WriteWise provides employers with data‑driven pharmacy benefit solutions that guarantee a fixed per‑member‑per‑month (PMPM) cap on total drug spend, eliminating budget surprises. Its platform offers stop‑loss insurance, subscription‑style coverage for essential and specialty meds, and real‑time PBM auditing, monetizing through subscription fees and guarantee premiums.
Funding
$5M 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.
Founders
Product
Problem
Self-insured employers face escalating prescription drug costs, driven by increasing utilization, rebate complexities, and specialty medications, making it difficult to predict and manage healthcare expenses effectively. Traditional pharmacy benefit management (PBM) contracts often lack transparency, leading to hidden fees and inflated pricing that erode potential savings.
Solution
WriteWise offers a risk transfer platform, MavRx, that leverages a proprietary underwriting engine and predictive analytics to provide cost-based precision and guaranteed savings on pharmacy benefits. The platform connects employers with a marketplace of pharmacy risk products, including level-funded insurance policies specifically for pharmacy risk and PMPM guarantees, mitigating financial risk and enabling better cost control. MavRx also features a PBM audit tool that uncovers hidden fees and contract loopholes, empowering employers to validate PBM performance and optimize contract terms. By offering transparent pricing, advanced risk modeling, and a streamlined RFP process, WriteWise helps employers achieve sustainable cost management and improve employee access to essential medications.
Target Audience
WriteWise primarily serves self-insured employers, brokers, consultants, MGUs, TPAs, and PBMs seeking to optimize pharmacy benefits, reduce costs, and improve transparency in the pharmaceutical supply chain.
Features
- Dynamic GoPricing: Provides data-driven pharmacy spend predictions at the NDC level for accurate forecasting of future drug mix and utilization.
- PMPM Guarantees: Offers capped per-member-per-month guarantees on pharmacy spend, ensuring cost certainty and eliminating financial risk.
- Stop Loss RateFix: Integrates PMPM guarantees with stop-loss insurance for lower premiums and stronger underwriting.
- PBM Audit: Analyzes PBM contracts and claims data to identify discrepancies, inflated costs, and rebate gaps.
- Marketplace Solutions: Connects employers with a panel of PBMs and MGUs to facilitate competitive bidding and access tailored risk models.
- Essentials: Subscription Rx: Provides flexible, subscription-based coverage for a comprehensive formulary of drugs, including specialty medications.
- Rx Protect: Offers a Rx-only stop-loss solution that aligns coverage with actual pharmacy spend.