can be poised to ship important worth by means of a breakthrough resolution, and to take action whereas constructing a sustainable enterprise mannequin,” FCA Enterprise Companions’ Todd Johnson mentioned in an announcement.
“Impiricus clearly suits this class. Their excellent management has developed novel instruments for pharmaceutical corporations and physicians to extra successfully and effectively join as a way to higher serve their sufferers.”
Well being tech enterprise capital agency Flare Capital Companions introduced Tuesday it had closed its third fund with a complete of $350 million.
The VC mentioned its buyers are enthusiastic about applied sciences for value-based care, cellular instruments, huge information analytics and safe infrastructure.