MK Capital Leads $15 Million Investment in HealthPlan Data Solutions to Transform Pharmacy Benefits Management Oversight – April 2025
Chicago, IL – April 29, 2025 – MK Capital announced today that it has led a $15 million growth investment in HealthPlan Data Solutions (HDS), a leader in pharmacy benefit oversight technology. The capital will be used to accelerate product development, scale go-to-market initiatives, and further enhance HDS’s Spotlight Platform—a suite of real-time analytics and compliance tools designed to monitor pharmacy claims, identify waste, and enforce regulatory alignment across PBM networks. The round also included participation from existing investors Tamarind Hill, JobsOhio, and Rev1 Ventures.
HealthPlan Data Solutions, based in Columbus, OH, provides innovative, data-driven oversight solutions tailored for the Pharmacy Benefits Management (PBM) industry. Its proprietary Spotlight Platform, featuring Claim Scan, Oversight & Analytics, Script Scan, and Reveal empowers health plans, self-insured employers, and specialty pharmacies with real-time analytics and compliance tools. HDS helps clients achieve significant cost savings, mitigate waste, and enhance transparency in pharmacy benefit expenditures.
“We are excited to partner with HDS at a time when the demand for transparency and regulatory compliance in pharmacy benefit management is rapidly intensifying,” said Mark Koulogeorge, Managing Partner at MK Capital. “HDS has proven it can deliver measurable financial outcomes by transforming PBM oversight from reactive audits to proactive, real-time monitoring. We see enormous potential in their technology and leadership team to redefine industry standards and drive substantial market growth.”
The investment comes as HDS continues to gain traction, securing multi-year contracts with several prominent healthcare organizations, including a large multi-state Medicaid payer and one of the country’s largest integrated delivery networks (IDN) based in Pennsylvania. The funding will also support the expansion of HDS’s strategic partnerships with benefits consultants, health plans, and specialty pharmacy networks.
“This investment marks a significant milestone for HDS,” said Ron Hamm, CEO of HealthPlan Data Solutions. “MK Capital’s deep expertise in scaling healthcare technology businesses is precisely what we need to accelerate our growth. With their support, we will enhance our Spotlight Platform to deliver even greater value to our clients, helping them proactively navigate compliance challenges and optimize their PBM’s performance.”
This financing positions HealthPlan Data Solutions to accelerate its impact on the pharmacy benefit management industry, reinforcing its role as a critical partner for health plans and employers navigating an increasingly complex regulatory landscape. With MK Capital’s strategic support, HDS is poised for continued innovation, market expansion, and enhanced client value.
About MK Capital
MK Capital is an early and growth-stage venture capital firm with more than $500 million in assets under management that invests in disruptive business-to-business software and technology companies. The MK partners average over twenty years of venture capital experience and have built dozens of leading companies in their chosen markets. As a member of the MK Capital portfolio, companies gain access to experienced partners with deep operating experience, not just a line of capital. MK collaborates on strategy, operations, and technology as active board members, leveraging deep insights to drive growth and scale.
About HealthPlan Data Solutions
HealthPlan Data Solutions (HDS) is an industry leading pharmacy analytics company that specializes in providing pharmacy payment integrity solutions, campaign management, and pharmacy claims insights. HDS’s technology platform, Spotlight, leverages over 500 proprietary claim scanning algorithms and AI, matched with clinical expertise to provide actionable pharmacy benefit intelligence.
Founded by a team of pharmacists and IT professionals, HDS helps its customers identify, fix, and continuously monitor prescription claims data to maximize the value of their pharmacy benefit plans.