Rightway Secures $155 Million to Innovate Pharmacy Benefits Management in Healthcare

In a significant move for the healthcare industry, Rightway, a leading pharmacy benefit management and care navigation firm, has announced the successful completion of a $155 million Series E financing round. This funding, primarily led by Francisco Partners—an esteemed global investment firm known for empowering technology-oriented businesses—marks a pivotal step for Rightway as it aims to revolutionize pharmacy benefits for employers nationwide.

The Growing Need for Effective Pharmacy Management

As healthcare costs continue to surge, with prescription drugs becoming a primary contributor, the demand for effective management of pharmacy benefits is pressing. Analysis indicates that prescription drug spending among large U.S. employers rose by 9.4% in 2025, eclipsing the overall healthcare cost increase of 6%. This trend is hurting employers and their workforce, as they grapple with inflated administrative expenses tied to outdated supply chain models.

Rightway seeks to counter this trend with an innovative approach that emphasizes cost transparency and patient-centric care. Their model eliminates conflicting incentives within the drug supply chain that typically favor inflated costs, allowing employers to spend healthcare dollars more effectively.

A Unique Client Base

Currently, Rightway services a growing client base, including 45 Fortune 500 companies, proving its model's viability in large enterprises. By harnessing an aligned financial structure and a clinical model that prioritizes effective medication guidance, Rightway is reshaping how pharmacy benefits are administered. The company empowers pharmacists to help members navigate their prescriptions while ensuring they have access to cost-effective medication options.

SureSpend™: A Groundbreaking Financial Model

A key innovation from Rightway is its SureSpend™ model, which offers a transparent pricing guarantee. This model limits total pharmacy spending, ensuring participants are not burdened by additional hidden costs. Furthermore, Rightway’s Zero-Markup Wrap is designed to cover categories often excluded from typical pharmacy guarantees. This approach not only assures budget control but also facilitates a full pass-through of rebates, maximizing savings for employers.

Rightway's Co-Founder and CEO, Jordan Feldman, stated, "No one is better positioned to manage the pharmacy benefit than Rightway. We built our financial model to reward transitioning members to high-value drugs while integrating clinical expertise and AI technology into the workflow to maximize efficacy."

Harnessing Technology and Human Expertise

The Series E funding will be utilized to significantly enhance Rightway's technology infrastructure, particularly its AI capabilities that underpin its pharmacy management model. By optimizing the pharmacy supply chain, Rightway reduces unnecessary costs, enabling a more efficient and transparent system that benefits both employers and members alike.

Kristin Devlin, Rightway's Chief Pharmacy Officer, emphasized the importance of returning pharmacists to their primary role: assisting patients. She pointed out that Rightway strives to create an environment where pharmacists can engage more meaningfully with patients, ensuring appropriate treatments and addressing any concerns they might have.

The Future: Accountability and Value in Healthcare

As the complexity of healthcare continues to evolve, employers are increasingly demanding accountability, transparency, and value from their healthcare partners. Ezra Perlman, Co-President at Francisco Partners, remarked on Rightway's ability to meet these demands with its differentiated model. He expressed enthusiasm for leveraging their extensive healthcare technology expertise to bolster Rightway's growth trajectory.

In conclusion, Rightway's recent funding round signifies not just financial backing, but a commitment to driving change within the healthcare landscape. By prioritizing member care and offering financial transparency, Rightway is well on its way to transforming pharmacy benefits management, benefitting employers and their employees alike. For more information about Rightway's innovative solutions, visit www.rightwayhealthcare.com.