Investment Secured by BetterRX via BVP Forge's Strategic Financial Support
BetterRX, a groundbreaking hospice pharmacy platform, has received a strategic growth investment from BVP Forge. This partnership aims to amplify BetterRX's mission and reshape how medication gets to patients when it matters most.
BetterRX is an innovative solution designed for transparency and efficiency, saving hospice providers up to 5-6 hours per nurse each week and reducing medication errors. It offers a faster, simpler, and transparent solution for hospice care, replacing outdated Pharmacy Benefit Manager (PBM) models.
Key benefits of BetterRX for hospices include cost optimization, improved efficiency, reliable pharmacy access, and 24/7 support. The platform's 100% pass-through pricing, seamless Electronic Medical Record (EMR) integration, and access to a diverse network of high-performing pharmacy partners without restrictive contracts enable hospices to reduce medication costs, streamline workflows, and deliver faster, compassionate care when time is critical.
Tim Tannert, formerly the COO and CEO of SoftWriters, has been appointed as the new CEO of BetterRX. Tannert brings a wealth of experience to BetterRX, having served in leadership roles in the healthcare technology industry for many years. Navid Oreizy, Partner at BVP Forge, expressed support for BetterRX's mission to set a new standard in hospice pharmacy.
BetterRX was founded to solve a quiet crisis in healthcare: medication delays that burden patients, families, and clinicians at the most vulnerable time in life. The company's intake coordinator at a regional hospice provider has expressed appreciation for BetterRX, stating it is the easiest and best.
Ben Clarke, as COO and CEO of BetterRX since 2013, has a clear goal for the company: delivering powerful, innovative tools that help hospice customers drive daily workflow and cost efficiencies with the best interest of the patient and hospice at heart.
With the strategic growth investment from BVP Forge, BetterRX plans to eliminate medication delays by expanding its platform reach, promoting innovation, and enhancing hospice medication management standards. To date, BetterRX has processed over 6.4 million e-prescriptions, allowing more than 345,000 hospice patients to receive medications promptly.
BVP Forge offers its BVP ForgeEdge program to support BetterRX's growth through operational guidance and healthcare industry insights. This partnership is set to revolutionize hospice pharmacy care, offering a brighter future for patients, families, and hospice providers alike.
[1] Press Release: BetterRX Secures Strategic Growth Investment from BVP Forge. (n.d.). Retrieved from https://www.prnewswire.com/news-releases/betterrx-secures-strategic-growth-investment-from-bvp-forge-301558173.html [2] BetterRX. (n.d.). Retrieved from https://www.betterrx.com/ [3] O'Donnell, J. (2021, May 18). BetterRX secures strategic growth investment from BVP Forge. Home Health Care News. Retrieved from https://homehealthcarenews.com/2021/05/betterrx-secures-strategic-growth-investment-from-bvp-forge/ [4] Frier, J. (2021, May 18). BetterRX secures funding as it takes on pharmacy benefit managers. Modern Healthcare. Retrieved from https://www.modernhealthcare.com/technology/betterrx-secures-funding-takes-pharmacy-benefit-managers
BetterRX's strategic growth investment from BVP Forge will help the company expand its platform reach, promote innovation, and enhance hospice medication management standards, utilizing advanced technology to eliminate medication delays for patients. Tim Tannert, with his extensive experience in healthcare technology, has been appointed as the new CEO of BetterRX, aiming to set a new standard in hospice pharmacy through technology-driven solutions.
