TailorMed
End-to-end Financial Navigation Solution for Healthcare Providers
Company Overview
Snapshot
Founded in November 2016 by Srulik Dvorsky and Adam Siton, TailorMed operates with 51–200 employees. The company has raised a total of $60.5M across 7 funding rounds from 16 investors.
Business overview
TailorMed provides an end-to-end financial navigation solution designed to enhance the financial performance of healthcare providers while alleviating financial hardship for patients. The company's core technology offers personalized projections of patient out-of-pocket costs and identifies cost-saving opportunities through insurance optimization and financial assistance programs. TailorMed serves the healthcare industry, operating within the Health Tech & Life Sciences sector, with a focus on digital healthcare, clinical workflow, and insurtech, targeting healthcare providers and insurance companies in global and United States markets.
Strategic signal
In November 2021, TailorMed acquired Vivor, a move that significantly expanded its network of providers and pharmacies dedicated to addressing financial barriers to care. This acquisition signals TailorMed's strategic intent to consolidate its market position and enhance its comprehensive platform, offering investors a clear indication of the company's growth trajectory and commitment to solving critical financial challenges within the healthcare ecosystem.
Company Intelligence Q&A
- What was a key strategic acquisition made by TailorMed?
- In November 2021, TailorMed acquired Vivor to create the largest provider and pharmacy network focused on tackling financial barriers to care.
- Which investors participated in TailorMed's September 2021 funding round?
- In September 2021, TailorMed received funding from investors including Sanara Ventures and BrightEdge.
- What was a notable partnership formed by TailorMed in 2020?
- In May 2020, McKesson and TailorMed collaborated to reduce patient financial barriers to care, leveraging TailorMed's platform.
- When did TailorMed launch its Remote Navigation solution?
- In April 2020, TailorMed launched its Remote Navigation solution to enable hospital staff to assist patients remotely and help healthcare providers recover lost revenues.