The Billion Dollar Opportunity in Specialty Pharmaceuticals w/ Joe Cardosi

In 2019, Joe Cardosi founded Free Market Health to tackle the complicated specialty pharmacy marketplace. In less than four years, the firm has raised over $13 million, grown to 50+ team members, and scaled revenue into the millions.

Free Market Health is a healthcare technology platform focused on fixing the company dedicated to improving the specialty pharmacy ecosystem with a care-driven marketplace platform. They support forward-thinking payers and specialty pharmacies of all sizes who need to operate in a complex and opaque market.

Previously, Joe worked in specialty pharmacy for 15 years and saw the market opportunity firsthand.

In this episode, Aaron and Joe talk about what drives the enormous costs in specialty pharmacies, why Joe was perfectly positioned to found the company, and why patients win when pharmacies compete.

TIMESTAMPS:

1:37 What makes drug a specialty drug
4:02 Importance of health Insurance
5:10 where does free market comes in
6:36 special pharmacy ecosystem vs general pharmacy ecosystem
12:11 mission of free market
17:16 History of specialty drugs
24:20 potential of free market
27:04 dealing with competitor
30:10 family support
33:45 Importance of Middlemen
40:41 Company name & Service
47:05- 51:09 Call to Action