Waltz Health

Waltz Health

Pharmaceutical marketplace for prescription savings

About Waltz Health

Simplify's Rating
Why Waltz Health is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Fintech

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$35.4M

Headquarters

Chicago, Illinois

Founded

2021

Overview

Waltz Health operates a marketplace designed to simplify the process of obtaining prescription medications for consumers and pharmacies. The company addresses the challenges of high costs and lack of transparency in the pharmaceutical market by offering a solution called the "Complete Cash Card Solution with Marketplace Search." This tool allows users to compare prices from various pharmacies, helping them find the best deals on their prescriptions. Unlike many competitors, Waltz Health focuses on creating a transparent system that benefits both consumers and pharmacies through partnerships that drive traffic and sales. The goal of Waltz Health is to empower consumers with better access to affordable medications while improving the overall efficiency of the pharmaceutical supply chain.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnerships with PBMs like Serve You Rx enhance Waltz Health's market reach.
  • Recent $35.4M funding round supports further technological innovation and expansion.
  • Entry into the Medicare market opens new revenue streams and customer base.

What critics are saying

  • Increased competition from AI-driven platforms may challenge Waltz Health's market position.
  • Regulatory complexities in the Medicare market could impact operations and compliance.
  • Dependence on PBM partnerships exposes Waltz Health to potential partner-related risks.

What makes Waltz Health unique

  • Waltz Health offers a unique AI-powered platform for specialty medication management.
  • The company provides a comprehensive cash card solution for comparing pharmacy prices.
  • Waltz Health's Marketplace Search technology enhances transparency in medication pricing.

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Funding

Total Funding

$35.4M

Above

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$35.4M
Waltz Health

Benefits

Competitive compensation

Stock options

Flexible vacation

Medical, dental, vision

401k

Commuter benefits

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

7%

2 year growth

2%
Hit Consultant
Apr 1st, 2025
Serve You Rx Integrates With Waltz Health’S Ai Specialty Pharmacy Platform

Serve You Rx Integrates With Waltz Health’s AI Specialty Pharmacy Platform. by Fred Pennic 04/01/2025 Leave a Comment. What You Should Know: – Serve You Rx, a full-service pharmacy benefit manager (PBM), has announced a strategic partnership with Waltz Health to integrate Waltz Connect, an AI-powered specialty platform. – The collaboration aims to address the rapidly escalating costs of specialty medications, which have surged by over 40% in recent years, reaching $300 billion annually.Enhanced Specialty Medication ManagementBy integrating Waltz Connect, Serve You Rx is reinforcing its commitment to flexibility and innovation within the PBM sector. This partnership offers clients a departure from traditional specialty pharmacy limitations, delivering substantial cost savings and improved efficiency.Waltz Connect’s AI-Driven MarketplaceThe Waltz Connect platform provides Serve You Rx clients and members with several key benefits, including:Dynamic Marketplace: A competitive environment where specialty pharmacies compete based on service quality, clinical outcomes, and price.Intelligent Specialty Engine: Waltz Health’s proprietary, AI-driven engine analyzes factors like clinical requirements, pricing structures, and patient eligibility to identify the most cost-effective and clinically appropriate pharmacy for each individual.Improved Access and AffordabilityThis solution is designed to remove significant barriers to access and affordability for high-cost specialty medications. It ensures that patients receive their treatments promptly from the most suitable pharmacy, while simultaneously enhancing cost efficiency and care quality.Availability:This new offering will be available to Serve You Rx clients starting May 1, 2025.“Our mission at Serve You Rx has always been to deliver exceptional, tailored pharmacy benefit solutions,” said Justin Jasniewski, CEO of Serve You Rx. “This strategic enhancement allows us to leverage cutting-edge technology to reduce specialty drug costs further while maintaining our unwavering commitment to patient care.”

Silverwood Partners
Dec 5th, 2024
Healthcare Private Placement and M&A Transactions Review Week Ending December 1, 2024

Waltz Health: The company raised $17.5 million of venture funding from undisclosed investors on November 27, 2024.

Fierce Healthcare
Nov 7th, 2024
CerpassRx, Waltz Health team up to bring down specialty pharmacy costs

CerpassRx, an independent pharmacy benefit manager, is teaming up with Waltz Health to launch a new AI-powered tool that aims to better manage specialty drug spending.

Morningstar
Oct 21st, 2024
Noom Unveils Two New Enterprise Products to Help Employers Offer, Manage, and Effectively Control GLP-1 Expenses

Noom partnered with Waltz Health to provide direct, cost-effective access to GLP-1 medications, bypassing traditional intermediaries and reducing overall treatment costs for employers.

Yahoo Finance
Aug 26th, 2024
Waltz Health Launches Waltz Connect to Lower Costs of Specialty Medications

Waltz Health launches Waltz Connect to lower costs of specialty medications.

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