Free Market Health Closes $20M Equity Financing

Free Market Health

Free Market Health, a Pittsburgh, PA-based healthcare technology company, raised $20M in Equity funding.

The round was led by Questa Capital with participation from existing investors Alta Partners, Highmark Ventures, and 653 Investment Partners.

The company intends to use the funds to execute on business growth, launch channel partnership opportunities, and scale its care-driven marketplace platform.

Led by Joe Cardosi, Founder and CEO, Free Market Health partners with payers and specialty pharmacies of all sizes to streamline the specialty medication fulfillment process to ensure patients have access to lifesaving and life altering medications. Its marketplace streamlines the connection between patients and pharmacies to optimize cost and quality of care and empowers stakeholders to optimize resources and optimize opportunities with the goal of balancing the cost of care and the value that care provides.

The company’s platform currently manages more than 200,000 specialty drug claims annually.