THANK YOU FOR SUBSCRIBING
The latest funding will bolster Verifiable's go-to-market teams and strengthen its verification infrastructure, further solidifying its position as a leader in provider credentialing, compliance, and network management solutions.
FREMONT, CA: "Credentialing isn't a new challenge—it's an administrative bottleneck that's been costing healthcare organizations billions while negatively impacting provider experience and eroding the bottom line," says Nick Macario, CEO of Verifiable.
Verifiable, a disruptive force in the provider network management software industry, is making waves with its efficient growth and innovative solutions. The company has secured $27 million in Series B funding, with Craft Ventures leading the investment round. The capital infusion will fuel Verifiable's continued expansion and product innovation efforts.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
"What is new is Verifiable's integrated approach that truly automates the underlying operations through real-time verifications and workflows to drive speed and efficiency. Some of our largest competitors in the space are also customers of our platform, which speaks to the unique solution and value we bring to the market. This is where Verifiable is built differently," adds Nick Macario.
Verifiable takes an API-first approach to modernize the outdated provider network management software landscape. Their comprehensive network management solutions and real-time verifications enable healthcare organizations to streamline credentialing processes from weeks to days. The remarkable efficiency translates into substantial cost savings and increased revenue capture for customers and helps mitigate compliance risks, meet audit requirements, and enhance the overall provider experience.
The funding will accelerate Verifiable's collaboration with Salesforce, a strategic partnership to deliver enhanced customer value. Notable participants in the funding round include Highland Capital Partners, 137 Ventures, Cooley, The Altman Fund, and Struck Capital. The partnership demonstrates Verifiable's ability to deliver substantial value and drive tangible results for industry-leading healthcare organizations.
"In today's macro environment, the funding bar is very high. Growth alone isn't enough—companies need to demonstrate they can grow fast without excessive burn. They must also prove they're solving big problems for big markets, forming a new category of software in their wake. We believe Verifiable has the potential to upgrade our healthcare system permanently. We're excited for what's to come." says Brian Murray, Partner and COO of Craft Ventures.
Verifiable's rapid rise to prominence as the go-to credentialing solution was catalyzed by the increased demand for digital healthcare solutions in 2020. Initially catering to fast-growing digital healthcare companies, Verifiable has successfully expanded its footprint and gained traction among larger enterprise healthcare organizations, simplifying its provider network operations.
More in News