Verata Health (Now Part of Olive)
Verata Health removes barriers so patients get the right care at the right time. A physician-led company trusted by providers, health systems, and payers across the country, Verata’s AI-powered platform is obsoleting the fax machine with Frictionless Prior Authorization®.
Verata Health (Now Part of Olive)
Verata Health removes barriers so patients get the right care at the right time. A physician-led company trusted by providers, health systems, and payers across the country, Verata’s AI-powered platform is obsoleting the fax machine with Frictionless Prior Authorization®.
TL;DR
Status: Acquired by Olive (announced Dec 3, 2020)
Core product: AI-powered prior authorization automation (Frictionless Prior Authorization)
Founder: Dr. Jeremy Friese (physician, radiologist)
Funding rounds: Series A announced Mar 30, 2019; 4 investors listed
Company Overview
Problem Domain
Prior authorization and administrative workflow automation in healthcare
Industry
Healthtech / Healthcare IT
Funding Track Record
Crunchbase records one Series A round announced Mar 30, 2019; four investors listed (including The Blue Venture Fund and 3M).
Investor Signal
“The Blue Venture Fund; 3M; Bessemer Venture Partners; LRVHealth”