NuScriptRX is a Nashville-based institutional pharmacy founded in 2007 that focuses on serving the pharmaceutical needs of long-term care facilities and their patients within the United States. The company differentiates itself through a unique reduced cost of medication dispensing model, utilizing a highly automated robotic system for dispensing pharmaceuticals on a short cycle basis and providing medications in specialized unit dose patient packaging. This approach not only reduces costs but also ensures improved medication access by providing localized remote dispensing through an integrated technology-enabled system in each client’s long-term care or rehab facility on a 24/7 basis. Furthermore, NuScriptRX emphasizes higher quality assurance standards for patients through an integrated medication management system that enables nurses to provide higher quality assurance and safety using a patient dosing system combined with doses by medpass time with barcoding.
The company secured a $3.85M Venture Round investment on 18 March 2015, reflecting investor confidence in its innovative approach within the Biotechnology, Health Care, and Pharmaceutical industries.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | $3.85M | - | 18 Mar 2015 | |
| Series D | $11.03M | 5 |
|
11 Jul 2014 |
| Convertible Note | Unknown | 1 |
|
20 Jun 2013 |
| Venture Round | $8.53M | 5 |
|
11 Jun 2013 |
| Venture Round | $1.95M | 3 |
|
01 Mar 2013 |
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