Foundation Health is a health tech company that offers a cloud-based patient engagement platform. It caters to healthcare providers, enabling them to offer telehealth and online pharmacy services. Foundation Health’s telehealth API enables healthcare providers to offer virtual primary care consultations, either asynchronous or synchronous, over chat, phone calls, or video. Also, the company’s online pharmacy solution enables healthcare providers to offer digital pharmacy services, including medication adherence functions, home delivery, prescription transfers, and bespoke information on 10,000+ pharmaceuticals. The company additionally notes that its platform can fulfill 100,000 prescriptions daily for medications and has coverage across the US.
In March 2024, Foundation Health projected profitability within around 18 months.
Key customers and partnerships
The company’s solutions are focused on consumer health, health plans/Insurers, and pharma manufacturers. As of March 2024, the company's services were offered across the US, UK, and European markets.
Funding and financials
In March 2024, the company raised USD 6 million in a seed funding round led by Y Combinator CEO Garry Tan, along with participation from other venture capital firms. The raised funds were set aside for product development initiatives, processing existing customer waitlists, and attracting new clients.
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