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As of 2026
Business & Operations
Revenue: $10M-$100M ARR
A cloud-based identity resolution platform that enables healthcare organizations to accurately link, match, and manage patient records across disparate data systems.
Overview
Verato specializes in healthcare identity resolution and data enrichment, helping providers, health plans, and healthcare technology firms maintain accurate patient information. By leveraging advanced matching algorithms, the platform bridges the gap between disconnected health records, effectively eliminating duplicate entries and supporting critical interoperability initiatives. This cloud-native technology ensures that the right clinical data is connected to the right individual, directly improving patient safety and operational efficiency. The solution is designed for rapid deployment, allowing healthcare networks to resolve identity challenges in weeks rather than months.
Founded year: 2012
Founder: Brent Williams
Team size: 51-200
Popularity: A well-regarded, venture-backed leader in the healthcare identity resolution market with high adoption among large U.S. health networks.
HQ: McLean, Virginia, United States
Status: Active
Funding status: Funded
Revenue source: Subscriptions
Customer type: B2B
Funding: $35M
Pricing: Subscription
Tech stack: OpenAPI, Sisense, Apache Groovy, Javascript Libraries
Platform: Web • API
Integrations: Electronic Health Record (EHR) systems, Health Information Exchanges (HIEs), various healthcare CRM and analytics platforms, OpenAPI
Founder story
Verato was founded in 2012 by Brent Williams, originally under the name Araxid, to address complex identity matching challenges. After recognizing the critical need for advanced identity resolution in healthcare, the company rebranded to Verato in 2015 and shifted its primary focus to the healthcare sector, where it has since become a leading provider of patient matching technology.
What it does
- Healthcare providers
- Health insurance payers
- Health information exchanges
- Data integrity analysts
- Healthcare technology engineers
Who it's for
- Large-scale hospital and health systems
- Health insurance plans and payers
- Health Information Exchanges (HIEs)
- Healthcare technology firms requiring accurate patient matching
Why it works
- Cloud-native architecture allows for rapid scaling and quick deployment across diverse healthcare IT environments
- Proprietary matching algorithms provide industry-leading accuracy in linking records across disparate data sources
- Eliminates the 'duplicate record crisis' that hampers care quality, patient safety, and administrative efficiency
- Enables seamless interoperability between different healthcare systems, ensuring a longitudinal patient view
- Offers robust data enrichment capabilities that help maintain clean, updated identity records over time
Growth strategies
- Expanding market reach by targeting multiple segments including providers, payers, and healthcare tech firms
- Focusing on the high ROI and quick deployment cycle to capture market share from legacy master patient index providers
- Continuous innovation in identity intelligence and data enrichment to address complex interoperability requirements
- Leveraging established enterprise- grade performance and regulatory compliance to win large-scale healthcare network contracts
Alternatives
Comparison overview
- Verato focuses specifically on identity resolution and patient matching, unlike general-purpose interoperability platforms like Metriport.
- It provides a more specialized, cloud-native approach to the Master Patient Index (MPI) problem than legacy providers.
- Its high accuracy and rapid deployment model differentiate it from traditional, on-premise healthcare data management solutions.