Rightway raises $155 million in Series E funding

Francisco Partners led the round, which Rightway plans to use to expand the technology behind its pharmacy benefit management and care navigation products.

1 Source, 20d ago, first seen 20d ago

TLDR

Rightway has raised $155 million in Series E financing led by Francisco Partners, with Thrive Capital and Khosla Ventures participating. The company plans to expand the AI and technology behind its pharmacy benefit manager and care-navigation services. Rightway says its PBM charges employers a fixed administrative fee, passes through rebates and does not own pharmacies, positioning the new capital as a bet on a more transparent alternative to traditional pharmacy-benefit economics.

Combined views

1 Source, first seen 20d ago

1 likes1 comments1 saves1 reposts

Rightway raises $155 million in Series E funding

Francisco Partners led the round, which Rightway plans to use to expand the technology behind its pharmacy benefit management and care navigation products.

1 Source, 20d ago, first seen 20d ago

Rightway employees gathered in an office for the company’s Series E announcement.

TLDR

Today's Rank

—

Not ranked yet

Combined views

1 Source, first seen 20d ago

1 likes1 comments1 saves1 reposts

Rightway has raised $155 million in Series E financing to expand its pharmacy benefit management and care-navigation business. Francisco Partners led the round, with existing investors Thrive Capital and Khosla Ventures participating.

Featured Source

In Rightway’s announcement, the company said it will invest in the AI and technology underlying its pharmacy benefit manager, or PBM. The stated goals include reducing administrative work for pharmacists, identifying lower-cost treatment options earlier and giving employer clients more control over plan design.

A different PBM revenue model

Rightway presents its model as an alternative to traditional PBMs that can earn revenue from drug-price spreads, pharmacy ownership and rebates. The company says it charges one administrative fee per member, passes every rebate dollar to clients, keeps no spread or dispensing revenue and owns no pharmacies.

It also offers a spending guarantee based on a client’s claims history and projected use. If actual spending exceeds that benchmark, Rightway says it refunds the difference without a cap; if spending is lower, the client keeps the savings.

The company says it now covers millions of members and manages pharmacy benefits for 45 Fortune 500 companies. Those figures and the performance claims in its announcement are company-reported rather than independently audited in the source material.

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.