Rightway Healthcare operates as an enterprise healthcare platform, which focuses on “providing a patient navigation and advocacy platform for employers and their employees,” according to the company’s description. The healthcare technology company was founded in 2017 and is based out of New York. Rightway Healthcare’s initial growth plan included focusing on the New York and Florida markets. However, the company announced it has since expanded on a national scale to provide its services to companies with an employee count ranging from 250 to 10,000.
The healthcare technology company announced that it has completed a Series A funding round, raising $8 million. The offering saw new and existing investors consisting of primarily family offices. In addition to the completion of Series A round, investor and former Tiger Global Management partner, Jonathan Locker, will join the company’s Board of Directors. Rightway Healthcare previously raised $2 million during a seed funding round in November 2017. Here is the full press release detailing of the Series A:
Rightway Healthcare Press Release:
NEW YORK, NY, Enterprise healthcare platform announced the completion of its Series A financing.
Rightway Healthcare, a New York-based enterprise healthcare platform providing a patient navigation and advocacy platform for employers and their employees, today announced the completion of its Series A financing. The Company raised $8.0 million from new and existing investors, consisting of strategic family offices. In conjunction with the Series A round, Jonathan Locker, a participating investor and former partner at Tiger Global Management, has joined Rightway’s Board.
Rightway Healthcare is an innovative healthcare platform which combines cutting edge technology with dedicated healthcare professionals to provide a high quality, cost efficient healthcare ecosystem for employers and their employee members. Co-founded by Jordan Feldman and Dr. Ted Feldman in 2017, Rightway works directly with companies to optimize employer expenditure, while delivering efficient healthcare solutions for their employees. The new capital raised will enable Rightway to continue scaling its strong growth by expanding its sales team, increasing the breadth of its product offering and entering new markets.
Jordan Feldman, Rightway’s CEO, said, “Rightway helps employers to streamline healthcare offerings with a high-tech and high-touch service, curated specifically for their employees’ needs. Our goal is to reshape the healthcare landscape by offering pioneering technology and exceptional service, which results in improved outcomes, higher user satisfaction and lower costs. The potential of our approach can be seen in the strong traction we’ve had with employers and the incredible testimonials we get from our members. We are excited to continue expanding our impact with significantly more resources and the support of our aligned investors and Board.”
Jonathan Locker added, “Having also invested in Rightway’s seed round, I’ve been able to watch Jordan and the team’s strong vision and consistent execution, as they drive better patient outcomes, lower employer costs and build a uniquely valuable business.”
Rightway has successfully expanded from its initial focus in Florida and New York to providing the service on a national basis to employers ranging from 250 to 10,000 employees. Rightway is working with employers across several verticals, ranging from business and professional service to technology to labor unions. Previously, the Company raised $2 million in a seed round in November 2017.
About Rightway Healthcare
Jordan Feldman, Co-Founder and CEO, launched Rightway in 2017. Rightway provides employers a comprehensive analytics and software healthcare ecosystem to optimize employer expenditure and to produce high-quality, cost-efficient healthcare experiences for employees. The platform serves as the single point of contact that becomes every employee members’ continual point of contact throughout their healthcare journey. The service is available via smartphone, web and by calling or messaging members’ personalized navigator to guide them with a “doctor in the family” approach to navigation and advocacy. For more information, please visit www.rightwayhealthcare.com.