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 as of December 31, 2019. 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 1267 as on 31 Dec, 2019
- Founders Alan Scantland, Sam Rajan
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Covermymeds, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.25 M (USD)
in 4 rounds
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Latest Funding Round
Not available
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Investors
Francisco Partners
& 2 more
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Employee Count
1267
as on Dec 31, 2019
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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.
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.
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Private equity investment firm focused on technology sector
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Venture capital funding is provided to tech startups by JumpStart Ventures.
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Investor details for CoverMyMeds
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Investments & Acquisitions by CoverMyMeds
Investment portfolio details for CoverMyMeds
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Financial Statements - CoverMyMeds
Detailed financials for CoverMyMeds
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Covermymeds Comparisons
Peer comparison for CoverMyMeds
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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.
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Bioinformatics platforms are provided for cancer treatment identification.
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Platform for managing prior authorization solutions in healthcare is offered.
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Provider of complex condition management solutions for health plans and providers
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Prior authorization solutions are provided to enhance patient care.
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OncoHealth is focused on delivering oncology-focused digital health solutions.
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Detailed competitors of CoverMyMeds
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Latest news on Covermymeds
Complete news archive for CoverMyMeds
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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.
As of Dec 31, 2019, the latest employee count at CoverMyMeds is 1,267.
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.