HealthVerity, a cloud-based platform to discover, license, and link HIPAA compliant and de-identified healthcare data has raised $10 million in Series B financing led by Flare Capital Partners and Greycroft Partners. The funding includes participation from Foresite Capital and additional strategic healthcare investors. The Philadelphia, PA-based startup plans to utilize the funding to expand its healthcare data ecosystem, advanced privacy solutions and proven data interoperability technologies.
Founded by Andrew Kress, co-founder and chief executive officer, HealthVerity provides pharmaceutical manufacturers, provider and payer customers with a cloud platform for the discovery, licensing and linking of broad scale healthcare data from traditional and emerging data suppliers.
HealthVerity Marketplace now offers linkable HIPAA-compliant de-identified healthcare data on more than 300 million individuals in the United States from over thirty national healthcare data suppliers providing medical claims, prescription claims, lab results, electronic medical records and other significant data types.
The company’s platform includes self-service tools that enable users to build custom datasets by understanding and selecting relevant data sources, identifying counts of target patients and exploring longitudinality across multiple sources. HealthVerity Marketplace further supports simplified data licensing that eliminates many of the industry’s challenges in delivering the right data at the right time for advanced analytics and patient insights.
“HealthVerity Marketplace is delivering transparency and open access for healthcare data that is transforming the way clients source key data for analytics,” said Matt Wallach, co-founder and president of Veeva Systems. “The company’s disruptive solutions for data sourcing improve the cost and accuracy of many types of important healthcare initiatives.