PHILADELPHIA, PA — May 4, 2017 — HealthVerity, Inc., the leading cloud platform for the discovery, licensing and linking of broad scale healthcare data, today announced it has secured $10 million in Series B financing led by Flare Capital Partners and Greycroft Partners with participation from Foresite Capital and additional strategic healthcare investors. HealthVerity will use the financing to fund continued expansion of its healthcare data ecosystem, advanced privacy solutions and proven data interoperability technologies.
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 powerful 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.”
“With our new release of HealthVerity Marketplace, we are demonstrating the speed and efficiency with which our customers can build and license bespoke datasets that meet the demanding requirements of commercial analytics and real world evidence solutions,” said Andrew Kress, co-founder and chief executive officer of HealthVerity. “We are grateful to Flare and Greycroft for their continued support of the company’s objective to transform the way data is made available for research, and to Foresite Capital for their new support.”
“HealthVerity Marketplace is achieving impressive traction with leading pharmaceutical companies who see the value in HealthVerity’s data access model,” said Michael Greeley, co-founder and partner at Flare Capital. “The company is changing the way early-adopter customers architect their healthcare data acquisition strategies by eliminating the barriers to accessing and developing insights across high value data assets.”
Ian Sigalow, co-founder and partner at Greycroft Partners said, “We are excited to be providing additional growth capital to HealthVerity as they build the industry’s most relevant ecosystem of healthcare data suppliers. As new data types such as genomics rise in importance, the company’s partnering model enables suppliers to responsibly make their data interoperable and available for use in research and analytics in a privacy-compliant manner.”
Source: HealthyVerity Inc.