The rush to digital is reshaping the health insurance market. Incumbents are making investments in digital to defend their positioning while a new crop of entrants is looking to disrupt the industry with technical savvy. Vericred has positioned itself at this crossroads with its data exchange and technology platform for insurers with a robust of APIs to reduce administrative and medical costs while also leading to revenue growth. The company’s infrastructure platform allows insurers to deliver digital experiences and services, improve sales tools, manage member relations, and more. The company views itself as providing the pipes that are powering the new digital insurance economy to meet the needs of consumers, brokers, employers, and employees alike with smart solutions. AlleyWatch caught up with CEO and Cofounder Michael Levin to learn more about the adoption of digital within the insurance and benefits industry, the company’s strategic plans, latest round of funding from investors that include Aquiline Technology Growth, Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, Riverside Acceleration Capital, FCA Venture Partners, and First Health Capital Partners
FCA Venture Partners
$418M+ invested in NYC startups in the past week. NYC Tech News for the week ending 4/17 featuring news for Tomorrow Health, Vericred, and much, much more…
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/19/21 featuring funding details for Degreed, EcoCart, and twenty-two other rounds that you must know about.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 4/13/2021 featuring funding details for Vericred, The Defiant, and much more.
With the Affordable Care Act (Obama Care) and American Health Act (Trump Care) adding thousands of pages to healthcare legislation, it’s difficult to keep up with the changes and policies and most people are simply lost when it comes to securing health coverage. Vericred understands this struggle and wants to simplify the task of finding a insurance provider that matches your preferred doctors.