Waltz Health raises more than $35M for drug cost marketplace and more digital health fundings – What We Know!

Waltz Health raises more than $35M for drug cost marketplace and more digital health fundings

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 traders. 

The startup’s first product is named Market Search, a search engine that pharmacies can present to their customers that makes use of knowledge from completely different drug low cost applications to seek out lower-cost medicines. It plans to make use of the capital to scale the enterprise, rent new group members and spend money on product improvement.

“We’re working with the present drug provide chain construction to realign incentives, decrease prescription drug costs and provides energy again to healthcare customers. Our mission begins with giving customers visibility into obtainable applications to save cash 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 resolve the largest pharmaceutical challenges customers and payers face. Our Waltz Well being know-how group has a popularity for creating software program at scale to resolve 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 line with the startup’s web site, its app builds a dashboard of doctor duties, delivers academic sources and connects to an in-person group that may deal with affected person requests like working with specialty pharmacies and producers to seek out lower-cost medicines.

“FCA Enterprise Companions is dedicated to figuring out and supporting healthcare know-how firms which might be poised to ship vital worth by a breakthrough resolution, and to take action whereas constructing a sustainable enterprise mannequin,” FCA Enterprise Companions’ Todd Johnson mentioned in an announcement.

“Impiricus clearly matches this class. Their excellent management has developed novel instruments for pharmaceutical firms and physicians to extra successfully and effectively join with the intention 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 traders are interested by applied sciences for value-based care, cell instruments, huge knowledge analytics and safe infrastructure.