RxWiki, Inc., a rapidly growing eHealth company connecting pharmacies and patients through its Digital Pharmacist SaaS platform, announced today that Christopher J. Loughlin has been appointed Chief Executive Officer and a member of the company’s Board of Directors. Loughlin previously served as Chief Executive Officer of Travelzoo Inc. Founder and current Chief Executive Officer, Donald Hackett, will remain a member of the company’s Board of Directors.
“Chris is a world-class business executive with over 20 years experience successfully building and growing digital businesses. He will lead the company at a time of exciting growth and will significantly advance the organization and adoption of our Digital Pharmacist platform.” said Krishna Srinivasan, member of the Board of Directors of RxWiki, Inc. and founding General Partner at LiveOak Venture Partners.
According to Grand View Research Inc., the global eHealth industry is expected to double in size to $308 billion by 2020, and the transition to digital and mobile systems for the management and distribution of medications will be a key growth driver.
Pharmacists are fulfilling an ever important role in ensuring medication adherence and delivering patient care services through retail clinics and within integrated delivery networks. Increasingly these services are delivered via digital platforms and mobile applications.
RxWiki is the market leader among community pharmacies providing a patient engagement platform with the very latest medication and video content:
- The Digital Pharmacist SaaS platform (digitalpharmacist.com) enables over 1,100 specialty and community pharmacy websites, mobile applications and email newsletters. Patients can request refills and obtain the latest information about their medication through pharmacy branded websites and mobile apps.
- RxWiki (www.rxwiki.com) is a medication information website edited and approved by pharmacists, with over 20,000 original articles, 7,500 health-related videos, 100 disease condition channels, co-pay assistance programs and a free “Ask a Pharmacist” service. More than 5,000 community pharmacies syndicate RxWiki’s content to engage with patients on social media and increase their brand awareness.
“I’m excited to join the RxWiki team,” said Chris Loughlin, Chief Executive Officer, “eHealth is at a critical inflection point, driven by patients who expect to manage their health and medicines seamlessly through online and mobile channels. RxWiki’s digital products are at the forefront of patient engagement, giving specialty and community pharmacies capabilities that are on-par with the national pharmacy chains.”
About RxWiki
RxWiki, Inc., is a rapidly growing eHealth company connecting pharmacies and patients through its Digital Pharmacist SaaS platform (digitalpharmacist.com) and RxWiki consumer brand (www.rxwiki.com). The Digital Pharmacist SaaS platform enables over 1,100 specialty and community pharmacy websites, mobile applications and email newsletters. Patients can request refills and obtain the latest information about their medication through pharmacy branded websites and mobile apps. RxWiki.com is a medication information website edited and approved by pharmacists, with over 20,000 original articles, 7,500 health-related videos, 100 disease condition channels, co-pay assistance programs and a free “Ask a Pharmacist” service. More than 5,000 community pharmacies syndicate RxWiki’s content to engage with patients on social media and increase their brand awareness. RxWikiTV is a rapidly growing in-pharmacy video network currently available in 50 locations nationwide. RxWikiTV broadcasts a daily 30-minute TV show focused on seasonal health issues, health news and FDA alerts. RxWiki, Inc. completed a series A funding in October, 2015, raising $5.75 millionfrom investors including LiveOak Venture Partners and Milestone Venture Partners LP. The company is headquartered in Austin, Texasand has 55 employees.
About LiveOak Venture Partners:
LiveOak is a $109MM Venture Fund based in Austin, TX and was founded by Ben Scott, Krishna Srinivasan, and Venu Shamapant (all formerly of Austin Ventures). While many of LiveOak’s investments begin at the seed stage, LiveOak is a full lifecycle investor focused on technology and technology-driven service companies primarily based in Texas and the Southwest.
With over 15 years of successful early stage investing in Texas, the Founders of LiveOak have helped entrepreneurs create industry-leading companies, such as Spatial Wireless (acquired by Alcatel-Lucent), Navini Networks (acquired by Cisco Systems), LifeSize Technologies (acquired by Logitech) and Mavenir Systems, and StackEngine (Acquired by Oracle).
About Milestone Venture Partners:
Milestone Venture Partners is an early stage venture capital fund with $135 million under management. The firm invests in high growth, technology-enabled services companies which have initial users and early revenue. Milestone invests approximately 80% of its capital in Digital Health businesses which provide technology solutions to providers, payors, biopharmaceutical firms, and patients. The firm is managed by Todd T. Pietri, F. Morgan Rodd, Jr., Edwin A. Goodman, and Richard Dumler.
SOURCE RxWiki, Inc.
