North Coast Ventures made an investment in Redi Health's Series B round, recognizing the company's potential to revolutionize patient support programs in the healthcare industry. Our interest in Redi Health stems from the critical need it addresses: improving patient adherence to prescribed treatments. With an estimated $637 billion lost annually due to non-adherence, Redi Health's innovative digital platform tackles this challenge head-on, connecting pharmaceutical companies, healthcare providers, and patients more effectively.
Redi Health's approach has already shown impressive results, including a 30% increase in monthly enrollments for one client and improved medication adherence across various programs. By modernizing outdated Patient Support Programs (PSPs), Redi is not only enhancing patient outcomes but also providing significant value to pharmaceutical companies.
Founder and CEO Luke Buchanan brings valuable experience from his time at CoverMyMeds, a successful healthcare technology company. Luke's industry insights and strong network have been instrumental in developing a solution that addresses real-world healthcare challenges.
Redi Health has gained significant traction, securing contracts with leading pharmaceutical companies. With a demonstrated ability to positively impact key performance metrics, the company is well-positioned for continued growth and expansion.
Despite the complexities of the healthcare landscape, we believe Redi has the potential to transform patient support and drive better health outcomes. The company's innovative technology, including plans for self-service tools, combined with its focus on addressing a critical industry need, aligns perfectly with North Coast Ventures' investment philosophy.
About North Coast Ventures
North Coast Ventures (NCV) is a Cleveland-based early-stage venture capital firm primarily investing in B2B, SaaS companies. With over 470 member investors, NCV is the largest, single-chapter investor group in the country. Since 2006, NCV and its member investors have deployed more than $100M into over 70 high-potential ventures. For more information about North Coast Ventures and its portfolio, visit northcoast.vc.