Liza Vilnits, thank you and Beyond Trending for highlighting Tip a ScRxipt in your July Edition of Mission-minded.
Welcome to the July edition of ✨“Mission-minded: Building for Tomorrow" ✨ ............. Affordable healthcare remains a struggle in the US, and out-of-pocket expenses continue to increase drastically. Working to address that hurdle, Tip a ScRxipt has launched a controlled-expense debit card platform that enables government, healthcare providers, health plans, foundations, and community organizations to provide “payment assistance with guard rails.” 😱 1) Why care? According to KFF polling data (https://bit.ly/4cMHxQw), 1 in 4 adults in the US have skipped or postponed getting care in the past 12 months because of the cost. Fifty-eight million Americans also struggle to pay out-of-pocket costs for medications. It’s important that medical treatment, preventative care, and food security are prioritized and made accessible in this country. 🔥 2) What makes the co. credible? They’ve serviced organizations such as Greater Milwaukee Foundation and they partnered with American Family Insurance to launch a payment assistance program with Outreach Community Health Centers. Tip a ScRxipt was accepted into gener8tor's Northwestern Mutual Black Founders accelerator and received investment funds. In 2021, they closed a Seed Round of $500K led by Milwaukee’s Gateway Capital. They were also named 21 startups to watch that year by Wisconsin Inno and the Milwaukee Business Journal. 💓 3) What I love about their story? Founder Chad Johnson was inspired to launch Tip a ScRxipt when his mother lost her retiree insurance and was forced to apply for Medicare. Her out-of-pocket costs for medication increased from $20/month to a whopping $400/month! I love that he and his mother appeared on Project Pitch It (Milwaukee’s Shark Tank Style show on ABC - https://bit.ly/3zCB1gM) – and that they won first place in the Project Pitch It Award! Whether we’ve experienced these out-of-pocket expenses personally or seen these challenges impact our friends and loved ones, it’s evident that this is a dire problem plaguing our access to healthcare. To echo Chad’s mom, Joyce: “No one should have to choose between paying for food or medication.” #missionminded #healthcarecosts #healthtech #healthcare #startups #VC