About Third Wave Recovery Systems
Third Wave Recovery Systems is a company based in Las Vegas (United States) founded in 2016 by Joel Landau. Third Wave Recovery Systems has raised $139.92 million across 2 funding rounds from investors including WindRose Health Investors. Third Wave Recovery Systems has completed 1 acquisition, including SRX. Third Wave Recovery Systems offers products and services including Rebate Administration, Real-Time Adjudication, Formulary Management, and Analytics and Reporting. Third Wave Recovery Systems operates in a competitive market with competitors including Covera Health, CorEvitas, Agathos, Socially Determined and Kythera Labs, among others.
- Headquarter Las Vegas, United States
- Founders Joel Landau
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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 Third Wave Recovery Systems, 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
$139.92 M (USD)
in 2 rounds
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Latest Funding Round
$120 M (USD), Private Equity Round
Sep 13, 2022
- Investors
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Third Wave Recovery Systems
Third Wave Recovery Systems offers a comprehensive portfolio of products and services, including Rebate Administration, Real-Time Adjudication, Formulary Management, and Analytics and Reporting.
Automates processes to identify and manage drug rebates for savings
Monitors contract adherence to minimize claim denials and errors
Improves clinical and financial outcomes through data-driven formularies
Provides dashboards for informed decision-making on drug spend
People of Third Wave Recovery Systems
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Funding Insights of Third Wave Recovery Systems
Third Wave Recovery Systems has successfully raised a total of $139.92M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $120 million completed in September 2022. 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 Third Wave Recovery Systems
Third Wave Recovery Systems has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include WindRose Health Investors.
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US healthcare investments are managed by private equity firm.
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Investor details for Third Wave Recovery Systems
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Investments & Acquisitions by Third Wave Recovery Systems
Third Wave Recovery Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SRX.
Investment portfolio details for Third Wave Recovery Systems
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Software for controlling pharmacy expenditures is provided by SRX.
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Financial Statements - Third Wave Recovery Systems
Detailed financials for Third Wave Recovery Systems
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Third Wave Recovery Systems Comparisons
Peer comparison for Third Wave Recovery Systems
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Competitors of Third Wave Recovery Systems
Third Wave Recovery 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 Covera Health, CorEvitas, Agathos, Socially Determined and Kythera Labs, among others.
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Data analytics services for healthcare are provided by Covera Health.
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Market strategy, medical affairs, and data analytics services are provided.
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Agathos is a healthcare company that focuses on reducing clinical variation for hospitals and primary care
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Provider of consulting services for healthcare companies.
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Data management and analytics platforms are supplied for healthcare sectors.
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Detailed competitors of Third Wave Recovery Systems
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Latest news on Third Wave Recovery Systems
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Frequently Asked Questions about Third Wave Recovery Systems
Third Wave Recovery Systems was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Third Wave Recovery Systems is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Third Wave Recovery Systems is a funded company, having raised a total of $139.92M across 2 funding rounds to date.
Third Wave Recovery Systems was founded in 2016 and is headquartered in Las Vegas, United States. Operations focus on the pharmaceutical sector, where rebate analysis, data submission, and management solutions are delivered to clients. Services encompass processing and optimizing rebate programs through specialized software and analytics. The company supports healthcare providers and payers in navigating complex reimbursement landscapes across the U.S. market.
Third Wave Recovery Systems's top competitors include Covera Health, Agathos and Socially Determined.
Third Wave Recovery Systems offers Rebate Administration, Real-Time Adjudication, Formulary Management, and Analytics and Reporting.
Third Wave Recovery Systems has made 1 acquisition, including SRX.
Third Wave Recovery Systems has 1 investor. Key investors include WindRose Health Investors.