Verato Company Market Research Report
Company Overview
Name: Verato
Mission: Committed to ensuring better care everywhere by solving the problem that drives everything else—knowing who is who.
Founded: 2012, as Araxid
Founders: Not specified
Key People:
- Clay Ritchey: Chief Executive Officer
- Isaac He: Chief Financial Officer
- Avi Mukherjee: Chief Product and Technology Officer
- Jon Case: Vice President of Product Management
- Andy Dé: Chief Marketing Officer
- Mahesh Balasubramanian: Vice President, Enterprise Data Solutions
- Rel Ambrozy: General Counsel
- Rachel Blum: Vice President of Sales, Emerging Markets and Partners
- Trevor Janeck: Vice President, Head of Human Resources
- Joaquim Neto: Chief Strategy Officer
- Cheryl Griffin, RHIA: Vice President, Professional Services
- Sid Tayal: Vice President of DevSecOps
- Jim McLean: Vice President of Credit Information Solutions
- Suman Majumder: Vice President of Engineering and Architecture
- Joe Hickey: Vice President of Sales, Provider Markets
- Clay Ritchey: Chief Executive Officer
Headquarters: 1751 Pinnacle Drive Suite 1700, McLean, VA 22102
Number of Employees: No information is available
Revenue: No information is available
Known For: Verato is known for its expertise in identity data management in healthcare, specifically through their patented Referential Matching technology.
Products
Verato hMDM Platform
- Description: The industry's first healthcare Master Data Management (hMDM) platform, enabling a single source of truth for patient, provider, member, and consumer identity.
- Key Features:
- Referential Matching® for accurate person matching
- Smart Views™ for personalized data delivery
- Match Tiers™ for layered information integration
- Integrated identity verification verified by CLEAR™
- Cloud-native and highly scalable
Verato Provider Data Management
- Description: A comprehensive view of healthcare practitioner and provider entity data.
- Key Features:
- Accurate resolution and seamless management of fragmented provider data
- Built-in reference and enrichment data
- Modern APIs for interoperability
- Rapid implementation and higher data accuracy
Verato Patient Journey
- Description: Ensures patient data sources are accurately linked and available across the digital healthcare ecosystem.
- Key Features:
- Comprehensive patient identity data
- Smart Views™ and Householding for efficient patient relationships
- SDOH enrichment to enhance patient experiences
- Consolidated clinical records and EHR data
Verato Auto-Steward
- Description: An automatic identity resolution service to improve EHR, EMPI, and MDM data integrity.
- Key Features:
- Cloud-based and seamless EHR integration
- Prevention of duplicates
- HIPAA compliant and HITRUST certified
- Optimization of HIM operations and better patient experiences
Recent Developments
Recent Developments in the Company:
- Healthcare Patents: Verato was awarded a patent for its Referential Matching Technology in March 2024.
- Partnerships:
- Collaboration with Google Cloud to enhance healthcare identity management capabilities.
New Products Launched:
- Verato Universal Identity Platform: Launched in 2022, the next generation of their platform.
- Verato Patient Journey and Auto-Steward: Innovative solutions aimed at improving patient identity management and data accuracy.
New Features Added to Existing Products:
- Smart Views™ and Match Tiers™: Introduced for enhanced patient and provider data management and accuracy.
- Enrichment Data Integration: New data layers for better outreach and analytics.
New Partnerships:
- Collaborations with Healthcare Systems: UofL Health partnered with Verato for identity management improvement in December 2023.
- Technology Partnerships: Enhanced identity management integration with platforms like Epic®, Cerner®, and more.
Verato continues to lead and innovate in the domain of healthcare identity management, integrating cutting-edge technology and partnering with key stakeholders in the healthcare industry to ensure accurate and reliable data management solutions.
