Alchemy

Big news! ?? We’re thrilled to announce that Alchemy has raised a $31M Seed round, led by Andreessen Horowitz with participation from Magic Johnson Enterprises, Sheryl Sandberg, Banc of California and existing investors Twine Ventures, Springbank and AlleyCorp. Alchemy builds and operates in-house pharmacies for safety net clinics, with a focus on patients living with HIV and Hepatitis C. We provide the entire physical, clinical, and digital infrastructure needed to operate and grow best-in-class pharmacy programs. Last week, Alchemy Founder and Co-CEO Sid Viswanathan sat down with Earvin “Magic” Johnson to discuss his personal journey with HIV, his vision for advancing HIV access and equity in the U.S., and the role he believes Alchemy will play in the coming decades. Full press release: https://lnkd.in/gnk3Jpkt #Fundraise #Alchemy #Pharmacy

Today we are recognizing Megan Conklin, PharmD, MPH, Pharmacist in Charge at Raphael Health Center, as Alchemy's Pharmacist of the Month! ?? Leading pharmacy operations at our busiest site, Megan works as an extension of the clinical team, ensuring all patients have reliable access to their essential medicines. Thank you for all that you do, Megan!

?? RELEASE #4: REAL-TIME METRICS Your in-house pharmacy’s financial health shouldn’t be a mystery. Yet, too many safety net clinics rely on after-the-fact reconciliation checks from TPAs instead of real-time financial and operational data. Key Benefits of Real-time Metrics: ?? ???????????????? ?????????? ?????????????????? (High Value Missed Opportunities) in prescription capture ?? ?????????????? ???????????????????????? - Know exactly what you’re reimbursed per script ?? 340?? ???????????????????? ?????????????? ???????????? - Ensure discounts are applied correctly ?? ?????? ?????????????????????????? ???????????? - React instantly to protect margins Release #4 Highlights => ? Real-time financial metrics ? Custom date range reporting ? User access controls Your pharmacy. Your 340B data. Your profits. Get the visibility you deserve. View full blog post here: https://lnkd.in/d4pK8awU ? #Digital #InHousePharmacy #PharmacyData #340B?

Our Founders Peter Park and Sid Viswanathan have been in touch with Secretary Kennedy’s team at U.S. Department of Health and Human Services (HHS) regarding the recent news headlines around funding cuts to HIV prevention and structural changes to Centers for Disease Control and Prevention’s division for HIV prevention. The key message and area we wanted to focus on was the critical link between HIV prevention and the CDC’s Section 318 Grants. These are the grants that every STD clinic in the country uses in order to qualify for the 340B drug program. Our message to Secretary Kennedy’s team was simple =>? ???? ???????? ???????????????? ?????? ?????????????? 318 ???????????? ???? ?????????????? ?????? ???????????? ???? ?????? ???? ?????? ??????????????, and we highlighted two main reasons. 1. HIV prevention and Section 318 impacts all Americans. The CDC’s Section 318 grants support STD clinics that serve ALL parts of the American population, specifically impacting white, straight, male, rural patients in our country.? 2. HIV prevention grants (or more broadly, STD grants) are force multipliers from an efficiency of funds perspective. For every dollar conferred through grant funding force multiplies 3:1 (or even greater) through 340B program savings. Since Section 318 grants allow clinics to participate in the 340B drug program, and at its core, the 340B program is funded by pharmaceutical manufacturers through discounts vs. direct taxpayer dollars, every dollar of Section 318 grants is essentially “matched and multiplied" by manufacturers through 340B program discounts. Link to full blog post here => https://lnkd.in/d_7bt6Wb #HIVPrevention #Section318 #CDC #340B

We’re excited to welcome Kyle Folk, PharmD, AAHIVP as Alchemy’s Director of Pharmacy Operations! Kyle brings 14 years of pharmacy experience, with deep expertise in HIV care and 340B program management. Most recently, he served as Associate Director of Community Pharmacy at Genoa Healthcare, where he led teams specializing in HIV, Hepatitis B and C, fertility, and more. He also developed Nevada's first pharmacy-led PrEP collaborative practice agreement, driving a 200% increase in PrEP dispensing. “HIV care has always been my passion,” Kyle shared. “Alchemy’s integrated pharmacy model — connecting patients, providers, and pharmacies — creates better patient outcomes.” ?? Learn more about Kyle: https://lnkd.in/gsxAenw8

??? We are live in San Antonio! We’re thrilled to announce the opening of our latest in-house pharmacy in partnership with BEAT AIDS! As we mark the launch, we sat down with long-time Executive Director, Michele Durham, to learn more about the organization's origin and mission, her vision for the in-house pharmacy, and her experience working with Alchemy. "Having the pharmacy in-house makes such a difference for our patients. The convenience, the trust, and the ability to provide wraparound care all in one place — it’s a game-changer for the community we serve," shared Michele Durham. ?? Full conversation on our blog: https://lnkd.in/gGdi2vj6

We're #hiring a Director of Sales to advance Alchemy's mission! Alchemy builds and operates in-house pharmacies for safety net clinics, with a focus on STD clinics, Ryan Whites and FQHCs serving patients living with #HIV and #HepatitisC. Passionate about improving healthcare access? Have experience partnering with #340B covered entities? We'd love to hear from you. https://lnkd.in/g-vxRgCS

In February, 340B news centered on developments across all three branches of government. Here are the month’s top stories: ?? Senate confirms RFK Jr. as HHS Secretary, putting him in charge of healthcare programs including 340B ?? LGBTQ nonprofits and HIV service organizations sue Trump over anti-trans executive orders ?? State-level action accelerates with 17 states introducing bills to protect 340B contract pharmacy access so far this year ??? Congressional action on 340B appears unlikely in the near term, though key bills may advance later this year, according to industry experts Want more updates like this? Sign up for our newsletter: https://lnkd.in/gE-NhBpV Links to these articles in the comments.

Today we are featuring Claudia Callinan, Pharmacist in Charge at Community Care Resources of Florida, as our Pharmacist of the Month! ?? Claudia embodies Alchemy's values with a deep commitment to serving her patients. Please join us in celebrating Claudia's outstanding contributions! #Pharmacy #PharmacistoftheMonth #HealthcareHeros

?? Want to boost your pharmacy's prescription capacity without hiring more staff? Today on our blog, Alchemy's Andy Storjohann, PharmD and Brian Franks share the 5 workflow principles they deployed to help one pharmacy ???????????? ?????? ?????????? ???????????? at no additional cost. ?? Full case study: https://lnkd.in/gqCaBCHs