Why our Series B raise will be good for our industry, too
Vericred co-founder and CEO, Michael Levin, shares insights into what’s on his mind after our recently completed Series B round, what’s…
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Decision Support
Vericred’s data solutions enable tech companies to build robust decision support experiences, bringing transparency and guidance to the confusing world of health insurance and employee benefits. From plan search, to provider search and physician referrals, to ICHRAs, Vericred offers a single point of integration for those seeking to deliver individual, employer, and broker-facing solutions.
APIs
Our APIs enable innovative health insurance and employee benefit decision support solutions.
1Benefits API
Benefits API
Vericred’s Benefits API delivers health insurance plan cost share information (benefits) to power applications ranging from plan comparison experiences to displaying employee benefits on a BenAdmin platform. We apply a Bakus-Naur Form (BNF) context-free grammar to all benefit presentations for highly consistent and parsable benefit data.
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2Provider Network API
Provider Network API
As provider networks continue to narrow, and fewer and fewer health plans offer out-of-network coverage, it has never been more important to find an health plan in which your doctor(s) and facilities participate and/or to find a doctor that participates in your health plan. Vericred maintains the most comprehensive set of provider network data across all market segments, from Medicaid to self-insured rental networks, in order to power any provider network related experience.
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3Card Scanning API
Card Scanning API
Developers building physician referral applications often encounter a foundational problem: most people do not know what insurance plan they have, let alone what network is attached to that plan. As a result, making in-network referrals is challenging. Vericred’s Card Scanning API extracts data from images of a health insurance card and returns the holder’s health plan network. This network can then be used for an in-network provider search and referral.
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4Formulary
Formulary
Drug costs represent over 20% of U.S. healthcare spending. Finding a health plan through which your preferred drugs are covered at the lowest cost share level, or finding a therapeutic alternative with better plan coverage, can move the needle on total cost of health care. Vericred’s Formulary API enables such applications and others.
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5ICHRA Affordability Calculator
ICHRA Affordability Calculator
ICHRAs are hot! Companies considering migrating some or all of their team to ICHRAs must consider the design of their ICHRA and compliance. Our ICHRA Affordability Calculator API returns the minimum employer contribution required to meet the affordability requirements and does so across several methods.
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6SBC Digitization
SBC Digitization
For developers seeking large group plan benefit data through an API, Vericred will accept large group SBCs, digitize them, apply our Bakus-Naur Form (BNF) context-free grammar, and deliver the benefits through our Benefits API. This is particularly useful for plan comparison, benefits display on BenAdmins, concierge applications, and digital health applications.
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Data Sets
We operate as a data translation layer between hundreds of carrier and tech partners by delivering normalized, structured data through modern APIs.
Plan Design & Rate Data
Vericred serves as a connection point between health plans and health tech companies by delivering structured health insurance data through a universal API.
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Provider Network Data
Our platform partners have access to the world’s largest plan library, complete with plan design and rate, provider-network, formulary, enrollment, and member management data.
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Formulary
Data is processed through Vericred’s rigorous and proprietary methodology and is delivered normalized, structured, and cleansed with clear fields and benefits defined and ready for parsing.
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Our Solutions Enable Your Company’s Mission
Contact us today to find out how we can help.