# TailorMed Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tailormed-medical

- Industry: Software
- Headquarters: New York, US
- Website: www.tailormed.co
- Total disclosed funding: $6M
- Latest round: Series A (Mar 1, 2019)
- Investors on record: 2

## About

Based in the US, TailorMed Medical Inc. is a healthcare technology company dedicated to enhancing patient access to financial assistance through an innovative platform that connects patients with vital resources for their medical needs.TailorMed Medical Inc., founded in 2016 and headquartered in New York, US, specializes in providing financial navigation solutions that help patients access necessary healthcare services. The company has raised funding through six deals, with the most recent dated November 21, 2024, leading to a total amount raised of USD 5.00 mn. The latest round of funding, led by BrightEdge Ventures, Citi Ventures, OSF Ventures, and Sanara Ventures, involved an amount of USD 5.00 mn. The company was co-founded by Adam Siton and Israel Dvorsky, and Edoardo Fornelli serves as the current CEO.TailorMed provides a comprehensive end-to-end financial navigation platform aimed at removing barriers to healthcare access for patients across various medical conditions. The company's core offerings include a technology suite that integrates with electronic medical records (EMR), pharmacy, or practice management systems to facilitate financial assistance leveraging over 6,000 resources. By employing an advanced matching engine, TailorMed connects patients to financial opportunities such as copay cards, foundations, free drug programs, and government assistance plans tailored to their insurance coverage and treatment needs. The platform caters to healthcare providers, pharmacies, and patients throughout the US, and includes features for streamlined enrollment, program management, and data analytics to enhance patient care and resource allocation.TailorMed's revenue model relies on B2B partnerships with healthcare providers and pharmacies that utilize the financial navigation platform to enhance service offerings. Through subscription agreements, clients access the technology that simplifies identifying and enrolling financially at-risk patients in assistance programs. The pricing structure is designed to meet the needs of different healthcare entities, allowing them to manage costs associated with patient financial support effectively. TailorMed's services include financial navigation, insights, and pharmacy management tools crucial for optimizing patient assistance processes and healthcare affordability.In November 2024, TailorMed Medical Inc. secured venture debt funding led by Bank Hapoalim, as part of a larger USD 40 mn debt and equity funding round, aimed at bolstering its medical cost assistance services for clients. The company plans to expand its product offerings and enhance its platform capabilities. Future strategies include entering new geographic markets, with specific expansions targeted for the coming year, to broaden the impact of its financial navigation solutions and provide more patients with access to essential healthcare resources.

## Funding rounds

- Series A, Mar 1, 2019, $6M — Triventures, Sanara Ventures

## Investors

- Triventures (https://capitalatlas.ai/funds/triventures) — Series A
- Sanara Ventures (https://capitalatlas.ai/funds/sanara-ventures) — Series A