What it’s best to know:

– Redi Well being, an innovator in digital healthcare options, in the present day introduced the profitable closing of a $14 million Sequence B financing spherical.

– The Sequence B spherical, led by Blue Heron Capital, with participation from North Coast Ventures and current buyers, permits Redi Well being to speed up development and additional set up itself as a pacesetter within the digital healthcare house.

Addressing challenges in affected person assist applications

Conventional affected person assist applications (PSPs) provided by pharmaceutical firms, whereas worthwhile, additionally face limitations:

– Outdated and inaccessible: They depend on phone, fax and bodily varieties and hinder affected person entry.

– Excessive non-compliance charges: Present applications have a 70% non-compliance charge, leading to important losses for the pharmaceutical business.

– Labor intensive: Managing conventional PSPs requires a big workforce, which results in inefficiencies.

The modern answer from Redi Well being

Redi Well being bridges the hole between affected person assist and healthcare by connecting sufferers, suppliers and pharmaceutical firms on one platform. The platform engages sufferers each day by medicine reminders, symptom administration instruments, academic content material and extra. Redi's pharmaceutical assist options embody brand-specific content material, condition-specific trackers, monetary help, and straightforward enrollment into PSPs.

Growth plans

Redi plans to make use of the newest spherical of funding to develop and launch new merchandise to boost its platform, construct sturdy partnerships with pharmaceutical firms and healthcare suppliers, and speed up its development out there.

“We’re at a pivotal second in healthcare, the place expertise integration can considerably enhance affected person care and outcomes. This new financing is a testomony to the onerous work of our staff and the assist of our buyers. With the assist of Blue Heron Capital, we’re able to deliver new merchandise to market, broaden our attain and proceed to innovate on the intersection of expertise and healthcare. Our aim is to make complete, patient-centered care accessible to thousands and thousands of individuals throughout the nation,” mentioned Luke Buchanan, co-founder and CEO of Redi Well being.