TailorMed Announces Acquisition of Vivor to Create the Largest Provider and Pharmacy Network Tackling Financial Barriers to Care
Summary
Joining forces will accelerate development of innovative solutions and expand market reach to help reduce the cost of treatment for more patients, while improving the financial performance of healthcare organizations. “Both organizations started their journeys with the shared mission of tackling the financial challenges of healthcare,” said Srulik Dvorsky, CEO and co-founder of TailorMed. “Joining forces with TailorMed unlocks the opportunity to make a bigger impact for patients,” said Ian Manners, CEO and co-founder of Vivor. TailorMed’s platform automates the entire process of proactively identifying financially at-risk patients, matching and enrolling them in financial resources such as: co-pay assistance, replacement drug programs, government subsidies, community and state resources, assistance from disease-specific foundations, and programs that support patients with their living expenses – including those affecting social determinants of health. TailorMed’s financial navigation platform is used by over 600 healthcare facilities nationwide including leading health systems, pharmacies, and clinics.