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PRX Control Solutions logo — Enhancing health management and prescription accuracy while...

PRX Control Solutions

Enhancing health management and prescription accuracy while significantly cutting healthcare costs.

Founded 2012 Convertible Note Total: $175.00K Big Data, Finance +2

General Information

Company Name PRX Control Solutions
Founded Year 2012
Industries Big Data, Finance, Health Care +1
Funding Stage Convertible Note
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About PRX Control Solutions

PRX Control Solutions specializes in developing cloud-based applications for prescription control and health management, aimed at reducing healthcare costs and enhancing care quality. Using proprietary algorithms, the company detects improper prescriptions, medication abuse, and waste in real-time at the point of care or pharmacy by matching health conditions with medications. The patient-centered app, MatchMyRx, empowers patients to comprehend their prescriptions better by matching their health conditions with medications. The app helps detect medication warnings, promotes adherence to medications, and improves communication with healthcare providers. Since its founding in 2012, PRX has saved health plans over $35M in drug benefit costs and has the potential to save $60B in the United States over the next five years. The company's efforts go beyond affordability by detecting improper prescriptions, medication warnings, and uncoded chronic health conditions to improve patient quality of care and outcomes. With its focus on Big Data, Finance, Health Care, and Insurance, PRX Control Solutions addresses critical needs in the healthcare industry, presenting a compelling investment opportunity. Although the last investment details are limited to a $20.00K Convertible Note investment at 01 October 2015, the company's innovative approach and potential for significant cost savings make it an attractive prospect for venture capitalists seeking impactful investments in the healthcare technology sector.

Business keywords: prescription control, health management, cloud-based applications, medication adherence, healthcare cost reduction, medication warnings, patient empowerment, healthcare savings, improved care quality, proprietary algorithms, patient-centered app, drug benefit costs, health outcomes improvement, real-time medication monitoring

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Convertible Note $20.00K -
01 Oct 2015
Seed Round $80.00K 1
Wayra
Wayra
08 Apr 2014
Grant $25.00K 1
Venture Hive
Venture Hive
23 Jan 2013
Seed Round $50.00K 1
Wayra
Wayra
15 Mar 2012

PRX Control Solutions Alternatives & Competitors

PRX Control Solutions vs
Resolution Health, Inc
Resolution Health, Inc

Enhancing healthcare through data-driven insights and effective communication strategies for a healt...

Venture round
Analytics, Health Care

FAQ About PRX Control Solutions

Enhancing health management and prescription accuracy while significantly cutting healthcare costs.
PRX Control Solutions was founded in 2012.
PRX Control Solutions operates in Big Data, Finance, Health Care and Insurance. Its work centres on prescription control, health management, cloud-based applications and medication adherence.
PRX Control Solutions has completed 4 funding rounds, raising a total of $175.00K. The latest funding stage is Convertible Note.
Top alternatives and competitors to PRX Control Solutions include Resolution Health, Inc. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PRX Control Solutions and Resolution Health, Inc are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for PRX Control Solutions, https://bouncewatch.com/company/prx-control-solutions, updated 27 December 2024. When citing, please name BounceWatch and link this page.

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