Verity Solutions Group, Inc. Company Research Report

Company Overview

Name

Verity Solutions Group, Inc.

Mission of the Company

Verity Solutions aims to simplify the complex process of maintaining 340B Program compliance, resulting in significant 340B cost savings, directly impacting the ability of its customers to provide critical healthcare to underserved populations.

Founding Information

Founded: No information is available
Founders: No information is available

Key People

George Puckett, Chief Executive Officer

Todd Behrman, VP, Product and Technical Operations

Scott LaChute, Vice President, Operations

Jeff Phillips, Senior VP, Sales

Headquarters

12131 113th Ave NE, Suite 200, Kirkland, WA 98034, United States

Number of Employees

No information is available

Revenue

No information is available

Notable Achievements

Verity Solutions is an award-winning leader in software and services for administering the federal 340B drug pricing program, known for its flexibility, fresh thinking, drive, and dedication to providing proactive solutions.

Products

Verity Solutions provides a comprehensive suite of 340B program management solutions. Below is a high-level overview of their offerings:

340B Split Billing

Description: A solution designed to simplify and optimize the management and compliance necessary for the 340B program.

Key Features: Details are not available.

VERISAVE®

Description: Optimizes pharmacy supply chain outcomes to reduce the cost of care by providing automated, real-time drug purchase optimization.

Key Features: Real-time, automated drug purchasing optimization, known for significant cost savings.

340B Contract Pharmacy

Description: Provides comprehensive management for pharmacies eligible under the 340B program.

Key Features: Details are not available.

340B Specialty Contract Pharmacy

Description: Tailored solutions for specialty contract pharmacies operating under the 340B program.

Key Features: Details are not available.

VHUB® Gateway for Contract Pharmacies

Description: Facilitates streamlined communication and management processes for contract pharmacies.

Key Features: Details are not available.

Referral Capture

Description: Ensures comprehensive capture of eligible referrals under the 340B program.

Key Features: Details are not available.

Recent Developments

New Products and Features

VERISAVE® Recognition: Recognized as #1 in the KLAS 2024 Emerging Solutions Top 20 Report for its innovation in reducing healthcare costs and optimizing the pharmacy supply chain.

KLAS 2024 Report: This solution was highlighted among the top 20 emerging solutions noted for disrupting the healthcare market and addressing key industry challenges effectively.

New Partnerships

No information is available.

Additional Developments

Recognition in Leadership: Verity Solutions has maintained an impeccable HRSA-compliant audit record, showcasing its proficiency in 340B program administration.

Efforts and Expansions: The company has extended its operations through hundreds of installations of its audit-ready solutions, showcasing rapid implementation within 120 days and full data transparency through analytics-driven dashboards.