Verato offers a healthcare-specific hMDM platform that provides a single source of truth for patient, provider, member, and consumer identities through its patented Referential Matching technology. This solution addresses the challenge of fragmented identity data across healthcare systems, enabling improved clinical interoperability and more accurate patient engagement.
Funding
Funding not disclosed
Founders
Product
Problem
Healthcare organizations struggle with fragmented and inconsistent identity data across various systems, hindering interoperability and accurate patient engagement. This lack of a unified view impacts clinical decision-making, operational efficiency, and the ability to deliver personalized experiences.
Solution
Verato offers a healthcare-specific master data management (hMDM) platform that creates a single source of truth for patient, provider, member, and consumer identities. The platform utilizes patented Referential Matching technology and AI-powered data governance to resolve, verify, and enrich identity data from disparate sources. By providing a complete and trusted 360-degree view of individuals and organizations, Verato enables improved clinical interoperability, enhanced digital engagement, streamlined provider data management, and better data-driven decision-making. The cloud-native platform integrates with existing systems through modern APIs and pre-built connectors, ensuring seamless data synchronization and activation across the enterprise.
Target Audience
The primary target audience includes healthcare providers, payers, health information exchanges (HIEs), and other healthcare organizations seeking to improve data quality, enhance interoperability, and gain a comprehensive view of their patients, members, and providers.
Features
- Patented Referential Matching technology for industry-leading identity resolution accuracy, exceeding traditional EMPI and MDM solutions by 24%
- Native data enrichment powered by curated national datasets, providing comprehensive insights into individuals and organizations
- Real-time digital identity verification for secure and frictionless identity proofing, ensuring compliance with regulatory requirements
- AI-powered data governance automating governance policies and workflows for industry best practices
- Pre-built healthcare data models for patients, providers, members, and other key entities, enabling rapid deployment and customization
- Verato Smart Views delivering complete, trusted, and use-case driven golden records to downstream applications
- Robust data stewardship tools for managing data quality issues, including duplicate resolution and data correction
- Support for HL7 and FHIR standards for seamless integration with EHR systems