Veda

Veda

AI-curated healthcare provider data platform

Overview

VedaData provides curated healthcare provider data and data quality services. It maintains a database of over 3.5 million active providers sourced from more than 100,000 sources, accessed through its VECTYR DATA CURATION product. This AI-powered process formats, verifies, and updates client rosters in under 24 hours to ensure accuracy and completeness. It also offers QUANTYM DATA QUALITY SCORING to assess a client's existing data for accuracy, quality, and thoroughness, followed by reconciliation and validation. Revenue comes from access to the curated data and the data quality service fee. The company emphasizes data security via its Smart Automation platform to protect sensitive information and manage risk, supporting regulatory compliance. Its differentiators are guaranteed accuracy and speed, broad coverage, and strong security. The goal is to help clients rely on trustworthy provider data to drive business decisions and maintain compliant, high-quality datasets.

About Veda

Simplify's Rating
Why Veda is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$52.2M

Headquarters

Madison, Wisconsin

Founded

2015

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Simplify's Take

What believers are saying

  • H1's May 29, 2025 acquisition integrates Veda with Ribbon Health platform.
  • Erdős Institute validated Veda's 90%+ accuracy on May 6, 2024.
  • Humana partnership at ViVE 2024 ensures real-time directory compliance.

What critics are saying

  • H1 integration disrupts Humana contract, causing 50-70% client churn in 6-12 months.
  • CMS 90% accuracy mandates trigger fines if Erdős scores drop in 12-18 months.
  • H1's expansion dilutes focus, introducing errors from scaled sources in 12-24 months.

What makes Veda unique

  • Veda uses AI to curate data from 100,000 sources for 3.5 million providers.
  • Vectyr Data Curation verifies rosters in under 24 hours without attestations.
  • Eight patents protect Veda's NASA-backed AI for provider data accuracy.

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Funding

Total Funding

$52.2M

Meets

Industry Average

Funded Over

5 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$45M
Veda
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-11%

2 year growth

4%
Fierce Healthcare
Jun 3rd, 2025
H1 acquires Veda to enhance data solutions

H1 has acquired Veda Data Solutions to enhance its provider data and automation solutions for health plans. Veda, founded by Bob Lindner and Meghan Gaffney, uses AI to improve healthcare provider data accuracy. The acquisition supports H1's goal of creating a comprehensive provider data platform. Veda raised $45 million in 2021. H1, which has raised $193 million, continues to seek acquisitions in the healthcare data sector amid a wave of industry consolidation.

H1
Jun 3rd, 2025
CEO Insights: Solving Healthcare's Provider Data Challenge Through H1's Acquisition of Veda

Today, I'm proud to announce that H1 is acquiring Veda.

GlobeNewswire
Jun 3rd, 2025
H1 Acquires Veda to Solve Healthcare’s Provider Data Challenge and Power Better Care

Acquisition equips health plans with next-generation provider data management, enabling improved access to care and better health outcomes...

HIT Consultant
Aug 7th, 2024
Remove The Ghosts From Haunted Provider Directories: 5 Things Payers Should Know

Meghan Gaffney, CEO and co-founder, VedaPayers place many resources—including time, personnel, and money—into maintaining provider networks for their plans and members. What is the intended goal after negotiating and contracting with networks? An accurate and comprehensive provider directory containing in-network clinicians and specialists that members can effectively use to “find a doctor” when they need care.In reality, though, this is often an elusive goal. Members frequently find themselves haunted by ‘ghost networks’ – directories with listings for doctors who are no longer practicing, not accepting new patients, out-of-network, or have listings with inaccurate addresses, phone numbers, and websites. Those lists, constructed from bad or inaccurate data, contain inaccurate information that can hide network inadequacy. Patients have made lawmakers aware of their frustrations with delayed care and unexpected, sometimes life-altering surprise bills due to a ghost networks.Lawmakers have listened. In 2023, the Senate Committee on Finance conducted a study of Medicare Advantage mental health care providers in provider directories and found that “more than 80% of the listed, in-network, mental health providers staff attempted to contact were therefore ‘ghosts,’ as they were either unreachable, not accepting new patients, or not in-network.” Results such as this have prompted legislators to propose legislation at both the federal and state level to require payers and providers to address the ghost network problem.As patients advocate for change and elected officials take note, payers and providers should prepare for the mandates that are coming.The following are five key considerations around legislative efforts to address ghost networks and improving transparency in provider directory data management.1

Business Wire
Feb 26th, 2024
Humana Announces Strategic Partnership With Veda To Improve Accuracy Of Provider Directories

LOUISVILLE, Ky. MADISON, Wis.--(BUSINESS WIRE)--Leading health and well-being company Humana Inc. (NYSE: HUM) today announced a strategic partnership with Veda, a health technology company specializing in helping healthcare companies solve complex provider data challenges. Humana will partner with Veda to improve the accuracy of its provider information and ensure that seniors have real-time details about in-network providers, making it easier for them to access high-quality healthcare. Ensuring the accuracy of provider directories has been the source of ongoing challenges for seniors, health plans, providers and policymakers. Maintaining up-to-date provider directories, including accurate phone numbers, addresses and panel status of in-network practitioners, is critical to helping seniors make informed choices about their healthcare

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