CoverMyMeds Revenue and Competitors

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Location

$1M

Total Funding

Estimated Revenue & Valuation

  • CoverMyMeds's estimated annual revenue is currently $392.6M per year.(i)
  • CoverMyMeds's estimated revenue per employee is $203,000
  • CoverMyMeds's total funding is $1M.

Employee Data

  • CoverMyMeds has 1934 Employees.(i)
  • CoverMyMeds grew their employee count by 47% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$125.6M6935%N/AN/A
#2
$685.7M94630%$910.3M$10.7B
#3
$17.3M71N/AN/AN/A
#4
$11.9M82N/AN/AN/A
#5
$89.8M5055%$117.6MN/A
#6
$0.3M4N/AN/AN/A
#7
$2.5M25N/AN/AN/A
#8
$4.7M25N/AN/AN/A
#9
$1.3M15N/AN/AN/A
#10
$7.6M58N/AN/AN/A
#11
$161.2M794N/AN/AN/A
#12
$0.9M10N/AN/AN/A
#13
$2.6M45N/AN/AN/A
#14
$1M11N/AN/AN/A

CoverMyMeds is a web-based provider of Prior Authorization (PA) support for physicians and pharmacists. By bringing the paper-based workflow into a 21st century electronic process, CoverMyMeds has created a PA model that improves efficiency and results in lower prescription abandonment. Started in 2008, CoverMyMeds now serves as the one-stop PA shop for tens of thousands of health care providers, and helps reduce physician and pharmacist PA management time from hours to a few minutes per week. The service is provided for free to physician offices and pharmacists. CoverMyMeds is the first all drug, all payer electronic PA workflow for physicians, pharmacists and their staff. Because most health plans do not support an electronic interchange format, CoverMyMeds typically enters the health plan's workflow through the published fax number of the health plan's PA department. In short, CoverMyMeds alleviates administrative burden and allows providers to spend more time treating patients.

keywords:saas, Enterprise Software,Health Insurance,Health It,Healthcare,Human Resources Hr,Pharmaceuticals

$1M

Total Funding

1934

Number of Employees

$392.6M

Revenue (est)

47%

Employee Growth %

N/A

Valuation

N/A

Accelerator

CoverMyMeds News

2022-04-17 - Franklinton SID now working to keep Broad Street corridor safe ... The Business Journals

Franklinton SID now working to keep Broad Street corridor safe ... The Business Journals

2022-04-17 - Columbus educators rally to end tax breaks for wealthy developers, fully fund schools The Columbus Dispatch

Columbus educators rally to end tax breaks for wealthy developers, fully fund schools The Columbus Dispatch

2022-02-22 - Ex-CoverMyMeds CEO Scantland launches new digital health project - Pharmaphorum

Ex-CoverMyMeds CEO Scantland launches new digital health project - Pharmaphorum

2019-09-08 - SHARE Microtransit is Now Driving CoverMyMeds' Columbus ...

SHARE, a growing Columbus-based microtransit company, has teamed up with CoverMyMeds to help limit the number of cars on the road, ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$300M19918%N/A
#2
$518.6M2058N/AN/A
#3
$300M208310%N/A
#4
$438M21796%N/A
#5
$458.4M2258N/AN/A