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Alchemy

health AI? medtech? digital health? (US healthcare startup focusing on in-house pharmacies for safety net clinics)
StageSeed
Raised$31M
Founded2023
Employees29
LocationSan Francisco, CA
Business modelB2B

About

We build and operate in-house pharmacies for safety net clinics, with a focus on STD clinics, Ryan Whites, and FQHCs serving patients living with HIV and Hepatitis C. We provide the entire physical, clinical, and digital infrastructure needed to operate and grow best-in-class 340B pharmacy programs. Our team has deep clinical pharmacy, technology, and operations experience. Together, we have spent 18 years in Africa building the largest HIV access program in the world, and we have set up, operated and scaled pharmacies that have dispensed over 25M+ prescriptions to patients across all 50 states in the US. After setting up your in-house pharmacy, we design and implement clinical pharmacy programs and deploy technology products that leverage your pharmacy to expand patient reach, improve clinical outcomes, and increase the financial impact of your 340B program. We are on a mission to serve safety net clinics and their patients. Drop us a line at hello@alchemyhealth.com.

Product

Value proposition
Provides physical, clinical, and digital infrastructure to launch and run clinic-owned in-house pharmacies, reclaim control of 340B programs, and expand patient reach through integrated services.
Target customers
Safety net clinics, FQHCs, 340B covered entities, HIV/Hep C treatment programs, Ryan White grantees
Pricing
Flexible financing options; ROI-based payback
Regulatory
In-house pharmacy provider with regulatory and compliance management (not FDA-cleared as a product)

Founders

  • Sid Viswanathan — Founder & Co-CEO
  • Peter Park — Founder & Co-CEO
  • Susie J. Crowe — Founder & Chief Pharmacist

Categories

In-house pharmacy340B program managementPharmacy operationsClinic-owned pharmacySafety net clinics

Products

The Alchemy PlatformClinical pharmacy programsDigital platform for pharmacy operationsMobile clinic supportStaffing and contracts support

Key features

End-to-end in-house pharmacy infrastructure (physical, clinical, digital)ROI analysis and staffing/contracts assistanceCompliance management (Drug audits, Board of Pharmacy, DEA, PBM)Mobile clinics launch and scale, targeted STD testing programsWhite-labeled digital tools to extend clinic brandFlexible financing optionsClinic-owned, vendor-operated or vendor-owned modelsAssistance with space design and regulatory requirements

Technologies

Digital platformPharmacy operations managementWhite-labeled patient engagementCompliance and audit support tools

Integrations

EHR/healthcare platforms

Target conditions

HIVHepatitis CSTD-related care (STI)340B program optimization

Care settings

clinicsafety net clinicFQHCmobile clinics340B covered entitiesRyan White programs

Certifications

Board of Pharmacy (audits)PBM audits340B program compliance

Notable customers

Equality Health (case study referenced)

Partnerships

Clinics partnering to launch in-house pharmaciesMobile testing programs340B program optimization initiatives

Traction metrics

ROI payback period under 12 weeks (example)Increased 340B net savings (percent ranges in materials)Proceeds/income increases (example 30% in Equality Health case)

Investors

Andreessen HorowitzEarvin “Magic” JohnsonSandberg Bernthal Venture PartnersTwine VenturesSpringbankAlleyCorpBanc of California

News

More links

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Profile updated Jul 29, 2026. Sources: alchemyhealth.com, linkedin.com

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