Breaking
House Rx raises $55M Series B Time Magazine Top HealthTech of 2025 Smart PA automates 80% of prior authorizations $1.5B specialty prescriptions processed annually 95% medication adherence vs. 70% industry average 80 clinic sites, 1,000+ providers, 61,000+ patients Time to fill: 3.5 days vs. 15.5-day industry average Backed by NEA, Bessemer, First Round Capital House Rx raises $55M Series B Time Magazine Top HealthTech of 2025 Smart PA automates 80% of prior authorizations $1.5B specialty prescriptions processed annually 95% medication adherence vs. 70% industry average 80 clinic sites, 1,000+ providers, 61,000+ patients Time to fill: 3.5 days vs. 15.5-day industry average Backed by NEA, Bessemer, First Round Capital
House Rx logo

San Francisco, CA
Est. 2021

Healthcare Technology

House Rx

Putting the pharmacist back next to the doctor - where they should have been all along.

Specialty Pharmacy AI-Enabled Series B Healthtech 2025 San Francisco
$100M
Total Raised
95%
Med. Adherence
3.5d
Fill Time
61K+
Patients Served
Profile / Healthtech

The Pharmacy Sitting in the Waiting Room

Imagine you've just been diagnosed with cancer. You leave your oncologist's office with a prescription for a specialty drug that costs thousands of dollars a month. Your doctor's nurse says the pharmacy will be in touch. Two weeks pass. You make phone calls. You navigate automated phone trees. You fax forms to an insurance company. Your medication still hasn't arrived.

That two-week gap - between diagnosis and first dose - is what House Rx was built to collapse. Not with a wellness app or a chatbot. With a pharmacy that lives inside the clinic itself.

Since 2021, the San Francisco company has been rolling out what it calls medically integrated dispensing (MID): a model where the pharmacist isn't at a call center in Phoenix, but down the hall from your oncologist, integrated into the same electronic health record, coordinating care in real time. The average fill time through House Rx's platform is 3.5 days. The industry average is 15.5 days.

Those among us who are battling the most serious disease are having the hardest time getting the medication that they need, which is a huge irony in American health care. This is the problem we're trying to solve.

- Ogi Kavazovic, Co-Founder & CEO

The Problem Is Structural

Specialty drugs - biologics, oncology agents, rare disease treatments - account for over half of all US drug spending, dispensed to less than 2% of patients. These are the most complex, most expensive, most time-sensitive medications in the system. They're also the ones most likely to get stuck in administrative purgatory.

The existing model hands control to pharmacy benefit managers (PBMs) - large intermediaries like CVS Caremark, Express Scripts, and OptumRx that sit between the physician and the patient. PBMs process prior authorizations, coordinate insurance, and ship medications through mail-order facilities. The incentives, however, are not obviously aligned with getting patients their medication faster. They're aligned with managing cost at scale.

For a cancer patient starting chemotherapy, a two-week delay isn't an inconvenience. It's a clinical event.

By the numbers

The average specialty pharmacy patient managed through traditional PBM channels waits 15.5 days for their first dose. House Rx cuts that to 3.5 days - 12 days faster, during the period when patients are most anxious and most vulnerable.

Two People Who Had Seen This Before

Ogi Kavazovic and Tesh Khullar are not pharmacy outsiders with a disruption thesis. Both came from Flatiron Health, the oncology software company that built deeply into hundreds of cancer clinics before being acquired by Roche in 2018. They spent years watching what happens when physicians and pharmacists are on different systems, different timelines, different organizational charts. The friction wasn't incidental. It was baked in.

They left Flatiron with a specific bet: that the medically integrated dispensing model - where the clinic both treats and dispenses - could be made scalable with the right technology. The problem wasn't that MID was impossible. It's that building and running an in-house pharmacy requires significant operational infrastructure that most independent specialty clinics don't have.

House Rx provides that infrastructure.

We started House Rx to make the medically integrated dispensing model the new normal in specialty pharmacy.

- Tesh Khullar, Co-Founder & President
House Rx - Key Milestones
21
2021
Founded in San Francisco by Ogi Kavazovic and Tesh Khullar, alumni of Flatiron Health. Seed funding closed.
22
March 2022
$30M Series A led by Bessemer Venture Partners and First Round Capital. Platform launched in first oncology clinics.
22
Late 2022
Expanded into rheumatology, partnering with Arizona Arthritis & Rheumatology Associates and two other major practices.
23
2023
Partnership with National Cancer Care Alliance for analytics. Platform reaches 1,000+ provider network.
25
April 2025
Launched Smart PA - generative AI that automates 80% of prior authorization workflows. 92% first-pass approval rate.
25
November 2025
$55M Series B led by NEA and Town Hall Ventures. Total funding reaches $100M. Processing $1.5B in specialty prescriptions annually.

The Platform: One Team, One System

The House Rx platform is built around a single thesis: the physician, pharmacist, nurse, and care coordinator should function as one clinical team, not as separate organizations that communicate by fax.

The technology integrates directly into a clinic's existing EHR system, letting prescribers collaborate with House Rx pharmacists within the same interface they already use for patient records. Prior authorizations, refill coordination, financial counseling, insurance navigation - all of it flows through one system rather than bouncing between phone calls and portals.

Core MID Platform

Cloud-based pharmacy management built for in-clinic dispensing. Direct EHR integration, real-time analytics, pharmacist-physician collaboration tools.

Smart PA

AI prior authorization tool launched 2025. Generates complete responses in ~15 seconds. 80% automation rate, 92% first-pass approval. Previously took staff hours.

Financial Counseling

Automated patient assistance program navigation, copay processing, and cost reduction tools integrated into the care workflow.

Care Analytics

Real-time operational dashboards and clinical insights for clinic leadership, including adherence tracking and inventory management.

House Rx vs. Traditional Specialty Pharmacy
Key performance metrics - source: House Rx
Adherence Rate
95%
Industry Avg. Adherence
70%
First-Pass PA Approval
92%
PA Automation Rate
80%
The kind of numbers that make a PBM nervous. And should.

The Proof: Clinics, Patients, Numbers

House Rx now operates across 80 clinic sites in states including California, Washington, Virginia, Arizona, Pennsylvania, North Carolina, and Tennessee. It serves nearly 61,000 patients through a network of 1,000+ providers, primarily in oncology and rheumatology. The platform processes approximately $1.5 billion in specialty prescriptions annually, with the company projecting growth to $3 billion by end of 2026.

The outcome data is specific. Clinics using House Rx see 95% medication adherence against a 70% industry average. Total healthcare costs for patients managed through the platform run roughly 13% lower. Prescribers reclaim 20+ hours per week in administrative time - time previously consumed by prior authorization phone calls and refill follow-ups.

Patient satisfaction scores run 50% higher than comparable care. Time to first dose is four times faster.

The specialty pharmacy market is broken - the patients with some of the most challenging health conditions are the ones having the hardest time getting the medications they need.

- Ogi Kavazovic, CEO

Smart PA: The AI That Does the Paperwork

In April 2025, House Rx released Smart PA, its generative AI prior authorization tool - and the case it makes is almost absurdly direct. Prior authorization is a paperwork process that delays critical medications. The paperwork asks predictable questions. The answers already exist in the patient's EHR. The only reason a human was doing it is that no one had automated it yet.

Smart PA retrieves the payer's question set, pre-fills responses using patient records, generates a complete prior authorization response in approximately 15 seconds, and submits it in under 60 seconds. First-pass approval rate: 92%. The company says it automates 80% of PA workflows, and plans to expand AI coverage to 85% of all pharmacy software workflows including scheduling, prescription intake, and documentation.

That's not a stretch goal. It's a roadmap for what happens when the people building software actually understand what the software is supposed to replace.


The Funding Stack

In November 2025, House Rx closed a $55 million Series B led by New Enterprise Associates and Town Hall Ventures, bringing total funding to $100 million. NEA is one of the oldest and largest healthcare-focused venture firms in the US. Town Hall Ventures was co-founded by Andy Slavitt, who ran the Centers for Medicare and Medicaid Services under President Obama - a signal that the investors believe this isn't a niche play but a structural reordering of how specialty pharmacy works at the system level.

Earlier backers include Bessemer Venture Partners, First Round Capital, Character.vc, LRVHealth, and Silicon Valley Bank. The Series A in March 2022 was $30 million.

Why It Matters Tomorrow

Specialty pharmacy spending is growing faster than any other segment of US healthcare. The drugs are getting more expensive, more complex, and more dependent on adherence to work. The administrative infrastructure required to access them is not improving. If anything, prior authorization requirements have expanded substantially over the past decade.

House Rx's argument is not that PBMs will disappear. It's that for the subset of patients who are being treated at specialty clinics - oncology, rheumatology, rare disease - the medically integrated model produces measurably better outcomes at measurably lower cost. And that with the right technology, any specialty clinic can run it.

Named one of Time Magazine's Top HealthTech Companies of 2025, the company is approaching 280 employees and processing prescriptions at a pace that doubles its prior year volume. The waiting room where a patient once got their diagnosis and then waited two weeks for a drug to arrive - that's the room House Rx has its sights on. The pharmacist is already there. The software is what makes the difference.

We're ready to scale operations to meet the exploding demand for alternatives to traditional pharmacy benefit manager models.

- Ogi Kavazovic, CEO

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