Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  NEW ATLANTIC VENTURE FUND III L P
2. Date of Event Requiring Statement (Month/Day/Year)
12/31/2010
3. Issuer Name and Ticker or Trading Symbol
HealthWarehouse.com, Inc. [HEWA]
(Last)
(First)
(Middle)
11911 FREEDOM DRIVE, SUITE 1080
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

RESTON, VA 20190
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 1,548,143 (1)
D
 
Common Stock 17,362 (2)
D
 
Common Stock 57,519 (3)
D
 
Common Stock 1,605,662 (4)
I
See Footnote (4)
Common Stock 1,623,024 (5)
I
See Footnote (5)
Common Stock 1,623,024 (6)
I
See Footnote (6)
Common Stock 1,605,662 (7)
I
See Footnote (7)
Common Stock 1,605,662 (8)
I
See Footnote (8)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NEW ATLANTIC VENTURE FUND III L P
11911 FREEDOM DRIVE, SUITE 1080
RESTON, VA 20190
    X    
NAV MANAGERS FUND LLC
11911 FREEDOM DRIVE, SUITE 1080
RESTON, VA 20190
      Member of 10% Group
NEW ATLANTIC ENTREPRENEUR FUND III LP
11911 FREEDOM DRIVE, SUITE 1080
RESTON, VA 20190
      Member of 10% Group
NEW ATLANTIC FUND III LLC
11911 FREEDOM DRIVE, SUITE 1080
RESTON, VA 20190
    X    
Backus John C
11911 FREEDOM DRIVE, SUITE 1080
RESTON, VA 20190
    X    
Hixon Todd L
11911 FREEDOM DRIVE, SUITE 1080
RESTON, VA 20190
    X    
Johnson Scott M
11911 FREEDOM DRIVE, SUITE 1080
RESTON, VA 20190
    X    
Delistathis Thanasis
11911 FREEDOM DRIVE, SUITE 1080
RESTON, VA 20190
    X    

Signatures

/s/ John C. Backus, Managing Member for New Atlantic Venture Fund III, L.P. New Atlantic Fund III, LLC (General Partner) 01/06/2011
**Signature of Reporting Person Date

/s/ Todd L. Hixon, Member for NAV Managers Fund, LLC 01/06/2011
**Signature of Reporting Person Date

/s/ John C. Backus, Managing Member for New Atlantic Entrepreneur Fund III, L.P. New Atlantic Fund III, LLC (General Partner) 01/06/2011
**Signature of Reporting Person Date

/s/ John C. Backus, Managing Member for New Atlantic Fund III, LLC 01/06/2011
**Signature of Reporting Person Date

/s/ John C. Backus 01/06/2011
**Signature of Reporting Person Date

/s/ Todd L. Hixon 01/06/2011
**Signature of Reporting Person Date

/s/ Scott M. Johnson 01/06/2011
**Signature of Reporting Person Date

/s/ Thanasis Delistathis 01/06/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents shares owned directly by New Atlantic Venture Fund III, L.P. ("Fund III").
(2) Represents shares owned directly by NAV Managers Fund, LLC ("NAV LLC").
(3) Represents shares owned directly by New Atlantic Entrepreneur Fund, L.P. ("Entrepreneur Fund").
(4) Represents 1,605,662 shares of Common Stock held indirectly by the New Atlantic Fund III, LLC ("General Partner"), the General Partner of Fund III and Entrepreneur Fund.
(5) Represents 1,548,143 shares of Common Stock held indirectly by Mr. Backus in Fund III, 57,519 shares of Common Stock held indirectly by Mr. John Backus in Entrepreneur Fund, and 17,362 shares of Common Stock held indirectly by Mr. Backus in NAV LLC.
(6) Represents 1,548,143 shares of Common Stock held indirectly by Mr. Hixon in Fund III, 57,519 shares of Common Stock held indirectly by Mr. Todd Hixon in Entrepreneur Fund, and 17,362 shares of Common Stock held indirectly by Mr. Hixon in NAV LLC.
(7) Represents 1,548,143 shares of Common Stock held indirectly by Mr. Johnson in Fund III, and 57,519 shares of Common Stock held indirectly by Mr. Scott Johnson in Entrepreneur Fund.
(8) Represents 1,548,143 shares of Common Stock held indirectly by Mr. Delistathis in Fund III, and 57,519 shares of Common Stock held indirectly by Mr. Thanasis Delistathis in Entrepreneur Fund.
 
Remarks:
This is a joint filing by (i) New Atlantic Venture Fund III, L.P., a Delaware  limited partnership ("Fund III"), (ii) NAV Managers Fund, LLC, a Delaware limited liability company ("NAV LLC"), an affiliate of Fund III which is member managed, (iii) New Atlantic Entrepreneur Fund III, L.P., a Delaware limited partnership ("Entrepreneur Fund"), an affiliate of Fund III, (iv) New Atlantic Fund III, LLC, a Delaware limited liability company ("General Partner"), the general partner of Fund III and Entrepreneur Fund;  (v) John C. Backus, a United States Citizen ("Backus"), (vi) Todd L. Hixon ("Hixon"), a United States citizen, (vii)  Scott M. Johnson ("Johnson"), a United States citizen and (viii) Thanasis Delistathis ("Delistathis"), a United States citizen.  Messrs. Backus, Hixon, Johnson and Delistathis are the managing members of the General Partner.   Mr. Hixon and Mr. Backus, as trustee of the John C. Backus, Jr. Irrevocable Trust, are members of NAV LLC.
Messrs. Backus, Hixon, Johnson and Delistathis, share voting and investment control over all securities owned by Fund III, Entrepreneur Fund and the General Partner.  The John C. Backus, Jr. Irrevocable Trust, John C. Backus, Trustee and Todd Hixon share voting and investment control over the securities owned by NAV.  Each of Messrs. Backus, Hixon, Johnson and Delistathis disclaim beneficial ownership of the shares held directly by Fund III, the General Partner and Entrepreneur Fund except to the extent of their pecuniary interest therein.  Messrs. Backus and Hixon disclaim beneficial ownership of the shares held directly by NAV LLC, except to the extent of their pecuniary interest therein.  The General Partner disclaims beneficial ownership of shares held directly by Fund III and Entrepreneur Fund except to the extent of its pecuniary interest therein.

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