# TelePharm

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/telepharm

- Industry: Software
- Headquarters: Iowa City, US
- Website: www.telepharm.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Aug 11, 2014)
- Investors on record: 1

## About

TelePharm is a telepharmacy solutions provider that enhances pharmacy operations and improves patient care through its innovative cloud-based platform, enabling remote prescription verification and patient consultations.Founded in 2012 in Iowa City, US, TelePharm specializes in telepharmacy solutions. The company has undergone no significant pivots or changes in operations. Roby Miller, the founder, has not been documented as having founded other companies. In August 2014, TelePharm raised USD 2.5 mn in Series A funding from Rock Health and individual investors, marking their first and only funding round to date, with a total raised amount of USD 2.5 mn.TelePharm delivers a comprehensive suite of telepharmacy solutions centered around its core product, TelePharm, a cloud-based pharmacy platform that enhances operational efficiency and supports patient care. The platform allows pharmacists to digitally verify prescriptions, engage with patients via secure video calls, and enables certified pharmacy technicians to prepare medications using advanced pill counting technology. The services primarily target the needs of rural communities and underserved populations, improving access to pharmaceutical care. In addition, the company offers TeleCounsel for remote patient education and Virtual Verification to streamline prescription verification processes, catering to independent pharmacies and healthcare providers across the United States, accommodating various telepharmacy regulations.TelePharm's revenue model is based on subscriptions and partnerships with pharmacies utilizing their telepharmacy solutions. Clients typically engage through annual subscriptions for the TelePharm platform, along with additional fees for premium services like TeleCounsel and Virtual Verification. The business operates primarily on a business-to-business (B2B) structure, where pharmacies pay for licenses to use the software and associated services, with pricing plans tailored to the specific needs and scale of each pharmacy's operations.Following the Series A funding of USD 2.5 mn in August 2014, TelePharm aims to leverage this capital to expand its product offerings and geographic reach. The company is developing new features for the TelePharm platform to enhance user experience and is strategizing to enter new markets in underserved areas across the US by the end of 2025. The recent funding will support product development and marketing efforts to bolster their expansion strategy.

## Funding rounds

- Series A, Aug 11, 2014, $2.5M — Rock Health

## Investors

- Rock Health (https://capitalatlas.ai/funds/rock-health) — Series A