CoverMyMeds is a healthcare software company that creates software to automate the prior authorization process used by some health insurance companies in the United States. The company was founded in 2008 and has offices in Ohio. Since early 2017, it has operated as a wholly owned subsidiary of McKesson Corporation.
CoverMyMeds was founded in 2008 by pharmacist Sam Rajan and developer Matt Scantland to create automated prior authorization software. That same year, JumpStart Ventures invested $250,000 into CoverMyMeds. By 2011, CoverMyMeds had raised a total of $1 million.
In 2008, in response to a lack of space from the growing number of employees, CoverMyMeds opened a new office in Columbus, Ohio and moved most of its technical employees there. In the years following, CoverMyMeds saw most of its growth in Columbus, benefited by tax credits offered by the state of Ohio and city of Columbus. As of 2014, 120 of CoverMyMeds' 150 employees were in Columbus. In a 2014 Columbus Business First interview with co-founder Matt Scantland, when asked which city is considered the headquarters of CoverMyMeds, Scantland stated, "Both Columbus and Twinsburg serve critical functions in our company. Relative to our daily operations, we don't really think about having a 'headquarters.'"
In 2014, Francisco Partners invested an undisclosed minority stake in CoverMyMeds. That same year, CoverMyMeds was offered government tax credits in exchange for growth plans. These growth plans included creating 116 new jobs in the following years. During this time, CoverMyMeds moved its office in Columbus from the Arena District to a larger space in Columbus' Scioto Mile at 2 Miranova building.
Highest paying job titles at CoverMyMeds include Software Engineer, Implementation Manager, and Product Manager