Michael Waterbury
CEO
Goodroot
Goodroot is a network of companies focused on reducing healthcare costs through the reengineering of health benefits and the elimination of administrative inefficiencies. By addressing the issue of medical debt, Goodroot has returned over $1 billion in savings to employers and employees through lower copays and prescription costs.
- Digital Health
- Enterprise Software
- Healthcare Technology
- Software Only
Updated 7 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
The rising costs of healthcare premiums and deductibles, coupled with the complexities of the healthcare system, often leave employers and employees struggling to afford necessary medical care and navigate their benefits effectively. This can lead to increased medical debt, delayed care, and reduced productivity.
Solution
Goodroot is a network of companies focused on reengineering health benefits and eliminating administrative inefficiencies to reduce healthcare costs. Goodroot addresses unaffordable care by offering industry-wide solutions, including strategies to reduce pharmacy costs, realign healthcare initiatives, and remove cost barriers. Goodroot's solutions help employers provide robust benefits to attract and retain talent, while also ensuring employees have access to affordable care and resources to navigate the healthcare system. By connecting healthcare stakeholders and offering innovative solutions, Goodroot aims to put the patient back in the center and drive change in the healthcare industry.
Target Audience
Goodroot serves a diverse range of stakeholders in the healthcare industry, including employers, benefit brokers, health plans, hospitals and providers, pharmacy benefit managers (PBMs), third-party administrators (TPAs), and associations.
Features
- Solutions for reducing pharmacy costs
- Strategies for reengineering health benefits
- Methods for realigning healthcare initiatives
- Approaches to removing cost barriers
- Techniques for redefining administrative efficiency
- Benefit navigation services to help employees understand and use their healthcare benefits
- Access to hospital financial assistance programs
- Bill review and negotiation assistance