HealthVerity, a provider of technologies and software tools for the discovery and integration of optimal patient data sets has announced $7.1M in funding led by Flare Capital Partners and Greycroft Partners with participation from additional strategic healthcare investors. The Philadelphia-based startup will utilize the funding to accelerate the development of its privacy and data interoperability technologies.
Founded in 2014, HealthVerity seeking to enhance patient insights from existing and new data sources focused on four key areas:
– Patient Intelligence
– Geodirected Solutions
– Smart Media
– Social Informatics
“HealthVerity is focused on addressing the challenges of leading healthcare providers who are awash in clinical and transactional data, but who struggle to unlock the true value of their data assets,” said Andrew Kress, co-founder and chief executive officer of HealthVerity in the company announcement. “We are solving some very interesting next-generation problems that sit at the intersection of privacy and healthcare data management and access. Our solutions empower our customers to extract new insights with a more novel, intuitive and efficient approach to building data sets for research and analytics.”
The company’s website does not provide much details on the approach of its platform or the specific technology (e.g. machine learning, NLP) to extract value out of patient data.
