About CoverMyMeds
CoverMyMeds is a company based in Twinsburg (United States) founded in 2008 by Alan Scantland and Sam Rajan. It operates as a B2B and SaaS. CoverMyMeds has raised $1.25 million across 4 funding rounds from investors including Francisco Partners, SaaS Capital and JumpStart Ventures. The company has 1,267 employees. CoverMyMeds offers products and services including Prior Authorization, Patient Support, and Claim Rejection. CoverMyMeds operates in a competitive market with competitors including NantHealth, SamaCare, TurningPoint Healthcare Solutions, Cohere Health and OncoHealth, among others.
- Headquarter Twinsburg, United States
- Employees 1,267
- Founders Alan Scantland, Sam Rajan
- SectorsHealthcare
- Website covermymeds.com
- Social LinkedIn X Facebook Instagram
- Legal Name Covermymeds, Llc
- Total Equity Funding$1.25M (USD)
in 4 rounds
- InvestorsFrancisco Partners
& 2 more
- Employee Count1,267
Products & Services of CoverMyMeds
CoverMyMeds offers a comprehensive portfolio of products and services, including Prior Authorization, Patient Support, and Claim Rejection.
Streamlines requests to avoid therapy delays for patients.
Offers copay assistance and hub services for medication access.
Helps resolve formulary barriers instantly for therapies.
Funding Insights of CoverMyMeds
CoverMyMeds has successfully raised a total of $1.25M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.25M
- Total Rounds 4
- First Round $250,000
(Jul 2010)
- Investors Count 3
All 4 funding rounds of CoverMyMeds with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2014 | – | Series C | – | Francisco Partners | – |
| Sep 2013 | – | Debt – Venture | – | – | |
| May 2011 | $1M | Seed | – | Jumpstart Ventures | – |
| Jul 2010 | $250,000 | Seed | – | Jumpstart Ventures | – |
3 investors in total: 3 institutional.
Investors in CoverMyMeds
CoverMyMeds has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Francisco Partners, SaaS Capital and JumpStart Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm focused on technology sector | 1999 | franciscopartners.com | San Francisco, United States | |
Venture capital funding is provided to tech startups by JumpStart Ventures. | – | jumpstart.vc | Cleveland, United States | |
- | – | saas-capital.com | - |
Investor details for CoverMyMeds
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of CoverMyMeds
3 people are tracked at CoverMyMeds (3 in leadership); the tracked headcount is 1,267.
| Name | Role | Group |
|---|---|---|
Matt Scantland | Co-founder | Leadership |
Alan Scantland | CEO, Co-Founder | Leadership |
Sam Rajan | Principal, Co-Founder | Leadership |
Complete people profiles for CoverMyMeds
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of CoverMyMeds
3 dated milestones of CoverMyMeds across 6 years, from founding to its latest funding, stage changes and deals.
- Founded CoverMyMeds is founded.
- Funding First funding round of $250K.
- Funding Latest funding round, Series C,.
Competitors of CoverMyMeds
CoverMyMeds operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NantHealth, SamaCare, TurningPoint Healthcare Solutions, Cohere Health and OncoHealth, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nanthealth.com | 2007 | El Segundo, United States | $607.58M | 380 | Bioinformatics platforms are provided for cancer treatment identification. | |
| samacare.com | 2010 | San Francisco, United States | $34.8M | 34 | Platform for managing prior authorization solutions in healthcare is offered. | |
| turningpoint-healthcare.com | 2012 | Lake Mary, United States | $300,000 | 335 | Provider of complex condition management solutions for health plans and providers | |
| coherehealth.com | 2019 | Boston, United States | $150M | – | Prior authorization solutions are provided to enhance patient care. | |
| oncohealth.us | 2009 | Atlanta, United States | $84.5M | – | OncoHealth is focused on delivering oncology-focused digital health solutions. | |
| priorauthnow.com | 2014 | Columbus, United States | – | – | Real-time network for automating healthcare prior authorizations and connections. | |
| glidian.com | 2016 | Palo Alto, United States | – | 40 | Platform to track and submit prior authorization forms | |
| banjohealth.com | 2019 | Boston, United States | $7M | – | AI-based prior authorization solutions are offered to healthcare organizations. |
Detailed competitors of CoverMyMeds
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CoverMyMeds
Websites that share an audience with CoverMyMeds (covermymeds.com).
Websites whose visitors overlap most with CoverMyMeds. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mhrx.com | 71% | – | – | View details | |
| amerisourcebergen.com | 67% | 1.3M | #46,365 | View details | |
| nimblerx.com | 47% | 1.4M | #35,165 | View details | |
| parachutehealth.com | 43% | 712.1K | #70,875 | View details | |
| invicro.com | 41% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for CoverMyMeds
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Covermymeds
Complete news archive for CoverMyMeds
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to CoverMyMeds
10 companies that operate in the same segment as CoverMyMeds (Pharmaceuticals & Distribution), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pharmaceutical products are manufactured and marketed worldwide. | 1891 | Kenilworth, Warwickshire, United Kingdom | – | USD 64.93 B | 781 | |
Therapeutics for neurology, oncology, rare, and endocrinology diseases are developed. | 2014 | New York, New York, United States | USD 1.3 B | USD 8.26 M | 750 | |
Developer of pharmaceutical products for treating multiple diseases | 1980 | Thousand Oaks, California, United States | – | USD 33.23 B | 28,000 | |
Biopharmaceutical research and drug development are conducted globally by AbbVie. | 2012 | Chicago, Illinois, United States | – | USD 61.16 B | 55,000 | |
Traditional pharmaceutical medicines are developed for multiple health fields. | 1876 | United States | – | USD 65.18 B | 47,000 | |
Developer of medicines to treat HIV/AIDS, liver diseases, cancer & others | 1987 | Foster City, California, United States | – | USD 29.45 B | 17,600 | |
Novel therapeutics are discovered using an AI-enabled drug platform. | 2013 | New York, New York, United States | USD 456.66 M | USD 74.68 M | – | |
Treatments for anemia and fibrosis by exploiting connective tissue growth factor (CTGF) and hypoxia-inducible factor (HIF) biology. | 1993 | San Francisco, California, United States | USD 215.5 M | USD 29.62 M | 225 | |
Developer of medical devices, generic pharmaceuticals, and nutrition products | 1888 | Libertyville, Illinois, United States | – | USD 44.33 B | 3,710 | |
Medicines and health products are retailed through pharmacy outlets. | 2006 | Hyderabad, Telangana, India | USD 268.78 M | USD 734.57 M | 25,010 |
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Frequently Asked Questions about CoverMyMeds
CoverMyMeds was founded in 2008 and raised its 1st funding round 2 years after it was founded.
CoverMyMeds is headquartered in Twinsburg, United States. It is registered at Twinsburg, Ohio, United States.
Alan Scantland is the current CEO of CoverMyMeds. They have also founded this company.
CoverMyMeds is a funded company, having raised a total of $1.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Jul 2010.
CoverMyMeds has 1,267 employees.
CoverMyMeds offers technology-based solutions to address barriers in medication access and affordability, including prior authorization and patient support services. It serves pharma companies, providers, pharmacies, and payers by streamlining workflows and reducing delays. Operating under McKesson, it focuses on improving health outcomes through integrated tools for electronic prior authorizations and claim management, though specific locations are not detailed.
CoverMyMeds's top competitors include NantHealth, SamaCare and Glidian.
CoverMyMeds offers Prior Authorization, Patient Support, and Claim Rejection.
CoverMyMeds has 3 investors. Key investors include Francisco Partners, SaaS Capital, and JumpStart Ventures.
CoverMyMeds operates through Covermymeds, Llc.