Truveris
Founded Year
2009Stage
Series E | AliveTotal Raised
$72.52MLast Raised
$15M | 1 yr agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-112 points in the past 30 days
About Truveris
Truveris offers pharmacy benefits solutions within the healthcare sector. It offers technology-driven services to manage pharmacy benefits, ensuring access to plan options and providing analytics and insights for better decision-making. It primarily serves employers and brokers, aiding them in reducing costs and increasing access to prescription medications. It was founded in 2009 and is based in Wilmington, Delaware.
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Truveris's Products & Differentiators
Truveris Marketplace
The Truveris Marketplace is a technology-powered and objective pharmacy benefits procurement platform. We connect employers and benefits consultants to pre-vetted pharmacy benefit managers (PBMs) and other emerging pharmacy vendors (such as carve-out specialty, rebate, and formulary aggregators) based on the employer's unique needs. By conducting a rigorous reverse-auction process that has been tested and proven over several hundred pharmacy benefit contract procurements, Truveris delivers a negotiated contract that is optimized for each unique organization. On average, our clients see 20% deal improvements on their pharmacy contract costs when leveraging our platform.
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Research containing Truveris
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Truveris in 2 CB Insights research briefs, most recently on Apr 8, 2024.
Apr 8, 2024
The digital pharmacy tech market map
Nov 10, 2023
The health insurance tech stack market mapExpert Collections containing Truveris
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Truveris is included in 2 Expert Collections, including Fintech.
Fintech
9,809 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Health
12,122 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
Truveris Patents
Truveris has filed 9 patents.
The 3 most popular patent topics include:
- pharmaceuticals policy
- data management
- health economics
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
11/28/2023 | 1/28/2025 | Transaction processing, Payment systems, Data management, Pharmaceuticals policy, Health economics | Grant |
Application Date | 11/28/2023 |
|---|---|
Grant Date | 1/28/2025 |
Title | |
Related Topics | Transaction processing, Payment systems, Data management, Pharmaceuticals policy, Health economics |
Status | Grant |
Latest Truveris News
Sep 19, 2024
WILMINGTON, Del.--(BUSINESS WIRE)-- #employeebenefits--Truveris teams up with Mark Cuban Cost Plus Drug Company to drive transparency in pharmacy benefits.
Truveris Frequently Asked Questions (FAQ)
When was Truveris founded?
Truveris was founded in 2009.
Where is Truveris's headquarters?
Truveris's headquarters is located at 3 Beaver Valley Road, Wilmington.
What is Truveris's latest funding round?
Truveris's latest funding round is Series E.
How much did Truveris raise?
Truveris raised a total of $72.52M.
Who are the investors of Truveris?
Investors of Truveris include New Leaf Venture Partners, Canaan Partners, Paycheck Protection Program, Tribeca Venture Partners, NAV.VC and 7 more.
Who are Truveris's competitors?
Competitors of Truveris include NeueHealth, Judi Health, Scripta Insights, SmithRx, Elixir Rx Solutions and 7 more.
What products does Truveris offer?
Truveris's products include Truveris Marketplace and 1 more.
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Compare Truveris to Competitors
OptumRx provides pharmacy services within the healthcare sector. The company offers services including home delivery of prescriptions, medication management, and drug pricing information. OptumRx serves individuals in need of prescription medications and healthcare professionals requiring pharmacy services. It is based in Irvine, California. OptumRx operates as a subsidiary of Optum.
SmithRx is a pharmacy benefits manager that focuses on providing transparent healthcare technology solutions within the pharmaceutical industry. The company offers a modern technology platform that connects self-insured employers, pharmacies, and patients to facilitate access to drugs. SmithRx primarily serves the healthcare and insurance sectors by aligning incentives with self-insured employers and offering programs. It was founded in 2016 and is based in San Francisco, California.
Prime Therapeutics specializes in pharmacy benefit management and operates within the healthcare industry. The company offers a range of services including drug access solutions, clinical management for health conditions, and specialty drug management. Prime Therapeutics serves the healthcare sector, focusing on health plans and government programs. It was founded in 1998 and is based in Saint Paul, Minnesota.
Judi Health is a health benefit management company that operates within the healthcare technology sector. The company provides a platform for pharmacy, medical, dental, and vision benefits administration, focusing on drug price visibility and patient outcomes. Judi Health's services include pharmacy benefit management, health platform solutions, and health benefit workflows for stakeholders in the healthcare ecosystem. Judi Health was formerly known as Capital Rx. It was founded in 2017 and is based in Jersey City, New Jersey.
Scripta Insights provides pharmacy benefit cost containment solutions within the healthcare IT sector. The company offers services such as pharmacy transaction analysis and recommendations for reducing pharmacy benefit spending for self-insured employers without changing pharmacy benefit managers (PBMs). Scripta Insights serves self-insured employers, payers, and their members by providing tools and services for healthcare decisions and prescription savings. It was founded in 2010 and is based in Wellesley, Massachusetts.
RxBenefits is a pharmacy benefits optimizer. It operates within the healthcare and pharmaceutical industries. The company specializes in providing pharmacy benefit solutions, leveraging purchasing power, independent clinical solutions, and services to manage drug costs for employer-sponsored medical plans. RxBenefits primarily serves benefits advisors, employers, healthcare markets, labor and trust organizations, private equity firms, and third-party administrators. It was founded in 1995 and is based in Birmingham, Alabama.
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