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About Vericred
Industries
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Seed
Total Funding
$52.3M
Headquarters
New York City, New York
Founded
2014
Overview
Ideon enhances the health insurance and employee benefits industry through its APIs, which streamline processes like quoting, selling, enrolling, and managing benefits. The company serves insurance carriers, brokers, and HR technology platforms, allowing them to integrate these APIs into their systems on a subscription and usage-based model. Ideon stands out by focusing on the complexities of the health insurance market, aiming to improve efficiency and transparency in benefits management. Its goal is to simplify the process for businesses to offer and manage employee benefits.
Simplify's Take
What believers are saying
- Growing demand for API solutions in health insurance boosts Ideon's market potential.
- Partnerships with firms like Clarify Health enhance Ideon's competitive edge.
- Shift towards automated benefits management aligns with Ideon's core offerings.
What critics are saying
- Increased competition from InsurTech startups may erode Ideon's market share.
- Rapid tech advancements require Ideon to frequently update its APIs, straining resources.
- Economic downturns could reduce spending on digital transformation, impacting Ideon's revenue.
What makes Vericred unique
- Ideon's APIs streamline quoting, selling, enrolling, and managing health insurance benefits.
- Partnerships with major firms like Prudential enhance Ideon's market credibility and reach.
- HITRUST certification underscores Ideon's commitment to data security and compliance.
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Funding
Total Funding
$52.3M
Meets
Industry Average
Funded Over
4 Rounds
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -6%2 year growth
↓ -3%NEWARK, N.J. - Prudential Financial, Inc. (NYSE: PRU) announced today that its Group Insurance business has collaborated with Ideon, a leader in data exchange and connectivity solutions, to deliver unique technology solutions for benefits eligibility and enrollment processes for workplace clients and their employees.
BerniePortal and Ideon have partnered to launch an API solution that will securely transmit employee benefits information between BerniePortal and insurance companies.
AgencyBloc (Cedar Falls, Iowa), a provider of insurance growth enablement solutions catering to the health, senior, and benefits industries, has partnered with Ideon (New York), provider of application program interface (API) solutions that connect InsurTechs and insurance carriers in the health and benefits industry.
NEW YORK--(BUSINESS WIRE)--Ideon, the leader in data and connectivity solutions for carriers and benefits technology platforms, today announced Steve Swad as its new Chief Executive Officer, effective immediately. In a complementary move, Ideon co-founder Dan Langevin has been promoted to President and CTO. Swad brings decades of C-level leadership experience from the employee benefits industry and various high-profile technology and media companies. Previously, Swad led Benefitfocus, a top benefits administration platform, as its CEO before its acquisition by Voya Financial. Swad's impressive career also includes roles as CEO of Rosetta Stone, COO of Apptopia, and CFO positions at Vox Media, Comverse Technology, and AOL. Langevin, co-founder of Ideon and its CTO since 2014, has played a pivotal role in shaping the company's technology and advancing its business
San Francisco, CA (June 29, 2023) – Clarify Health, a leading healthcare analytics and value-based payments platform company, today announced a new partnership with Ideon, the platform powering digital experiences in health insurance and benefits, that will enable health plans to build more competitive networks that deliver high-quality, cost-effective healthcare to members.
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About Vericred
Industries
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Seed
Total Funding
$52.3M
Headquarters
New York City, New York
Founded
2014
There are no jobs for Vericred right now.
Find jobs on Simplify and start your career today