Rockville-based DrFirst acquires Myndshft Technologies to streamline medication management

Rockville-based health care technology company DrFirst Thursday announced it acquired substantially all assets of Myndshft Technologies Inc., a real-time medical benefits and automated prior authorization software-as-a-service company.

DrFirst has a network of 270 EHRs, nearly 500,000 health care providers and nearly 100 million patients.

The acquisition, which closed April 17, aims to improve the patient experience and expedite access to vital specialty medications, such as infusions and in-office injectables primarily covered by medical benefits. Combined with DrFirst’s platform and scale, the technology will also lighten the substantial administrative load on healthcare providers and their staff, the company said.

Founded in 2018, Myndshft is the only unified platform that streamlines prior authorization and related services for both medical and pharmacy benefits. This innovative technology uses AI, machine learning, and robotic process automation (RPA) to automate and streamline complex benefits, pricing, and PA processes across various payers and therapeutic classes into one seamless, intuitive workflow. The Myndshft platform also supports labs, imaging, and other procedures covered under medical benefits, which are often prerequisites for patients prescribed specialty medications.

Managing prior authorizations is a significant burden on medical practices because of time-consuming manual processes and lack of integration with electronic health record (EHR) systems. These challenges lead to avoidable resubmissions and delays, frustrating health care providers and patients alike.