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 Rating Differentiation

Industries

Data & Analytics

Healthcare

Company Size

201-500

Company Stage

Series D

Total Funding

$138.3M

Headquarters

Philadelphia, Pennsylvania

Founded

2014

Overview

HealthVerity focuses on data management in the healthcare sector, specializing in identity management, privacy compliance, and governance. Their products enable rapid discovery and exchange of large datasets, which has proven essential for pharmaceutical companies, especially during critical times like the COVID-19 pandemic. HealthVerity stands out from competitors by offering an extensive data ecosystem and advanced data synchronization capabilities. The company's goal is to provide valuable insights that help healthcare organizations make informed decisions and achieve regulatory approvals.

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Simplify's Take

What believers are saying

  • Increased demand for RWE boosts HealthVerity's market position in data solutions.
  • Partnership with Gilead Sciences enhances HealthVerity's reputation in healthcare equity.
  • Recognition in Gartner's Hype Cycle reports attracts clients seeking advanced data solutions.

What critics are saying

  • Partnership with AnalyticsIQ may raise privacy concerns over race and ethnicity data.
  • Precision Event Alerts may face resistance from providers wary of real-time data sharing.
  • Mortality Masterset could face scrutiny over accuracy and ethical concerns.

What makes HealthVerity unique

  • HealthVerity offers the most comprehensive closed claims dataset with taXonomy.
  • Their partnership with AnalyticsIQ enhances personalized healthcare through race and ethnicity data.
  • HealthVerity's Mortality Masterset provides detailed cause of death data for health research.

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Funding

Total Funding

$138.3M

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

2%

1 year growth

2%

2 year growth

3%
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.

PR Newswire
Feb 13th, 2024
Healthverity Recognized In Three 2023 Gartner® Hype Cycle™ Reports

Recognized for Life Science Clinical Development, Life Science Commercial Operations, and Healthcare Data, Analytics and AIPHILADELPHIA, Feb. 13, 2024 /PRNewswire/ -- HealthVerity, the leader in synchronizing transformational technologies and real-world data (RWD) to advance the science, today announced that it was recognized in three of the July 2023 Gartner Hype Cycles titled: Hype Cycle for Life Science Clinical Development, 2023, Hype Cycle for Life Science Commercial Operations, 2023, and Hype Cycle for Healthcare Data, Analytics and AI, 2023. This is the second year in a row that the company has been recognized in all three of these Hype Cycles and the third consecutive year for Life Science Commercial Operations.HealthVerity was recognized as a vendor providing several different technology solutions in each of the three Hype Cycles:Life Science Clinical DevelopmentPatient data tokenization – According to Gartner, "Patient data tokenization is the process by which clinical trial subjects/patients consent to have their anonymized health information linked to a subject identifier or token. The token can also be linked to existing real-world data (RWD) sources like healthcare claims and laboratory results. This enables life science companies to link patients who have consented to their retrospective RWD, following their activities prospectively for ongoing insights about branded treatments on patient health." The Gartner report found that this technology is important because, "Patient data tokenization (PDT) enables patient data to be connected between different data sources, enabling life science companies to formulate a holistic, longitudinal view of the patient journey. RWD made available via tokenization can provide significant insight about patient health history, enabling insights about outcomes after a trial, intervention or treatment has been administered by a life science company."– According to Gartner, "Patient data tokenization is the process by which clinical trial subjects/patients consent to have their anonymized health information linked to a subject identifier or token

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