CoverMyMeds could top $100M this year as it adds new products

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

CoverMyMeds LLC could top $100 million in revenue this year, and new software products mean 2016 should continue the 5-year-old company’s history of doubling every year, co-founder Matt Scantland said.

Here’s why: Early growth was fueled by solving an extreme pain point in a huge market – the frustrating, lengthy paper-based process for obtaining prior authorizations of prescriptions from insurers. Now that the Columbus software maker has become an essential feature in many pharmacy order systems and the largest electronic health records, it’s adding features and products that will embed it deeper in the prescription-writing process.

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Originally published October 7, 2015.

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