Alto Pharmacy (company)

Alto Pharmacy (company)

An online pharmacy company that has created technology that can be utilized to expedite the process of getting medication. It is located in San Francisco, California and was founded in 2015.

Alto Pharmacy is a San Francisco-based health technology start-up which has a platform that aids users with coordinating with physicians and insurance companies so that they can receive their medications. Its stated goal is to be the most patient-centric pharmacy.

Product

The company's platform can be accessed through a mobile application. Users can have their healthcare providers send their prescriptions to Alto Pharmacy or send their prescriptions themselves. The platform coordinates with the user's insurance providers and once everything has been approved, the prescription is delivered to the user's home. If there should be an issue with getting the medication covered by the health insurance company, Alto Pharmacy attempts to give suggestions for alternative medications that would be covered by the user's health insurance.

Inside the actual Alto Pharmacies themselves, there is more technology. The company has a machine called "Hazel", which is used to dispense medications quickly so that they can be verified by a pharmacist. Another machine at the pharmacies is called "Henry", which divides and labels the medications for each user so they know when and how to take each medication.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Alto funding round, December 2018
50,000,000
December 2018
2 Results
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People

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Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Digital pharmacy startup ScriptDash rebrands as Alto, inks $23 million for nationwide expansion

Sarah Buhr

Web

June 12, 2017

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Heather Landi
July 16, 2020
FierceHealthcare
Digital pharmacies are taking on industry giants CVS and Walgreens to crack the $500 billion U.S. drug prescription market. And these startups are securing sizeable sums of money from investors.
Sophia Kunthara
May 14, 2020
Crunchbase News
The use of prescription delivery startups is likely to 'stick' even after the COVID-19 pandemic subsides.
Anirban Sen
January 30, 2020
U.S.
SoftBank's second Vision Fund has led a new round of funding for Silicon Valley-based drug delivery firm Alto Pharmacy that valued it at over $1 billion, according to two people familiar with the development.

References

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