Free Market Health, a Pittsburgh, PA-based healthcare technology company, raised $13.5M in Series A funding.
The round was led by Alta Partners and with participation from Highmark Ventures and 653 Investment Partners.
The company intends to use the funds to scales its care-driven marketplace platform.
Led by founder and CEO Joe Cardosi, Chief Technology Officer Mark Conklin, Chief Operating Officer Mike Simas, and Chief Commercial Officer Don Vidic, Free Market Health partners with payers and specialty pharmacies of all sizes to streamline the complex specialty medication fulfillment process to ensure patients have timely access to lifesaving and life altering medications.
The cloud-based marketplace platform complements and augments a payer’s existing processes and vendors to facilitate the timely match of specialty medication referral and pharmacy while balancing the cost and value of care. With Free Market Health, payers are enabling a match to best-fit pharmacies, systematically managing continuity of care when appropriate, and transparently generating meaningful savings. Specialty pharmacies of all types and sizes are gaining fair access to payer-authorized specialty medication referrals that may match their care and business model. And patients are receiving optimized care from accountable specialty pharmacies capable of meeting their needs.