About MedImpact Healthcare Systems
MedImpact Healthcare Systems is a company based in San Diego (United States) founded in 1989 by Frederick Howe.. MedImpact Healthcare Systems has raised $1.38 million across 1 funding round. The company has 1,824 employees as of December 31, 2022. MedImpact Healthcare Systems has completed 2 acquisitions, including Elixir and ScriptSave. MedImpact Healthcare Systems offers products and services including Mobile App, Home Delivery, and Rx Portal. MedImpact Healthcare Systems operates in a competitive market with competitors including Express Scripts, Truveris, Prescryptive Health, Waltz Health and RxBenefits, among others.
- Headquarter San Diego, United States
- Employees 1824 as on 31 Dec, 2022
- Founders Frederick Howe
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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 Medimpact Healthcare Systems, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.38 M (USD)
in 1 rounds
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Latest Funding Round
$1.38 M (USD), Unspecified
Sep 19, 2013
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Investors
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Employee Count
1824
as on Dec 31, 2022
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Investments & Acquisitions
Elixir
& 1 more
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Products & Services of MedImpact Healthcare Systems
MedImpact Healthcare Systems offers a comprehensive portfolio of products and services, including Mobile App, Home Delivery, and Rx Portal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for tracking prescriptions and setting reminders for users.
Service for delivering medications directly to members.
Web portal for managing pharmacy benefits and claims.
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Leadership Team
20 people
Finance and Accounting
19 people
Software Development Team
16 people
Legal and Compliance
15 people
Clinical Team
11 people
Human Resources and Administration
10 people
Data Analysis and Operations Team
9 people
Operations Team
8 people
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Funding Insights of MedImpact Healthcare Systems
MedImpact Healthcare Systems has successfully raised a total of $1.38M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $1.38 million completed in September 2013. 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 Total Funding
- Total Rounds 1
- Last Round Unspecified — $1.4M
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First Round
First Round
(19 Sep 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2013 | Amount | Unspecified - MedImpact Healthcare Systems | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by MedImpact Healthcare Systems
MedImpact Healthcare Systems has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Elixir and ScriptSave. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Health insurance services are delivered online by Elixir.
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2001 | ||||
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Prescription drug discounts and benefits are administered retail-centrically for consumers.
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MedImpact Healthcare Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medimpact Healthcare Systems Comparisons
Competitors of MedImpact Healthcare Systems
MedImpact Healthcare Systems 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 Express Scripts, Truveris, Prescryptive Health, Waltz Health and RxBenefits, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Pharmacy benefit management services are delivered through SaaS platforms.
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| domain | founded_year | HQ Location |
HealthTech Analytics and Validation platform
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| domain | founded_year | HQ Location |
A platform for pharmacy benefit management solutions is provided.
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| domain | founded_year | HQ Location |
Prescription costs are managed via AI for payers and consumers.
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| domain | founded_year | HQ Location |
Services and consultancy for pharmacy benefit management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medimpact Healthcare Systems
Frequently Asked Questions about MedImpact Healthcare Systems
When was MedImpact Healthcare Systems founded?
MedImpact Healthcare Systems was founded in 1989 and raised its 1st funding round 24 years after it was founded.
Where is MedImpact Healthcare Systems located?
MedImpact Healthcare Systems is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of MedImpact Healthcare Systems?
Frederick Howe is the current CEO of MedImpact Healthcare Systems. They have also founded this company.
Is MedImpact Healthcare Systems a funded company?
MedImpact Healthcare Systems is a funded company, having raised a total of $1.38M across 1 funding round to date. The company's 1st funding round was a Unspecified of $1.38M, raised on Sep 19, 2013.
How many employees does MedImpact Healthcare Systems have?
As of Dec 31, 2022, the latest employee count at MedImpact Healthcare Systems is 1,824.
What does MedImpact Healthcare Systems do?
Founded in 1989 and headquartered in San Diego, United States, MedImpact Healthcare Systems operates in the pharmacy benefit management sector. Services encompass claims processing, manufacturer contract management, retail and mail network oversight, specialty management, and cost, quality, and outcomes analysis. Additional offerings include the iRx program, MedImpact Direct, MedPatterns data integration, refill reminders, and health insurance marketplace support. Pharmacy benefits are managed for over 50 million lives worldwide.
Who are the top competitors of MedImpact Healthcare Systems?
MedImpact Healthcare Systems's top competitors include Truveris, Express Scripts and Waltz Health.
What products or services does MedImpact Healthcare Systems offer?
MedImpact Healthcare Systems offers Mobile App, Home Delivery, and Rx Portal.
How many acquisitions has MedImpact Healthcare Systems made?
MedImpact Healthcare Systems has made 2 acquisitions, including Elixir, and ScriptSave.