About PARx Solutions
PARx Solutions is a Healthcare company based in Boston (United States) founded in 2007. Prior authorization processes are streamlined for pharmacies via web-based tools. PARx Solutions has raised $4.41 million across 2 funding rounds. The company has 23 employees. PARx Solutions offers products and services including PASS. Its focus areas include HealthTech, Pharmacy IT, Dispensing Management and Prior Authorization. Its legal entity is PARX SOLUTIONS, INC. Its competitors include CoverMyMeds, Onetime Soft and CloudTop Health; 2 of its 3 listed competitors have raised funding.
Company details
PARx Solutions was founded in 2007 in Boston, United States, operating in the healthcare technology sector. A Prior Authorization Support System (PASS) is provided to simplify the prior authorization process for prescribers, office staff, and patients. Partially completed PA forms are automatically supplied by pharmacies to prescribers through integrated pharmacy software. The solution is offered free to prescribers and pharmacies, focusing on workflow efficiency in the United States.
- Headquarters Boston, United States
- Employees 23
- SectorsHealthcare
- Website parxsolutions.com
- Social LinkedIn
- Legal Name Parx Solutions, Inc
- Total Equity Funding$4.41M (USD)
in 2 rounds
- Latest Funding Round$4.41M (USD), Series A
May 2015
- Employee Count23
Products & Services of PARx Solutions
PARx Solutions offers a comprehensive portfolio of products and services, including PASS.
System for efficient electronic prior authorization submissions.
Funding Insights of PARx Solutions
PARx Solutions has successfully raised a total of $4.41M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.41 million completed in May 2015. 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 $4.41M
- Total Rounds 2
- Last Round Series A — $4.41M
- First Round $750,000
(Mar 2013)
All 2 funding rounds of PARx Solutions 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 |
|---|---|---|---|---|---|
| May 2015 | $4.41M | Series A | – | – | – |
| Mar 2013 | $750,000 | Debt – Conventional | – | – | – |
People of PARx Solutions
12 people are tracked at PARx Solutions (8 in leadership, 1 in board & advisors, 3 in team); the tracked headcount is 23.
| Name | Role | Group |
|---|---|---|
Robert Bain | EVP, Founder & Chief Commercial Officer | Leadership |
Scott Chandler | Director of Information Technology | Leadership |
Tonya Rolison | Director Of Operations | Leadership |
Nick Leighton | SVP & Chief Information Officer | Leadership |
Howie Rodenstein | Chief Financial Officer | Leadership |
Daniel Rubin | President & CEO | Leadership |
Mark Ovaitt | VP, Sales | Leadership |
Nicole (Kukawski) Hixon | Vice President, Product | Leadership |
Michael Evanisko | Chairman | Board & advisors |
Michael Pudlowski | Account Manager | Team |
Michael Ezekiel | Software Engineer | Team |
John Doster | SVP, Operations | Team |
Complete people profiles for PARx Solutions
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 PARx Solutions
3 dated milestones of PARx Solutions across 8 years, from founding to its latest funding, stage changes and deals.
- Founded PARx Solutions is founded.
- Funding First funding round of $750K.
- Funding Latest funding round, Series A, of $4.4M.
Competitors of PARx Solutions
PARx Solutions has 3 listed competitors in our database, 2 of them funded. They include CoverMyMeds, Onetime Soft and CloudTop Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| covermymeds.com | 2008 | Twinsburg, United States | $1.25M | 1,267 | Provides solutions for medication access, affordability, and prior authorization in healthcare. | |
| rx30pr.com | 2011 | Carolina, Puerto Rico | Computerized services are provided to community pharmacies for operational efficiency. | |||
| cloudtophealth.com | 2019 | Tampa, United States | $35,000 | Prior authorization prescription solutions are provided for patients and pharmacies. |
Detailed competitors of PARx Solutions
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 PARx Solutions
The website of PARx Solutions (parxsolutions.com) receives about 3.1K visits a month.
- Monthly visits3.1K
▲ 30.3% vs previous month
Websites whose visitors overlap most with PARx Solutions. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| maquet.com | 100% | View details | |||
healthbridgeinc.com | healthbridgeinc.com | 97% | – | ||
| askbio.com | 60% | 14.3K | #2,158,975 | View details | |
| biogen.com | 60% | 169.3K | #201,824 | View details |
Top companies in Pharmacy & Healthcare Retail Systems
3 companies that operate in the same segment as PARx Solutions (Pharmacy & Healthcare Retail Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | 802 | ||
Optum is recognized as a leading health solution and care delivery organization. | 2011 | Eden Prairie, Minnesota, United States | USD 250 K | USD 383.36 M | 140 | |
Materials management and business analytics solutions for healthcare are provided. | 1992 | Mountain View, California, United States | USD 20 M | USD 1.18 B | 3,670 |
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Frequently Asked Questions about PARx Solutions
PARx Solutions was founded in 2007 and raised its 1st funding round 6 years after it was founded.
PARx Solutions is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
PARx Solutions is a funded company, having raised a total of $4.41M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $750K, raised on Mar 2013.
PARx Solutions has 23 employees.
PARx Solutions was founded in 2007 in Boston, United States, operating in the healthcare technology sector. A Prior Authorization Support System (PASS) is provided to simplify the prior authorization process for prescribers, office staff, and patients. Partially completed PA forms are automatically supplied by pharmacies to prescribers through integrated pharmacy software. The solution is offered free to prescribers and pharmacies, focusing on workflow efficiency in the United States.
PARx Solutions's top competitors include Onetime Soft, CloudTop Health and CoverMyMeds.
PARx Solutions offers PASS.
PARx Solutions operates through Parx Solutions, Inc.