Verisys

Verisys

Provider credentialing, enrollment, and screening platform

Overview

Verisys provides a cloud-based platform that helps healthcare organizations manage who they hire and work with by screening and verifying provider information. Its main tool, FACIS®, collects data from many sources (including federal exclusion lists like OIG and SAM and state boards) to check a provider’s background and any sanctions. Customers subscribe to access this data and use it to credential, enroll providers, and keep directories accurate. Verisys also offers CheckMedic, a credentialing and management tool, and MedPass, a portable provider profile. The company serves hospitals, health plans, pharmacies, telehealth services, and state Medicaid agencies. In 2021, Verisys merged with Aperture Health to create a larger provider data management and credentialing platform, and it operates from Louisville, Kentucky. The goal is to reduce regulatory risk and protect patient safety by ensuring up-to-date, comprehensive provider information.

About Verisys

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

Industries

Data & Analytics

Government & Public Sector

Enterprise Software

Healthcare

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Alexandria, Virginia

Founded

1992

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Simplify's Take

What believers are saying

  • CMS 30-day Medicaid provider revalidation mandate drives urgent demand for Verisys solutions.
  • $900 billion Medicaid fraud prevention needs position Verisys to eliminate ghost providers.
  • Telehealth and payer consolidation expansion accelerates post-Aperture merger provider data management leverage.

What critics are saying

  • ID.me integration failure to scale exposes state agencies to federal penalties within 6-9 months.
  • Stone Point Capital exit pressure forces sale or IPO within 24-36 months, disrupting leadership.
  • UnitedHealth, Optum, or CVS acquisition of rival CVO eliminates top payer clients entirely.

What makes Verisys unique

  • FACIS aggregates 5,000 primary sources across all 50 states for comprehensive provider screening.
  • Real-time license validation and sanctions screening outperforms competitors by 30%+ in speed.
  • ID.me partnership delivers integrated identity verification and credentialing for Medicaid revalidation mandates.

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Benefits

Remote Work Options

Professional Development Budget

Company News

PRLog
Jul 28th, 2022
Verisys Corporation Named In Comparably'S List Of Best Companies For Career Growth

Verisys offers a wealth of opportunities with five locations, including Hyderabad, India as well as remote work as an option. Contact

Verisys Corporation
Dec 17th, 2021
Verisys Corporation recognized as one of the Best Companies to Work

Verisys Corporation, a credentials verification organization to the healthcare sector serving some of the largest health systems and retail pharmacies in the country, is named as one of the Best Companies to Work for by Utah Business magazine among a prestigious list including Zions Bank, Domo, and SelectHealth.

Verisys Corporation
Nov 18th, 2021
Verisys Corporation recognized as top employer ranking in the Louisville region and one of the top companies to work for in the state of Utah

The Louisville Courier Journal and The Salt Lake Tribune awarded Verisys the top employer ranking in the Louisville region and one of the top companies to work for in the state of Utah.

Bollyinside
Jul 20th, 2021
Verisys Corporation hires John Barrett

John Barrett, Advantum vice president of business development and former Med Advantage CEO/co-founder, will also join Verisys.

Business Insider
Jul 19th, 2021
Ihealthinnovations sells assets to Verisys Corporation

Verisys Corporation has acquired the Med Advantage Credentials Verification Organization (CVO) business from Advantum Health.

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