About RxSense
RxSense is a company based in Boston (United States) founded in 2014 by Rick Bates.. RxSense has completed 1 acquisition, including FamilyWize. RxSense offers products and services including RxIQ® Enterprise, RxIQ® Business Intelligence, RxIQ® Price AI, and SingleCare®. RxSense operates in a competitive market with competitors including Express Scripts, Truveris, MedImpact Healthcare Systems, Prescryptive Health and Waltz Health, among others.
- Headquarter Boston, United States
- Founders Rick Bates
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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 Rxsense, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of RxSense
RxSense offers a comprehensive portfolio of products and services, including RxIQ® Enterprise, RxIQ® Business Intelligence, RxIQ® Price AI, and SingleCare®. 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.
Cloud-based tool for fast and flexible claims adjudication.
Provides dashboards for PBM financial management and performance.
Automates pricing to optimize contract guarantees for businesses.
Offers direct-to-consumer prescription savings through a network.
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Leadership Team
19 people
Software Development Team
12 people
Finance and Accounting
11 people
Sales and Marketing
9 people
Operations Team
6 people
Product Management Team
6 people
Service Team
5 people
Legal and Compliance
4 people
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Funding Insights of RxSense
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2020 | Amount | Seed - RxSense | Valuation | Parthenon Capital |
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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 |
Investors in RxSense
RxSense has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Parthenon Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity fund.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RxSense
RxSense has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FamilyWize. 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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Prescription drug savings card and drug prices platform
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2005 |
| 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 - RxSense
| 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 |
Rxsense Comparisons
Competitors of RxSense
RxSense 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, MedImpact Healthcare Systems, Prescryptive Health and Waltz Health, 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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Pharmacy benefit management services are delivered through SaaS platforms.
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HealthTech Analytics and Validation platform
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| domain | founded_year | HQ Location |
Pharmacy benefit management solution for payers, providers and employers
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| domain | founded_year | HQ Location |
A platform for pharmacy benefit management solutions is provided.
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Prescription costs are managed via AI for payers and consumers.
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Services and consultancy for pharmacy benefit management are provided.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rxsense
Frequently Asked Questions about RxSense
When was RxSense founded?
RxSense was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is RxSense located?
RxSense is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of RxSense?
Rick Bates is the current CEO of RxSense. They have also founded this company.
What does RxSense do?
RxSense was founded in 2014 and is based in Boston, United States. Operations are focused on the healthcare sector, with pharmacy benefit management as the core area. Financial solutions are delivered to pharmacies for handling vendor contracts and inventory management. Price variations across suppliers are addressed to support operational efficiency in the pharmaceutical supply chain.
Who are the top competitors of RxSense?
RxSense's top competitors include Truveris, Express Scripts and MedImpact Healthcare Systems.
What products or services does RxSense offer?
RxSense offers RxIQ® Enterprise, RxIQ® Business Intelligence, RxIQ® Price AI, and SingleCare®.
How many acquisitions has RxSense made?
RxSense has made 1 acquisition, including FamilyWize.
Who are RxSense's investors?
RxSense has 1 investor. Key investors include Parthenon Capital.