CoverMyMeds
Founded Year
2008Stage
Acquired | AcquiredTotal Raised
$250KValuation
$0000About CoverMyMeds
CoverMyMeds is the nation's largest Electronic Prior Authorization (ePA) solution and one of the fastest growing healthcare technology companies in the US. They help physicians, pharmacists and their staff complete ePA requests for any drug and all health insurance plans at the point of prescribing. The CoverMyMeds solution integrates with nearly 48,000 pharmacies, more than 500 EHR systems and payers representing more than 75 percent of U.S. prescription volume to create the most efficient electronic prior authorization (ePA) strategy for all participants. With more than 1.5 million PA requests submitted each month, CoverMyMeds is the only vendor using the ePA NCPDP SCRIPT Standard at scale.
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Research containing CoverMyMeds
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned CoverMyMeds in 1 CB Insights research brief, most recently on Nov 10, 2023.
Nov 10, 2023
The health insurance tech stack market mapExpert Collections containing CoverMyMeds
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CoverMyMeds is included in 3 Expert Collections, including Value-Based Care & Population Health.
Value-Based Care & Population Health
1,083 items
The VBC & Population Health collection includes companies that enable and deliver care models that address the health needs for defining populations along the continuum of care, including in the community setting, through participation, engagement, and targeted interventions.
Conference Exhibitors
5,302 items
Digital Health
10,585 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
CoverMyMeds Patents
CoverMyMeds has filed 10 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
7/31/2020 | 11/15/2022 | Grant |
Application Date | 7/31/2020 |
|---|---|
Grant Date | 11/15/2022 |
Title | |
Related Topics | |
Status | Grant |
Latest CoverMyMeds News
Sep 1, 2023
Construction has wrapped up on the second of fraternal twin buildings in the $240 million development in Franklinton.
CoverMyMeds Frequently Asked Questions (FAQ)
When was CoverMyMeds founded?
CoverMyMeds was founded in 2008.
Where is CoverMyMeds's headquarters?
CoverMyMeds's headquarters is located at 2 Miranova Pl, Columbus.
What is CoverMyMeds's latest funding round?
CoverMyMeds's latest funding round is Acquired.
How much did CoverMyMeds raise?
CoverMyMeds raised a total of $250K.
Who are the investors of CoverMyMeds?
Investors of CoverMyMeds include McKesson, Francisco Partners, SaaS Capital and JumpStart.
Who are CoverMyMeds's competitors?
Competitors of CoverMyMeds include Arrive Health and 3 more.
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Compare CoverMyMeds to Competitors
Voluware provides cloud-based workflow optimization and automation solutions for administrative healthcare transactions. Its VALER platform streamlines and automates prior authorizations, eligibility verification, and referrals document management in one, easy-to-use workspace. The company was founded in 2011 and is based in Huntington Beach, California.
Myndshft is a company that focuses on automating prior authorizations in the healthcare industry. The company offers a platform that uses artificial intelligence and machine learning to automate processes such as eligibility and benefits verification, coordination of benefits, insurance discovery, patient financial responsibility, and prior authorizations. This platform primarily serves sectors such as healthcare providers, pharmacies, payers, and drug manufacturers. It was founded in 2015 and is based in Mesa, Arizona.
eBlu Solutions is a software company focused on the healthcare sector. The company offers a single portal software solution that streamlines the processes needed for healthcare practices to support patients who require high-cost infusion and injection treatments. This includes real-time benefit investigation, electronic prior authorization, and connecting patients to manufacturer savings programs. The company primarily serves specialty healthcare providers, pharmaceutical manufacturers, and payers. It was founded in 2012 and is based in Louisville, Kentucky.
FastAuth is a company focused on reducing administrative burdens in the healthcare sector through process automation and expert support. The company offers a platform that automates various manual steps in the prior authorization process, enabling healthcare providers to manage authorizations, predict service approvals through real-time analytics, and discover specific payer requirements in real-time. FastAuth primarily serves the healthcare industry. It is based in Philadelphia, Pennsylvania.
Surescripts is a company focused on health intelligence sharing in the healthcare sector. The company offers services such as intelligent prescribing, clinical interoperability, benefits and authorizations, care team evolution, value-based care, and specialty medications, all aimed at increasing patient safety, lowering costs, and improving the quality of care. Surescripts primarily serves sectors such as chain pharmacies, EHR vendors, health plans, health systems, healthcare analytics vendors, long-term and post-acute care, patient access vendors, PBMs, pharmacy technology vendors, and specialty pharmacies. It is based in Arlington, Virginia.
Cohere Health aims to improve the experience of patients, providers, and health plans, increase the quality of care delivered, lower costs, and increase transparency across the care journey. It was founded in 2019 and is based in Boston, Massachusetts.
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