Rightway Healthcare Inc.

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Rightway Healthcare Inc. - overview

Established

2017

Location

New York, NY, US

Primary Industry

Healthcare IT

About

Rightway Healthcare Inc. is a US-based company specializing in clinical care navigation and pharmacy benefits management, aiming to enhance healthcare experiences for employees and employers through personalized guidance and efficient service delivery. Rightway Healthcare Inc. offers solutions in clinical care navigation and pharmacy benefits management.


Established in 2017 and headquartered in New York, US, the company has successfully completed 5 deals, with its most recent deal occurring on March 25, 2024. Rightway has raised a total of USD 108. 75 mn in funding, with the latest round being a Series D. The company was co-founded by Abdulaziz Bin Slimah, Jordan Feldman, Kareem Zaki, Osama Ansari, PMP®MSP® Abdullah AlJubair, Ted Feldman, and Theodore Feldman, while Asha Kumari currently serves as the CEO.


Rightway's primary offerings center around clinical care navigation and pharmacy benefits management (PBM). Their services streamline healthcare experiences for employers and employees, providing personalized guidance and support. Rightway's health guides assist members in navigating healthcare complexities, ensuring informed decisions regarding their care options. They target a diverse client base, including employers and health systems, focusing on enhancing care quality and reducing costs.


The transparent PBM model facilitates access to high-value medications and passes savings back to plan sponsors, addressing a wide range of healthcare needs across various sectors in the United States. Rightway's revenue model is based on partnerships with employers and health systems, combining subscription-based services and fee-for-service arrangements. Clients engage Rightway for comprehensive care navigation and PBM solutions, resulting in a transaction structure that emphasizes value-driven healthcare. Employers may pay a fixed administrative fee while benefiting from transparent pricing of pharmacy services, which includes managing prescription costs.


Rightway's innovative PBM model is designed to optimize medication management and reduce overall healthcare expenditures, fostering long-term relationships with clients as they seek to enhance employee satisfaction and productivity through improved healthcare access and management. In March 2024, Rightway Healthcare Inc. raised USD 108. 75 mn in Series D funding, which will support their strategy to develop new products and expand into new markets.


The company plans to enhance its service offerings with innovative solutions aimed at improving healthcare navigation and management. Additionally, Rightway is focused on entering new geographic regions and expanding its client base, with specific plans for growth in underserved markets across the United States.


Current Investors

Thrive Capital, Khosla Ventures, Tiger Global Management

Primary Industry

Healthcare IT

Sub Industries

Healthcare IT, Web Applications, Analytics & Performance Software, Medical Software

Website

www.rightwayhealthcare.com

Verticals

HealthTech, Mobile Apps

Company Stage

Series D

Total Amount Raised

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