Rightway Raises $155M in Series E Funding Led by Francisco Partners to Transform Pharmacy Benefits and Care Navigation

Rightway, a leading pharmacy benefit management and care navigation company, has secured $155 million in Series E financing, with Francisco Partners at the helm of the investment. The move comes as nearly 10% of the Fortune 500 companies have transitioned their pharmacy benefits to Rightway's aligned model. This significant investment will bolster Rightway's expansion efforts as it aims to address the escalating healthcare costs and the burgeoning pharmaceutical spending.

The company's approach offers a promising avenue to curtail costs while enhancing patient care, with 45 Fortune 500 companies already on board with its services. Rightway's model focuses on eliminating financial incentives tied to increased drug expenditure and integrates a clinical framework that guides members towards the most suitable and cost-effective medications. The firm's care navigation solution extends this approach across the healthcare spectrum, aiding members in accessing quality care and optimizing their benefits.

Notably, Rightway's SureSpend™ model provides a Precision Pricing Guarantee and a Zero-Markup Wrap, ensuring maximum pharmacy spend limits and comprehensive coverage for various medication categories. Jordan Feldman, Rightway's Co-Founder and CEO, emphasizes the company's commitment to driving affordability in healthcare by aligning financial incentives with improved patient outcomes. The Series E funding will be channeled into fortifying Rightway's AI capabilities and refining its pharmacy benefits framework, with a focus on streamlining the bloated pharmacy supply chain. The company also aims to enhance its technological infrastructure to further empower its pharmacy benefits model.

With employers increasingly seeking transparency and value from their healthcare partnerships, Rightway is well-positioned to fulfill these demands through its unique blend of aligned incentives, advanced technology, and clinical expertise. The backing from Francisco Partners, renowned for its expertise in healthcare technology, is expected to catalyze Rightway's growth and scalability. Rightway's pioneering pharmacy benefits and care navigation solutions are geared towards delivering personalized, evidence-based support that drives engagement, reduces costs, and ultimately improves outcomes. By integrating expert clinical guidance, high-touch service, and intuitive technology, Rightway aims to simplify healthcare, create better member experiences, and generate tangible savings for employers.

Read more about the funding here.