Since the No Surprises Act went into effect in January 2022, efficient healthcare data processing and sharing is more essential than ever. However, data is often manually inputted from spreadsheets into various platforms and technology systems, leaving a higher margin for errors and costing up to $1 trillion in annual administrative costs.
Veda Data automates these complex data processes, using purpose-built AI and machine learning tools, effectively cutting down superfluous administrative costs and wasted time across the healthcare industry.
Despite going up against providers such as IBM, UnitedHealth Group/Optum, and Cerner, Veda has established itself as one of the top market providers, supporting some of the country’s largest health insurance companies.
Veda's Oak HC/FT-led funding has allowed it to expand its go-to-market capabilities and customer service teams. The company has taken significant steps toward growth as it works to streamline healthcare administration processes.
Steph
Company Specialist at Welcome to the Jungle