Rightway Healthcare Raises $8.0 Million in Series A Fundraising
Rightway Healthcare, a New York-based enterprise healthcare platform providing a patient navigation and advocacy platform for employers and their employees, announced the completion of its Series A financing. The Company raised $8.0 million from new and existing investors, consisting of strategic family offices. In conjunction with the Series A round, Jonathan Locker, a participating investor and former partner at Tiger Global Management, has joined Rightway’s Board.
Rightway Healthcare is an innovative healthcare platform which combines cutting edge technology with dedicated healthcare professionals to provide a high quality, cost efficient healthcare ecosystem for employers and their employee members. Co-founded by Jordan Feldman and Dr. Ted Feldman in 2017, Rightway works directly with companies to optimize employer expenditure, while delivering efficient healthcare solutions for their employees. The new capital raised will enable Rightway to continue scaling its strong growth by expanding its sales team, increasing the breadth of its product offering and entering new markets.
Jordan Feldman, Rightway’s CEO, said, “Rightway helps employers to streamline healthcare offerings with a high-tech and high-touch service, curated specifically for their employees’ needs. Our goal is to reshape the healthcare landscape by offering pioneering technology and exceptional service, which results in improved outcomes, higher user satisfaction and lower costs. The potential of our approach can be seen in the strong traction we’ve had with employers and the incredible testimonials we get from our members. We are excited to continue expanding our impact with significantly more resources and the support of our aligned investors and Board.”
Jonathan Locker added, “Having also invested in Rightway’s seed round, I’ve been able to watch Jordan and the team’s strong vision and consistent execution, as they drive better patient outcomes, lower employer costs and build a uniquely valuable business.”
Rightway has successfully expanded from its initial focus in Florida and New York to providing the service on a national basis to employers ranging from 250 to 10,000 employees. Rightway is working with employers across several verticals, ranging from business and professional service to technology to labor unions. Previously, the Company raised $2 million in a seed round in November 2017.