• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Foundation Health Secures $6M to Power API-based Pharmacy and Telehealth Products

by Fred Pennic 03/11/2024 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

What You Should Know:

– Foundation Health, a healthcare technology company empowering clients in building and launching modern, digital-first pharmacy and telehealth solutions at scale secures $6M in seed funding.

– The seed round included participation from Garry Tan (CEO, Y Combinator), Transpose Platform, Tuesday VC, and prominent venture capital firms like Alt Capital, Box Group, and Liquid Ventures. Additionally, angel investors Paul Johnson (Lemonaid) and Meghan Fitzgerald (Grey Ghost Advisors) lend their expertise and support.

Empowering Innovation at Scale:

Foundation Health’s platform empowers healthcare organizations to develop and launch modern, digital-first pharmacy and telehealth solutions quickly and efficiently. This is achieved through:

  • Easy-to-integrate APIs: Streamline connections with telehealth providers and a vast pharmacy network, facilitating services like prescription mail orders, same-day delivery, and specialty medications.
  • White-label products: Enable health plans, pharmaceutical manufacturers, and digital health brands to launch custom-branded solutions without the hassle of building from scratch.

Foundation Health’s Core Offerings include:

  • Telehealth Prescribing & Pharmacy APIs: Connect businesses to telehealth providers and pharmacies, catering to a wide range of needs from prescription fulfillment to durable medical equipment.
  • Virtual Pharmacy SaaS: This software-as-a-service product allows any company to launch their own virtual pharmacy, complete with 24/7 pharmacist support, transparent pricing, and optional telehealth consultations.
  • Virtual Direct-to-Patient (DTP) Service: Pharmaceutical manufacturers can leverage this solution to launch products directly to patients, removing middlemen, controlling pricing, and ensuring a seamless patient experience.

While Foundation Health operates across the US, UK, and EU, its initial focus is on driving innovation within the US healthcare landscape.

“Our vision is to grow Foundation Health into the definitive tech platform for powering and managing complex consumer healthcare operations globally,” said Foundation Health founder and CEO, Umar Afridi. “With this funding, we are equipped to accelerate product development, onboard customers currently on our waitlist, and continue engaging with new customers to ensure we’re delivering precisely what the market needs. We are thrilled by the initial demand for our products and anticipate reaching profitability in approximately 18 months. Patients want clear pricing, lower costs, and convenient access to healthcare. These are not outrageous demands, yet solutions that meet them are few and far between,” said Afridi. “At Foundation Health, we believe traditional multi-month, multi-million dollar builds are the enemy of innovation and progress. We’re focused on providing affordable solutions that are intentionally built for speed and scale. Our services can be implemented within days, offering unparalleled speed-to-market for our clients at substantially lower costs than alternatives.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Virta Health CEO: GLP-1s Didn’t Kill Weight Watchers, Its Broken Model Did

Most-Read

Healthcare's Big Blind Spot: The Measurement Crisis in Inpatient Psychiatry

Healthcare’s Big Blind Spot: The Measurement Crisis in Inpatient Psychiatry

Lessons Learned from The Change Healthcare Cyberattack, One Year Later

Lessons Learned from The Change Healthcare Cyberattack, One Year Later

Blue Cross Blue Shield of Massachusetts Launches "CloseKnit" Virtual-First Primary Care Option

Blue Cross Blue Shield of Massachusetts Launches “CloseKnit” Virtual-First Primary Care Option

Omada Health Launches "Nutritional Intelligence" with AI Agent OmadaSpark

Omada Health Soars in NASDAQ Debut, Signaling Digital Health IPO Rebound

Medtronic to Separate Diabetes Business into New Standalone Company

Medtronic to Separate Diabetes Business into New Standalone Company

White House, IBM Partner to Fight COVID-19 Using Supercomputers

HHS Sets Pricing Targets for Trump’s EO on Most-Favored-Nation Drug Pricing

23andMe to Mine Genetic Data for Drug Discovery

Regeneron to Acquire Key 23andMe Assets for $256M, Pledges Continuity of Consumer Genome Services

CureIS Healthcare Sues Epic: Alleges Anti-Competitive Practices & Trade Secret Theft

The Evolving Role of Physician Advisors: Bridging the Gap Between Clinicians and Administrators

The Evolving Physician Advisor: From UM to Value-Based Care & AI

UnitedHealth Group Names Stephen Hemsley CEO as Andrew Witty Steps Down

UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns as CEO

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |