TailorMed

Company Overview

Snapshot

Founded in November 2016 by Srulik Dvorsky and Adam Siton, TailorMed is a Health Tech & Life Sciences company with 51–200 employees. The company has raised $60.5M across 6 funding rounds from 16 investors.

Business overview

TailorMed develops an end-to-end financial navigation solution for healthcare providers, leveraging technology to enhance financial performance for providers and alleviate financial hardship for patients. The company's core technology provides personalized projections of patient out-of-pocket costs and automatically identifies cost-saving opportunities through insurance optimization and financial assistance programs. TailorMed offers a comprehensive suite of products, including TailorMed Financial Navigation to automate financial processes and identify high-risk patients, TailorMed Financial Insights for analytics and reporting, and TailorMed Pharmacy to streamline free/replacement drug programs. The company operates in the Digital Healthcare sector, serving healthcare providers and insurance companies in global markets, particularly the United States.

Strategic signal

This funding suggests TailorMed is well-positioned to further scale its solutions for patient financial assistance and provider revenue cycle management, reinforcing its role in tackling significant financial barriers to care.

Company Intelligence Q&A

What was a key strategic move made by TailorMed in late 2021?

In November 2021, TailorMed announced the acquisition of Vivor, aiming to create the largest provider and pharmacy network focused on addressing financial barriers to care.

When did TailorMed extend its B Round funding?

In September 2021, TailorMed extended its B Round funding, with participation from Sanara Ventures and BrightEdge.

What was a notable partnership for TailorMed in 2020?

In May 2020, McKesson and TailorMed collaborated to reduce patient financial barriers to care.