About WithMe Health
WithMe Health is a medication guidance company. Replacing legacy pharmacy benefit managers (PBMs), WithMe uses modern technology and datasets to consistently apply and create engaging, individualized medication experiences for employees.
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ESPs containing WithMe Health
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
Companies in this market help payers manage and members navigate prescription and pharmacy benefits. Most focus on cost reductions and transparency in prescription claims, or help manage potential discount and cost reduction programs run by pharmaceutical companies. Some include member engagement functions, regimen adherence tools, or direct engagement with clinical support.
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WithMe Health's Products & Differentiators
Pharmacy Benefit Manager (PBM)
A full-replacement, modern PBM
Expert Collections containing WithMe Health
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
WithMe Health is included in 4 Expert Collections, including Pharma Supply Chain.
Pharma Supply Chain
Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.
Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)
Latest WithMe Health News
Nov 24, 2022
News provided by Share this article Share this article The global pharmacy benefit management market is expected to grow from $506.27 billion in 2021 to $537.78 billion in 2022 at a compound annual growth rate (CAGR) of 6.22%. The pharmacy benefit management market is expected to reach $685.91 billion in 2026 at a CAGR of 6.27%. The pharmacy benefit management market consists of sales of pharmacy benefit management services and solutions by entities (organizations, sole traders, and partnerships) that refer to a collection of businesses that function as intermediaries between insurance companies, pharmacies, and drug distributors. PBMs, ensure that insurers and insurance companies pay reduced prescription costs by negotiating with pharmacists and medicine producers. The main services of the pharmacy benefit management (PBM) are mail-delivery, specialty pharmacy, and preferred network pharmacy. Mail-delivery refers to mail order delivery that directly delivers the medicines to the desired location. These services are provided for different types of PBM. The different types of PBMs are commercial health plans, self-insured employer plans, medicare part D plans, and federal employees health benefits program. These different PBMs cater to major end-users which include pharmacy benefit management organization, mail order pharmacies, retail pharmacies, inpatient pharmacies, and outpatient pharmacies. North America was the largest region in the pharmacy benefit management market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pharmacy benefit management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The rise in the number of people availing insurance significantly contributes to the growth of the pharmacy benefit management market. Insurance provides a solution to deal with the increased medical costs by covering the expenses related to treatment, hospitalization, health check-ups, and hospitalization expenses. Similarly, pharmacy benefit management (PBM) supports end-to-end healthcare products by combining medical as well as pharmaceutical products. This enables the insurers to have extensive information regarding the patients that helps the insurers provide efficient programs to patients. For instance, according to India Brand Equity Foundation (IBEF), new premiums of life insurers registered 22.2% growth in September 2021, up 2.9% from September 2020. Therefore, the rise in the number of people availing of insurance is driving the growth of the pharmacy benefit management market. Strategic Partnerships are a key trend in the pharmacy benefit management market. Strategic partnerships help the organizations enter into a new market and expand by leveraging each other's resources. In February 2021, Navitus Health Solutions, a US-based full-service pharmacy benefit management company, entered into a partnership with WithMe Health, Inc, a US-based contemporary pharmacy benefit manager (PBM) alternative that prioritizes people, results, and overall cost of care. This partnership gives Navitus access to WithMe Health's medication guidance capabilities, which will help employers and members get the most benefit from their medications by ensuring members are on the right medications, and support to stay adherent, and responding to therapy. In January 2022, Centene, a US-based managed care company that provides healthcare solutions to families and individuals, acquired Magellan, a US-based pioneer in handling the health care industry's fastest-growing and most complicated sectors, including special populations, full pharmacy benefits, and other specialty areas, in a $2.2 billion deal. Through this acquisition, Centene will be able to provide whole-health, integrated healthcare solutions to complicated, high-cost populations, resulting in improved health outcomes at reduced costs. The countries covered in the pharmacy benefit management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. Major players in the pharmacy benefit management market are CVS Health
WithMe Health Frequently Asked Questions (FAQ)
When was WithMe Health founded?
WithMe Health was founded in 2018.
Where is WithMe Health's headquarters?
WithMe Health's headquarters is located at 400 S El Camino Real, San Mateo.
What is WithMe Health's latest funding round?
WithMe Health's latest funding round is Corporate Minority.
How much did WithMe Health raise?
WithMe Health raised a total of $40M.
Who are the investors of WithMe Health?
Investors of WithMe Health include Navitus Health Solutions, Oak HC/FT Partners, OMERS Ventures, Shulman Ventures, Section 32 and 3 more.
Who are WithMe Health's competitors?
Competitors of WithMe Health include Rx Savings Solutions, Capital Rx, Waltz Health, SmithRx, Rightway and 11 more.
What products does WithMe Health offer?
WithMe Health's products include Pharmacy Benefit Manager (PBM) and 2 more.
Who are WithMe Health's customers?
Customers of WithMe Health include Curry Supply Company.
Compare WithMe Health to Competitors
Capital Rx offers a platform that oversees prescription benefit plans. The company was founded in 2017 and is based in New York, New York.
Rightway provides navigation and pharmacy benefits solutions delivered through a consumer-centric app that pairs every member with a live, clinician-led care team.
Southern Scripts provides pharmacy benefit management (PBM) solutions to ensure that employers have flexibility and control over their benefit plan.
Provider of pharmacy benefit management services. The company serves as an intermediary between health insurance companies, employers, and pharmaceutical companies.
Yaoshiquan is an online platform that provides healthcare products and services, such as Yaoshika, a drug and health insurance third-party management platform.
Waltz Health is a digital health company developing consumer tools that support better-informed decisions on prescription care. Designed for consumers, payers, and pharmacies, the company offers AI-driven marketplaces to lower costs, giving consumers access to better pricing options and more information, while helping payers take control of their pharmacy benefits. The company was founded in 2021 and is based in Chicago, Illinois.
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