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Foundation Health Secures $20M Series A to Scale AI-Powered Infrastructure for Pharmacy Operations, Care Coordination, and Direct-to-Patient Delivery

By: Foundation Health via GlobeNewswire

October 09, 2025 at 10:00 AM EDT

Funding Supports Expansion of PAIGE AI Pharmacist Assistant, Driving Intelligent Automation for Prior Authorizations and Patient Communication

Comprehensive Platform Reduces Manual Pharmacy Workflows by Up to 75% While Powering Fully Integrated Care Experiences

SAN FRANCISCO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Foundation Health, a healthcare technology company delivering comprehensive AI-powered infrastructure spanning pharmacy operations, care coordination, and direct-to-patient delivery, today announced the close of a $20 million Series A funding round. Led by Define Ventures, with participation from Vanderbilt University, Intermountain Ventures, and existing investors, the round brings total funding to $26 million since the company’s founding in 2023. The capital will be used to scale Foundation Health’s sales and operations teams, accelerate development of its comprehensive pharmacy solution suite, and meet growing demand from health systems and direct-to-consumer healthcare organizations seeking to reduce pharmacist administrative burden and improve patient experiences.

"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, from large health systems to innovative D2C brands, deliver high-quality care with less friction. This funding enables us to scale rapidly and serve a broader range of partners.”

The funding follows the launch of PAIGE AI, Foundation Health’s in-house AI pharmacist assistant that automates patient communication and prior authorization workflows across medical and pharmacy benefits. Integrated across major EHRs, including Epic, PAIGE handles refill processing, adherence outreach, benefits verification, medication onboarding, and prior authorization submissions, and is HIPAA and SOC 2 compliant. By automating high-volume, repetitive tasks, PAIGE reduces care team workload by up to 75%, accelerates therapy initiation, improves patient adherence, and frees pharmacists to focus on complex clinical care.

“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 pharmacists and patients. We're thrilled to back Umar and the team as they lead the next wave of AI-powered pharmacy operations.”

Foundation Health is already delivering value for leading health systems, driving efficiency across both pharmacy and administrative workflows. At Intermountain Health, the platform automates its specialty pharmacy patient communications, including assessment calls, refill reminders, benefits verification, and medication onboarding, reducing staff workload and improving throughput. These patients typically have complex, chronic, or rare conditions that require medications that need special handling, administration, or monitoring, and an increased level of patient education and support.

Meanwhile, at Hackensack Meridian Health, Foundation Health has accelerated order-to-fulfillment workflows and digitized payment and copay processes, freeing up care teams to serve more patients.

"We are thrilled to partner with Foundation Health and their amazing technology,” said Eboney Hadnott, Network Director, Ambulatory Care Pharmacy Services at Hackensack Meridian Health. “This collaboration will help us streamline our administrative tasks, allowing us to focus more on what truly matters—our patients."

Unlike point solutions that address single workflows, Foundation Health's comprehensive platform delivers an end-to-end solution that streamlines pharmacy and care operations. Alongside PAIGE, the solution suite includes:

Digital Pharmacy Platform: A white-labeled, fully integrated solution that enables organizations to provide patients with a modern, frictionless front-end pharmacy experience, from creating accounts to managing refills and copays to mail order and home delivery.
Pharmacy Dashboard: A cloud-based interface that unifies fragmented workflows, including benefit verification, prescriptions, orders, patient communications, prior authorization workflows, and delivery logistics, giving pharmacy teams real-time visibility and control.
Direct-to-Patient Platform: End-to-end solution for pharmaceutical manufacturers and consumer health brands to connect patients directly with therapies, from diagnostics to telehealth consults to at-home prescription delivery.

To learn more about Foundation Health’s full suite of tech-enabled solutions, visit https://www.foundationhealth.com/

About Foundation Health
Foundation Health is a pioneering healthcare technology company on a mission to power the next generation of consumer healthcare experiences. By delivering affordable, tech-enabled pharmacy and telehealth experiences at scale, Foundation Health empowers clients to take control of healthcare delivery, streamline operations, and redefine the consumer healthcare experience worldwide. The company's PAIGE AI platform enables healthcare organizations to automate patient communications and prior authorizations while maintaining the human touch essential to quality care. With enterprise-grade infrastructure designed for seamless integration and robust security compliance, Foundation Health is backed by industry leading investors including Define Ventures, Vanderbilt University, Intermountain Ventures, Garry Tan (CEO, Y Combinator), Transpose Platform, Tuesday VC, Alt Capital, Box Group, Liquid Ventures, Exceptional Capital, Calm/Storm Ventures, and PageOne Ventures, with support from additional prominent angel investors. For more information, visit www.foundationhealth.com.

Media Contact
Emily Fox
press@foundationhealth.com