eNavvi: When Doctors Play Startup and Nail It!
What eNavvi does:
eNavvi is a game-changing formulary database, focusing on Medicare and Medicaid formularies in Hawaii, California, and Nevada. It's on a mission to bridge the information gap in the US healthcare system concerning prescription medication coverage and drug costs.
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What’s Currently Going on in the Industry?
In the vast sea of healthcare startups, many cater to patients, like GoodRx, which offers coupons to cut down those pesky out-of-pocket costs. Then there are the big fish like Surescripts and OptumRX, offering drug pricing tools that, let's be honest, are a tad self-serving, focusing only on their parent companies' interests.
Company Birth Story
Picture this: Dr. Simon Chang, DO, at UCLA, frustrated by the fragmented delivery of healthcare data. Enter Dr. Howard Yan, MD, a double Harvard grad, who's been around the block with Boston Consulting Group, deeply passionate about drug price transparency. The dynamic duo saw the chaos, rolled up their sleeves, and birthed eNavvi. A classic tale of "see a problem, fix a problem."
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The Solution
eNavvi isn't just another database; it's THE database. While others offer piecemeal solutions, eNavvi provides all formulary information in one place. It's like the Swiss Army knife for doctors, giving them everything from out-of-pocket costs to drug classifications and even prior authorizations. And the cherry on top? It's expanding nationwide.
Why You Should Try Them Out
Ever had that awkward chat with a patient about out-of-pocket costs? With eNavvi, those days are over. One doctor gushed, "eNavvi helped me find a budget-friendly alternative for my patients in seconds." So, if you're in the healthcare game, this is the tool you didn't know you needed.
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Why You Should Invest
Let's connect the dots. The healthcare industry is massive, and the need for drug price transparency is glaring. eNavvi is not just filling a gap; it's building a bridge. With plans to expand nationwide and include all insurance health plans, the growth potential is off the charts. And remember, it's not just about profits; it's about better health outcomes. So, if you're looking for the next big thing in healthcare startups, eNavvi might just be your golden ticket.
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