Small and mid-sized employers often find themselves an afterthought in the complex world of pharmacy benefits, but Kanurra is building a business around serving them. The pharmacy benefit manager, which targets self-funded and level-funded groups, has now raised $6.3M in Seed funding to further its mission.
Kanurra differentiates itself by using software to streamline administration, making these smaller accounts profitable to serve. Its model emphasizes transparency, charging a flat per-member-per-month fee and passing drug costs directly to employers, free from the spread pricing or retained rebates common in the industry. Crucially, Kanurra avoids owning specialty or mail-order pharmacies, eliminating potential conflicts of interest in high-cost drug routing.
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