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Accelerating Access to Specialty Medications: RxLightning’s $17.5M Series A Funding

The specialty medicines market is experiencing an unprecedented surge, offering advanced treatments for complex medical conditions.

However, accessing these essential medications has often been challenging due to high costs and limited availability.

The Surge in the Specialty Medicines Market

Specialty medications have transformed the healthcare landscape, offering targeted treatments for patients with complex and chronic conditions.

These medications, often biologics or orphan drugs, require specialized handling and administration.

With their tremendous potential to improve patient outcomes, the demand for specialty medicines has surged in recent years.

The specialty medication market reached $301 billion in 2021 with an increase of 43% since 2016, according to data from the U.S. Department of Health and Human Services.

However, despite their efficacy, accessing specialty medications has been a challenge for many patients.

Patients’ access to these crucial treatments gets hindered due to factors such as

  • High costs
  • Limited availability
  • Complex distribution networks

Recognizing the need to address these barriers, RxLightning has secured $17.5 million in Series A funding to drive innovation and improve the accessibility of specialty medications.

RxLightning Secures $17.5M to Remove Barriers to Specialty Medications

RxLightning’s primary goal is to overcome the barriers associated with accessing specialty medications.

By leveraging cutting-edge technology, RxLightning aims to simplify the prescription and distribution process, making specialty medications more accessible and affordable for patients in need.

The recent funding round enables RxLightning to enhance its existing platform and develop innovative solutions to streamline the specialty medication supply chain.

By incorporating artificial intelligence (AI) and machine learning algorithms, RxLightning

  • Automates administrative tasks
  • Reduces errors
  • Provides real-time data (to healthcare providers, pharmacies, and patients)

This level of automation and digitization simplifies the entire process, ensuring that patients receive their specialty medications promptly and efficiently.

RxLightning focuses on simplifying the complexities associated with specialty medications, such as

Partner with Us to Build Your Specialty Medications Software

Our specialty medicine solution offers end-to-end support for specialty pharmacy operations, including

  • Inventory management
  • Workflow automation
  • Patient monitoring
  • Adherence programs

By connecting with us, healthcare providers and pharmacies can leverage a robust system that simplifies and optimizes the management of specialty medications.

The Benefits of Leveraging Our Specialty Medicine Software Solution

The specialty medicine solution offered by us streamlines workflows and enhances operational efficiency by automating manual processes.

It enables accurate and efficient inventory management, ensuring that the right medications are available when needed, while also minimizing waste.

Additionally, the solution offers comprehensive patient monitoring and adherence programs.

It enables healthcare providers to improve patient outcomes by

  • Tracking patient progress
  • Improving medication adherence
  • Intervening when necessary

By leveraging our specialty medicine solution, healthcare providers and pharmacies can

  • Ensure seamless coordination
  • Enhanced patient care
  • Improved treatment outcomes

The Features of Our Specialty Medicine Software

1. Automatic Prescription Refills

Our software initiates prescription refills based on predefined criteria or customer preferences, eliminating the need for manual intervention.

This simplifies the refill process and ensures timely delivery of medications to patients.

2. Refill Order Reminders

Patients receive automated reminders when it’s time to refill their prescriptions, preventing medication gaps and encouraging timely refills.

3. Prescription Renewal Reminders

Similar to refill order reminders, our software sends automated notifications to patients when their prescriptions are due for renewal.

This proactive approach helps patients stay on top of their medication needs and ensures continuity of care.

4. Limited Medicines Visibility

Our software allows you to restrict the visibility of certain medications, ensuring compliance with privacy regulations and limiting access to sensitive or controlled substances.

This feature safeguards patient confidentiality by granting access only to authorized personnel.

5. Automated International Order Placement

For pharmacies collaborating with international partners, our software automates the communication and order placement process.

This ensures seamless coordination and timely delivery of specialty medicines from international sources.

6. Order Sets for Efficiency

Our software enables the creation of predefined order sets tailored to specific requirements.

By grouping commonly prescribed medications or medical supplies, this feature saves time and improves accuracy during the ordering process.

7. Unlimited Partner Pharmacies

Our software supports collaboration with multiple partner pharmacies without any limitations on the number of partners.

This scalability and flexibility allow pharmacies to work with a diverse network of pharmacy providers, expanding their reach and service capabilities.

8. Customizable Discount Rates

You can set customizable discount rates for different partner pharmacies using our software.

This feature facilitates negotiations and agreements based on specific partnerships, offering flexibility in pricing and promotions.

9. Automated Patient Communication

Our software enables automated emails and SMS notifications to enhance patient communication and engagement.

This feature improves patient adherence and satisfaction by sending them updates on their

  • Prescription status
  • Refill reminders
  • Order confirmations
  • Other important information

And the best part?

Our software can be customized to meet the unique needs of your pharmacy, ensuring it aligns perfectly with your requirements.

In the rapidly evolving landscape of specialized pharmaceuticals, we represent an innovative approach with our software solutions that

  • Simplifies operations
  • Expands accessibility
  • Improves patient outcomes

By leveraging cutting-edge technology and strategic partnerships, we pave the way for you to build a future where specialty medications are benefiting patients and healthcare providers alike by being

  • Easily accessible
  • Affordable
  • Seamlessly managed

Share your requirements with us by clicking the contact button and our team will contact you within two business days.