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RxLive operates a telehealth platform that delivers comprehensive medication management services. The company provides a suite of telehealth services, proprietary software, and analytical tools designed to integrate clinical pharmacists into the healthcare ecosystem. This approach focuses on optimizing medication therapy, reducing drug-related costs, and enhancing overall patient outcomes through what they term "Value-Based Pharmacy."
The company was founded in 2017 by Mark Engelen and Kristen Engelen. Their foundational insight stemmed from recognizing the untapped potential of clinical pharmacists to generate significant financial and clinical value within healthcare settings, by proactively managing medication regimens and fostering direct collaboration between providers and pharmacists.
RxLive serves a broad array of customers including individual patients, healthcare providers, employers, payers, health systems, and hospitals. The company's vision is to redefine the practice of value-based pharmacy, aiming to scale effective medication management strategies that improve quality performance, decrease hospital admissions, and ultimately reduce the total cost of care.
RxLive has raised $2.0M across 1 funding round.
RxLive has raised $2.0M in total across 1 funding round.
RxLive is a telehealth company that provides a technology-enabled, value-based pharmacy platform connecting patients and health systems with clinical pharmacists to manage medications, reduce costs, and improve outcomes[2][1].
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick take: RxLive built a specialized telepharmacy technology and services stack that quantifies pharmacist value in value‑based care; its acquisition by Scriptology positions that capability to scale more rapidly as health systems and payers demand measurable, tech-enabled medication management[3][2].
Note: Public information about RxLive’s founders and some financial specifics is limited on its website; the most recent major public milestone was the acquisition by Scriptology, which public reporting cites as accelerating growth by combining capabilities and capital[2][3].
RxLive has raised $2.0M in total across 1 funding round.
RxLive's investors include 1984 Ventures, DreamIt Ventures, Founder Collective, Rainfall Ventures, SignalFire.
RxLive has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in March 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2021 | $2.0M Seed | 1984 Ventures, DreamIt Ventures, Founder Collective, Rainfall Ventures, SignalFire |