RxAdvance Raises Series A1 Funding

rxadvanceRxAdvance, a Southborough, MA-based service Pharmacy Benefits Management company, raised Series A1 funding of undisclosed amount.

George M. Rapier III, M.D., is Chairman and CEO of WellMed Medical Management, Inc., a healthcare company specializing in senior care, made the investment and joined the company’s board of directors.

Led by Ravi Ika, CEO, RxAdvance provides health plans, accountable care organizations (ACOs), state Medicaid programs, employer groups and unions with a resource to manage standard formulary, specialty pharmaceutical and biologics usage.
In December 2013, it announced the acquisition of SentiCare, a medication adherence solution company (read here).



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