Investment Secured by BetterRX from BVP Forge's Strategic Funding Round
BetterRX, a pioneering hospice pharmacy platform, has announced a significant strategic growth investment from BVP Forge. This investment underscores BetterRX's commitment to transforming the hospice pharmacy landscape by eliminating legacy bottlenecks, resolving critical issues with technology, speed, and compassion.
Since its inception in 2013, BetterRX, under the leadership of Ben Clarke who served as both COO and CEO, has been dedicated to solving the medication delays that burden patients, families, and clinicians at the most vulnerable time in life. Clarke, a registered pharmacist with a passion for caring for others, has led BetterRX in setting a new standard in hospice pharmacy.
Now, Tim Tannert, a seasoned executive with a proven track record at SoftWriters, has been appointed as the new CEO of BetterRX. Tannert's leadership isn't about changing who BetterRX is - it's about scaling their ability to deliver faster, better care and redefining what's possible in hospice pharmacy.
BetterRX's innovative hospice pharmacy platform aims to alleviate delays through streamlined pharmacy services focused on timely and efficient medication delivery in hospice care. The platform's development has received strategic growth investment from BVP Forge, indicating it employs advanced technology and operational improvements to transform how hospice pharmacies manage medications and patient care, effectively raising the standard of hospice medication management.
Key benefits of BetterRX for hospices include cost optimization, improved efficiency, reliable pharmacy access, and 24/7 support. The platform offers 100% pass-through pricing, seamless EMR integration, access to top pharmacies, and 24/7 clinical support. By replacing outdated Pharmacy Benefit Manager (PBM) models, BetterRX provides a faster, simpler, and more transparent solution for hospice care.
Navid Oreizy, Partner at BVP Forge, is proud to support BetterRX as it reshapes how medication gets to patients when it matters most. BVP Forge offers its BVP ForgeEdge program to support BetterRX's growth through operational guidance and healthcare industry insights.
BetterRX has processed over 6.4 million e-prescriptions, allowing more than 345,000 hospice patients to receive medications promptly. With Tannert at the helm, BetterRX is poised to expand its platform reach, promote innovation, and enhance hospice medication management standards, ultimately alleviating medication delays and improving outcomes for hospice patients.
An intake coordinator at a regional hospice provider finds BetterRX to be the easiest and best, praising its transparency and efficiency. BetterRX's goal, as led by Ben Clarke and now Tim Tannert, continues to be delivering powerful, innovative tools that help hospice customers drive daily workflow and cost efficiencies, all with the best interest of the patient and hospice at heart.
Technology plays a crucial role in BetterRX's mission to transform the hospice pharmacy landscape, as it employs advanced technology and operational improvements to streamline pharmacy services and enhance medication management. BetterRX's innovative platform aims to alleviate delays through the utilization of cutting-edge technology, offering benefits such as 100% pass-through pricing, seamless EMR integration, 24/7 clinical support, and access to top pharmacies.
