Provides a financial navigation platform that integrates with EMR, pharmacy, and practice management systems to identify and match patients with over 6,000 financial assistance resources, including copay cards and government programs. By streamlining enrollment processes and projecting out-of-pocket costs, it reduces financial barriers to treatment, improving access and affordability for patients across all conditions.
Funding
$73.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Patients often face significant financial challenges in affording necessary medical treatments, leading to delayed care, increased medical debt, and poorer health outcomes. Navigating the complex landscape of financial assistance programs, including copay cards, foundations, and government subsidies, is time-consuming and difficult for both patients and healthcare providers.
Solution
TailorMed offers a financial navigation platform that integrates with existing healthcare systems, such as EMR, pharmacy, and practice management platforms, to identify and connect patients with relevant financial assistance resources. By analyzing patient-specific data, including insurance coverage, diagnosis, and financial status, the platform intelligently matches patients with over 6,000 potential aid programs. The platform streamlines the enrollment process, automates manual tasks, and projects out-of-pocket costs, enabling healthcare providers to proactively address financial barriers and improve patient access to care. TailorMed's technology is designed to be disease- and therapy-agnostic, ensuring broad applicability across various medical conditions and treatment regimens.
Target Audience
The primary target audience includes healthcare providers, pharmacies, and health systems seeking to improve patient access to treatment by reducing financial barriers, as well as pharmaceutical manufacturers looking to streamline patient assistance programs.
Features
- Integration with EMR, pharmacy, and practice management systems via API or data feed
- Intelligent matching engine analyzes patient data to identify relevant financial assistance programs
- Access to over 6,000 financial assistance resources, including copay cards, foundations, free drug programs, and government plans
- Automated PDF population and digital in-platform enrollment to expedite the application process
- Real-time out-of-pocket cost projection based on insurance coverage and treatment plans
- Centralized program management functionality for free and replacement drug ordering, tracking, and inventory
- Analytics and reporting tools to track key performance indicators, patient population information, and team productivity
- HIPAA and HITRUST compliant security protocols