We’re thrilled to share another major milestone in our journey: Foundation Health has raised $20 million in Series A funding to accelerate our mission of transforming how healthcare organizations deliver pharmacy, care coordination, and direct-to-patient services.
Read the article: https://www.globenewswire.com/news-release/2025/10/09/3164291/0/en/Foundation-Health-Secures-20M-Series-A-to-Scale-AI-Powered-Infrastructure-for-Pharmacy-Operations-Care-Coordination-and-Direct-to-Patient-Delivery.html
This round was led by Define Ventures, with participation from Vanderbilt University, Intermountain Ventures, and our existing investors. It brings our total funding to $26 million since our founding in 2023 - and it’s a huge step forward in building the infrastructure that will power the next generation of connected, AI-driven healthcare.
Powering the Future of Pharmacy Operations
At Foundation Health, we’re redefining what healthcare operations look like. Our PAIGE AI pharmacist assistant automates time-intensive tasks like refill processing, adherence outreach, benefits verification, and prior authorizations - reducing manual workloads by up to 75% and freeing pharmacists to focus on what matters most: patient care.
Integrated with major EHR systems like Epic, PAIGE AI helps organizations move faster, communicate better, and deliver higher-quality care with less friction.
“Pharmacy’s operational backbone hasn’t evolved to meet today’s patient expectations or system-level complexity,” said Umar Afridi, Founder and CEO of Foundation Health. “We built Foundation to be a modern infrastructure layer that helps care organizations deliver high-quality care with less friction. This funding enables us to scale rapidly and serve a broader range of partners.”
Backed by Leaders in Healthcare Innovation
“Foundation Health is redefining what the pharmacy experience should look like in modern healthcare,” said Lynne Chou O’Keefe, Founder and Managing Partner at Define Ventures. “Their approach is comprehensive, scalable, and AI-native - and solves real pain points for both pharmacists and patients. We’re thrilled to back Umar and the team as they lead the next wave of AI-powered pharmacy operations.”
Our technology is already making an impact across leading health systems:
- At Intermountain Health, Foundation Health automates specialty pharmacy communications - supporting patients with complex therapies while reducing staff workload.
- At Hackensack Meridian Health, our platform accelerates order-to-fulfillment workflows and digitizes payment and copay processes, freeing care teams to focus on patients.
“We’re thrilled to partner with Foundation Health and their amazing technology,” said Eboney Hadnott, Network Director of Ambulatory Care Pharmacy Services at Hackensack Meridian Health. “This collaboration helps us streamline administrative tasks and focus more on what truly matters - our patients.”
Building the Infrastructure for What’s Next
Unlike point solutions that solve one workflow at a time, Foundation Health provides a comprehensive, end-to-end platform for pharmacy and care operations. Our solution suite includes:
- PAIGE AI Pharmacist Assistant – Automating patient communication and prior authorizations
- Digital Pharmacy Platform – A white-labeled experience for onboarding, refills, and delivery
- Pharmacy Dashboard – Real-time visibility across benefits, prescriptions, orders, and logistics
- Direct-to-Patient Platform – Connecting patients directly to therapies through diagnostics, telehealth, and home delivery
What’s Ahead
This new funding allows us to expand our team, accelerate product development, and continue building intelligent infrastructure that helps healthcare organizations deliver care that’s fast, connected, and patient-first.
We’re just getting started - and we couldn’t be more excited about what’s ahead.