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NEW YORK--(BUSINESS WIRE)--Rightway Healthcare, a New York-based enterprise healthcare platform providing a patient navigation and advocacy platform for employers and their employees, today announced the completion of its Series A financing.
The Company raised $8.0 million from new and existing investors, consisting of strategic family offices. In conjunction with the Series A round, Jonathan Locker, a participating investor and former partner at Tiger Global Management, has joined Rightway’s Board.
Rightway Healthcare is an innovative healthcare platform which combines cutting edge technology with dedicated clinical guides to provide high-value care for employers and their employee members. Co-founded by Jordan Feldman and Dr. Ted Feldman in 2017, Rightway works directly with companies to optimize employer expenditure, while delivering efficient healthcare solutions for their employees. The new capital raised will enable Rightway to continue scaling its strong growth by expanding its sales team, increasing the breadth of its product offering and entering new markets.
Jordan Feldman, Rightway’s CEO, said, “Rightway helps employers to streamline healthcare offerings with a high-tech and high-touch service, curated specifically for their employees’ needs. Our goal is to reshape the healthcare landscape by offering pioneering technology and exceptional service, which results in improved outcomes, higher user satisfaction and lower costs. The potential of our approach can be seen in the strong traction we’ve had with employers and the incredible testimonials we get from our members. We are excited to continue expanding our impact with significantly more resources and the support of our aligned investors and Board.”
Jonathan Locker added, “Having also invested in Rightway’s seed round, I’ve been able to watch Jordan and the team’s strong vision and consistent execution, as they drive better patient outcomes, lower employer costs and build a uniquely valuable business.”
Rightway has successfully expanded from its initial focus in Florida and New York to providing the service on a national basis to employers ranging from 250 to 10,000 employees. Rightway is working with employers across several verticals, ranging from business and professional service to technology to labor unions. Previously, the Company raised $2 million in a seed round in November 2017.
About Rightway Healthcare
Rightway's human-led clinical care navigation and effective, transparent PBM guide over one million members to high-value care and medications. Clinicians and pharmacists engage with members during their care journey through a modern mobile and web app. Powerful technology enables one-on-one clinical guidance at a fraction of the cost of traditional care navigation solutions, reducing healthcare costs by 15%. Rightway's PBM is the only pharmacy benefit manager integrated with care navigation. It delivers fully aligned, pass-through pricing and personalized pharmacy navigation, transforming the member experience and lowering employer pharmacy spend by over 15%. Companies choose Rightway for its ability to reimagine the consumer experience, drive industry-leading engagement, and control healthcare costs. For more information, visit www.rightwayhealthcare.com.
Media Contacts:
Gagnier Communications
Jeff Mathews / Lindsay Barber
Rightway@gagnierfc.com
