
Alchemy
In-house pharmacy solutions for underserved clinics.
Date | Investors | Amount | Round |
---|---|---|---|
* | $31.0m | Seed | |
Total Funding | 000k |
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Alchemy is an innovative healthcare technology company that provides comprehensive solutions for setting up and operating in-house pharmacies within underserved clinics. The company focuses on serving Federally Qualified Health Centers (FQHCs), STD clinics, and Ryan White clinics, with a particular emphasis on HIV and Hepatitis C patient populations. Alchemy offers a unique three-layered approach: a physical layer for building and launching pharmacies, a clinical layer for expanding patient reach, and a digital layer for optimizing operations and patient communication.
The company's platform is designed to address critical issues in medication access and adherence, particularly for vulnerable communities. By integrating pharmacy services directly into clinics, Alchemy aims to improve patient care, enhance medication adherence, and optimize the financial impact of 340B programs for safety net providers. Their services include ROI analysis, staffing, contracting, and ongoing operational support, allowing clinics to maintain full ownership and control of their pharmacies.
Alchemy also extends its impact beyond the clinic walls through mobile testing programs for HIV, Hepatitis C, and other STDs, helping to identify and treat at-risk populations. The company's digital tools facilitate efficient pharmacy management, patient engagement, and data-driven decision-making. With a focus on eliminating barriers to care and serving underserved communities, Alchemy has attracted significant investment and support, including from notable figures like Magic Johnson.
Founded by a team with extensive experience in global HIV access programs and pharmacy operations, Alchemy is rapidly expanding its reach across the United States. The company's innovative approach not only aims to improve healthcare delivery but also to strengthen the financial sustainability of safety net clinics, ultimately contributing to a more equitable healthcare system.