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WriteWise

Pharmacy stop-loss insurance and pricing intelligence for self-funded employers

Underwriting & Risk Startup Series A
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Overview

WriteWise is a pharmacy stop-loss insurance and benefits management platform for self-funded employers, third-party administrators (TPAs), and brokers. The company underwrites pharmacy benefit guarantees and provides AI-powered pricing intelligence to help employers gain financial certainty over prescription drug costs. Its products address both insurance risk transfer and the transparency gap in pharmacy benefit management.

The platform operates through two main offerings: insurance-backed pharmacy stop-loss products and the MavRx marketplace, a technology platform connecting pharmacy benefit managers, producers, consultants, MGUs, and TPAs. WriteWise underwrites per-member-per-month (PMPM) guarantees and converts PBM performance guarantees into capital-backed liabilities, differentiating it from traditional PBM arrangements. The platform includes machine learning models trained on pharmacy claims data for analytics, benchmarking, and automated repricing.

Founded in 2023 by Hari Sundram, Matt Levinson, and Nadav Mor, WriteWise has raised USD 17M across a seed round and Series A from GreatPoint Ventures, ManchesterStory, Altai Ventures, and Virtue Austin. As of 2026, the platform covers 30,000 insured Americans and integrates with more than 20 pharmacy benefit managers.

Products & Services

PMPM Guarantee

Insurance-backed fixed per-member-per-month cap on annual pharmacy spend for self-funded employers. WriteWise underwrites, validates, and assumes risk on PBM PMPM guarantees, converting them into capital-backed liabilities.

Key Features

  • Live monitoring and NDC-level PBM pricing validation
  • End-of-year auditing included
  • Typically delivers stop-loss rate reductions of 15-25%
  • A-rated insurance backing

Target Users: Self-funded employers, TPAs, brokers managing pharmacy costs

RxProtect

Dedicated pharmacy stop-loss insurance that carves prescription drug risk out of medical plans. Designed for self-funded ASO plans and groups separating pharmacy from bundled arrangements.

Key Features

  • A-rated insurance backing
  • Third-party claims auditing
  • Competitive pricing for specialty-heavy or carved-out pharmacy populations

Target Users: Self-funded plan sponsors with carved-out pharmacy benefits

Essential Suite

Subscription pharmacy coverage for Limited Medical / MEC supplement plans with tiered pricing:

Key Features

  • Basic: USD 5.95 PMPM (700+ drugs)
  • Premier: USD 14.95 PMPM (1,200+ drugs)
  • Premier+: USD 29.95 PMPM (1,400+ drugs)

Target Users: Employers transitioning from fully-insured models, small groups, public sector organizations, Limited Medical Plan sponsors

Optimal Suite

Comprehensive pharmacy coverage with an open formulary option and closed formulary tiers.

Key Features

  • Standard: USD 49.95 PMPM with open formulary
  • Closed: Fixed formularies at approximately 76%-93% coverage (custom pricing)
  • Specialty drug access with tiered monthly benefit caps

Target Users: Self-funded employers seeking comprehensive Rx coverage

WriteWise Cash Card

Discount card providing up to 80% off prescriptions for non-formulary medications. No prior authorization required.

Target Users: Plan members needing non-formulary medication access

MavRx Platform

Pharmacy benefit pricing, protection, and analytics marketplace connecting PBMs, producers, consultants, MGUs, and TPAs.

Key Features

  • GoPricing: cost-based evaluation of pharmacy spend
  • Automated data normalization and quote request automation
  • Historical analytics and predictive insights
  • PBM benchmarking and proposal generation
  • Claims file analysis and dashboard visualization
  • 24-hour guaranteed quote turnaround
  • PBM auditing and rapid repricing

Target Users: Brokers, TPAs, MGUs, PBMs, pharmacy benefit consultants

At a Glance

Founded
2023
Headquarters
Boston, Massachusetts
Employees
1-10
Funding
Series A

Category & Focus

Category
Underwriting & Risk
Subcategories
Pharmacy Benefits Management Stop-Loss Insurance Benefits Analytics
Insurance Verticals
Health Group Benefits
Target Customers
Employers, TPAs, Brokers, MGAs/MGUs

Customers

  • Goliath Sales Strategies
  • MedImpact
  • Luminare Health

Links

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Last updated: 2026-06-20