About Verity
Verity is a Healthcare company based in Kirkland (United States) founded in 2002, and was acquired by Express Scripts in October 2019. Healthcare technology solutions are provided for pharmacy supply chain management. It operates on a SaaS (Software-as-a-Service) and Managed Services model. Verity offers products and services including VERISAVE Purchase Optimization, FUSEBOX 340B Alternative Distribution, and VHUB for Contract Pharmacies. Its focus areas include Health Technology and Pharmacy Management Solutions. Its legal entity is Verity Solutions Group, Inc. Its competitors include Wellpartner, Pharmaceutical Strategies Group and Equiscript; 2 of its 3 listed competitors have raised funding.
Company details
Innovative technology and services are delivered by Verity to empower pharmacy supply chain partners. Efficiency and financial success are enhanced for healthcare facilities, 340B covered entities, and contract pharmacies. Solutions including inventory management, purchase optimization, and 340B program support are offered. The focus is placed on serving hospitals, clinics, and community health centers. A cloud-based platform with robust security measures is utilized to ensure data protection and user accessibility. Comprehensive support is extended through dedicated account managers and training specialists.
- Headquarters Kirkland, United States
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website verity340b.com
- Social LinkedIn X Facebook
- Acquired by Express Scripts (Oct 2019)
- Legal Name Verity Solutions Group, Inc.
- InvestorsCigna Healthcare
& 1 more
- Acquired byExpress Scripts
(Oct 2019)
Products & Services of Verity
Verity offers a comprehensive portfolio of products and services, including VERISAVE Purchase Optimization, FUSEBOX 340B Alternative Distribution, and VHUB for Contract Pharmacies.
Purchase optimization is provided for healthcare pharmacy savings.
Alternative distribution solutions are offered for 340B program compliance.
Centralized management platform is designed for contract pharmacy operations.
Investors in Verity
Verity has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Cigna Healthcare and Express Scripts.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Pharmacy benefit management services are delivered through SaaS platforms. | 1986 | express-scripts.com | St. Louis, United States | |
Health insurance, dental plans, and Medicare coverage are provided. | 1792 | cigna.com | Philadelphia, United States |
Investor details for Verity
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People of Verity
30 people are tracked at Verity (5 in leadership, 25 in team).
| Name | Role | Group |
|---|---|---|
Dave Stroup | Chief Financial Officer | Leadership |
George Puckett | Chief Executive Officer | Leadership |
Todd Behrman | Vp, Product And Technical Operations | Leadership |
Andrew Z. | Director Software Engineering | Leadership |
Ron Adamski | Director, VHUB And Pharmacy Operations | Leadership |
Peter Wickersham | Principal Software Architect | Team |
Jimmy Thongoulay | Accountant | Team |
Payton Glasoe | Senior Accountant | Team |
Rosalinda Morales | 340b Accounts Manager | Team |
Lauren Schroeder | 340b Account Manager | Team |
Suong Chaffey | Assistant Controller | Team |
Lindsay Urquhart | Executive Administrator | Team |
Anurag K. | Senior Manager Of Product Management | Team |
Bilyana Yakova | VHUB Operations Manager | Team |
Georgia Laban | Senior Product Manager | Team |
Alexandra F. | Senior Supervisor | Team |
Stacey W. | Senior Agile Product Management Advisor | Team |
Ryan Doskocil | Technical Training Lead Analyst | Team |
Fritz Bentlan | Senior Product Manager | Team |
Cadence Montes | 340b Sales Operations Analyst | Team |
10 more people are available in the full profile.
Complete people profiles for Verity
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Timeline of Verity
2 dated milestones of Verity across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Verity is founded.
- Exit Acquired by Express Scripts.
Competitors of Verity
Verity has 3 listed competitors in our database, 2 of them funded. They include Wellpartner, Pharmaceutical Strategies Group and Equiscript.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wellpartner.com | 2000 | Tualatin, United States | $37.6M | 89 | 340B contract pharmacy programs and management services are provided. | |
| psgconsults.com | 1994 | Plano, United States | 65 | Pharmacy intelligence platform and clinical consulting services are provided. | ||
| equiscript.com | 2009 | North Charleston, United States | $2.1M | Provider of pharmacy management services |
Detailed competitors of Verity
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Top companies in Pharmacy & Healthcare Retail Systems
3 companies that operate in the same segment as Verity (Pharmacy & Healthcare Retail Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | 802 | ||
Optum is recognized as a leading health solution and care delivery organization. | 2011 | Eden Prairie, Minnesota, United States | USD 250 K | USD 383.36 M | 140 | |
Materials management and business analytics solutions for healthcare are provided. | 1992 | Mountain View, California, United States | USD 20 M | USD 1.18 B | 3,670 |
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Related news about Verity
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Frequently Asked Questions about Verity
Verity was founded in 2002.
Verity is headquartered in Kirkland, United States. It is registered at Kirkland, Washington, United States.
Innovative technology and services are delivered by Verity to empower pharmacy supply chain partners. Efficiency and financial success are enhanced for healthcare facilities, 340B covered entities, and contract pharmacies. Solutions including inventory management, purchase optimization, and 340B program support are offered. The focus is placed on serving hospitals, clinics, and community health centers. A cloud-based platform with robust security measures is utilized to ensure data protection and user accessibility. Comprehensive support is extended through dedicated account managers and training specialists.
Verity's top competitors include Pharmaceutical Strategies Group, Wellpartner and Equiscript.
Verity offers VERISAVE Purchase Optimization, FUSEBOX 340B Alternative Distribution, and VHUB for Contract Pharmacies.
Verity has 2 investors. Key investors include Cigna Healthcare, and Express Scripts.
Verity operates through Verity Solutions Group, Inc..
Yes. Verity was acquired by Express Scripts in October 2019.