HealthVerity

HealthVerity

Healthcare data management and synchronization services

About HealthVerity

Simplify's Rating
Why HealthVerity is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Healthcare

Company Size

201-500

Company Stage

Series D

Total Funding

$142.2M

Headquarters

Philadelphia, Pennsylvania

Founded

2014

Overview

HealthVerity focuses on data management in the healthcare sector, emphasizing identity management, privacy compliance, and governance. Their products allow clients, mainly large pharmaceutical companies, to access and exchange extensive datasets quickly, which has proven crucial during events like the COVID-19 pandemic. For instance, they provided a top pharmaceutical company with a dataset ten times larger than government sources, aiding in rapid FDA approval for a vaccine. HealthVerity generates revenue by licensing their data and offering specialized data management services, distinguishing themselves through their comprehensive data ecosystem.

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Simplify's Take

What believers are saying

  • Partnerships with companies like Recursion enhance clinical trial design using real-world data.
  • Launch of taXonomy dataset supports detailed pharmaceutical research and safety outcomes.
  • Recognition in Gartner Hype Cycle reports validates HealthVerity's technology solutions in the industry.

What critics are saying

  • Potential data privacy concerns with large-scale data integration in partnerships.
  • Challenges related to data accuracy and completeness in the taXonomy dataset.
  • Ethical concerns regarding the use of sensitive demographic information in partnerships.

What makes HealthVerity unique

  • HealthVerity offers a unique approach to data management with identity resolution capabilities.
  • Their data ecosystem provides a comprehensive view, aiding in drug development and FDA approvals.
  • HealthVerity's privacy-compliant data exchange ensures high standards of patient privacy and compliance.

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Funding

Total Funding

$142.2M

Below

Industry Average

Funded Over

4 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$100M
HealthVerity

Benefits

Medical, dental, & vision

401k

Stock options

Flexible location

Generous PTO

Mentorship program

Professional development

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
PR Newswire
Apr 24th, 2025
Healthverity Partners With Recursion To Enhance Clinical Trial Analytics With Real-World Data

PHILADELPHIA, April 16, 2025 /PRNewswire/ -- HealthVerity, the leader in real-world data (RWD) technology and privacy-compliant data exchange, today announced that Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to radically improve lives, has licensed its real-world data to enhance clinical trial design and analytics.Through this agreement, Recursion will integrate HealthVerity de-identified data for over 340M covered lives within the US into its advanced data science and machine learning platforms, the Recursion OS, allowing for deeper insights into patient populations, enhanced trial design and feasibility assessments, as well as clinical operations workflows. By leveraging these high-quality, linked data assets, Recursion seeks to industrialize clinical development, reduce costs, and accelerate the development of novel therapeutics."Our partnership with Recursion underscores the transformative potential of real-world data in driving smarter clinical trials," said Andrew Kress, CEO of HealthVerity. "By providing seamless access to the industry's most comprehensive and interoperable real-world data, we empower innovators like Recursion to make data-driven decisions that streamline clinical development."Recursion's proprietary AI-driven approach relies on integrating diverse datasets and AI/ML models to identify novel insights into human biology and molecule design. The incorporation of real-world data from HealthVerity Marketplace will further strengthen Recursion's ability to predict patient responses, refine study designs, and ensure clinical trial sites are positioned to meet enrollment goals."With the majority of the industry's time and resources focused on clinical trials, we see a significant opportunity to transform how clinical development is designed and executed," said Najat Khan, PhD, Chief R&D Officer and Chief Commercial Officer at Recursion. "By integrating privacy-compliant real-world data from HealthVerity into Recursion OS, we are advancing our mission to optimize trial design through in silico simulations, accelerate recruitment through a patient-centric approach that includes underserved populations, and generate stronger evidence to inform development and regulatory decisions. By doing so, we are not only streamlining clinical development but also ensuring that we bring more impactful, life-changing treatments to patients faster and more efficiently"The HealthVerity approach to real-world data acquisition and governance ensures compliance with HIPAA and other regulatory frameworks while maintaining the highest standards of patient privacy

HealthVerity
Jun 24th, 2024
HealthVerity introduces taXonomy, the nation's most comprehensive closed claims dataset for pharmaceutical research

PHILADELPHIA, PA - HealthVerity, the leader in synchronizing transformational technologies and real-world data (RWD) to advance the science, today announced the launch of HealthVerity taXonomy - the nation's most comprehensive, highly-curated and research-ready closed claims dataset for pharmaceutical safety, real-world evidence, and health economics and outcomes research organizations.

Hit Consultant
Jun 5th, 2024
Healthverity To Offer Analyticsiq Race & Ethnicity Data

What You Should Know:–       HealthVerity, the leader in synchronizing transformational technologies and real-world data (RWD) to advance the science, today announced a partnership with AnalyticsIQ, the leading provider of predictive people-based data.–       This partnership enables HealthVerity to provide clients with race and ethnicity insights on healthcare providers as an add-on to their Provider Diversity and Diagnosis Index (PDI) Masterset by leveraging AnalyticsIQ’s people-based ethnicity data linked to National Provider Identifier (NPI) records.Enhancing Healthcare Outcomes through Data-Driven Insights: The AnalyticsIQ and HealthVerity PartnershipAnalyticsIQ stands out as the first data company to combine cognitive psychology with data science to enhance healthcare outcomes. By offering healthcare organizations people-based consumer data, comprehensive social determinants of health (SDOH) insights, and NPI linkages, AnalyticsIQ helps these organizations better understand both patients and providers. This unique approach allows for more informed and personalized healthcare solutions.HealthVerity PDI is the only nationally syndicated report that integrates medical, pharmacy, and consumer data to assess the racial diversity, demographic mix, and diagnoses of patients for over 2 million healthcare providers, all in a HIPAA-compliant manner. This extensive data compilation provides a broad view of patient demographics and their healthcare needs, crucial for informed decision-making in healthcare services.Through its partnership with AnalyticsIQ, HealthVerity clients gain access to race and ethnicity data for providers. Research indicates that patients often prefer receiving care from providers who share their ethnic background, making these insights invaluable for initiatives aimed at increasing diversity, equity, and inclusion in healthcare. This collaboration enables HealthVerity to promote more equitable and diverse clinical trials and improve therapeutic adherence, furthering AnalyticsIQ’s mission of achieving better outcomes for all.“AnalyticsIQ is a leader in people-based insights and we are pleased to be the first organization to provide their reliable ethnicity and race data of healthcare providers as an add-on to PDI or licensed with other real-world data from HealthVerity Marketplace,” said Andrew Kress, HealthVerity CEO

Hit Consultant
Jun 5th, 2024
HealthVerity to Offer AnalyticsIQ Race & Ethnicity Data

- HealthVerity, the leader in synchronizing transformational technologies and real-world data (RWD) to advance the science, today announced a partnership with AnalyticsIQ, the leading provider of predictive people-based data.

HealthVerity
Apr 17th, 2024
HealthVerity Precision Event Alerts redefine new pathways to real-time physician outreach

PHILADELPHIA, PA - HealthVerity, the leader in synchronizing transformational technologies and real-world data (RWD) to advance the science, today announced the launch and commercial availability of HealthVerity Precision Event Alerts, the industry's most comprehensive, accurate and timely physician alerting solution.

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