Certify Raises $40M Series B to Transform Healthcare Provider Data Infrastructure
核心洞察
Certify (搜索), a provider data intelligence company, secured $40 million in Series B funding led by Transformation Capital (搜索) to address provider data chaos in healthcare systems.
The company has tripled its growth year-over-year and delivers significant operational improvements including 40% reduction in administrative costs and 30% improvement in provider data accuracy.
Certify (搜索)'s AI-powered platform unifies provider data from thousands of primary sources, reducing provider onboarding time from months to days while achieving 99.8% field-level accuracy.
Certify (搜索), a provider data intelligence company, announced a $40 million Series B funding round led by Transformation Capital (搜索), with continued backing from General Catalyst (搜索) and Upfront Ventures (搜索) and new support from SemperVirens (搜索). The investment brings the company's total funding to $69 million and comes amid tremendous momentum, with Certify tripling its growth year-over-year.
"Provider data chaos remains one of the most overlooked drivers of cost, delay, and abrasion in healthcare today," said Anshul Rathi, Founder and CEO of Certify (搜索). "Without addressing this foundational issue, patients won't find needed care and provider burnout will reach a breaking point. We're building what healthcare has always needed but never had – a single, intelligent source of truth for provider data that transforms fragmented, error-prone processes into a strategic asset."
Addressing Critical Healthcare Infrastructure Gaps
The funding addresses a significant problem in healthcare operations, where manual data entry drives up to 50% of inaccuracies and up to 30% of claims are delayed or denied due to provider data issues. Certify (搜索)'s platform tackles these challenges by unifying provider data from thousands of primary sources including state boards, certifying bodies, and national clearinghouses through automated pipelines and partnerships.
"Certify (搜索)'s health plan market penetration and powerful network effects set it apart in the healthcare data infrastructure space," said Scott Rosen, Partner at Transformation Capital (搜索). "Their team is modernizing provider data administration by rearchitecting the foundational layer that healthcare runs on. The opportunity ahead — to unify, simplify, and scale provider operations across the industry — is massive."
Demonstrating Measurable Impact
The company's growth is fueled by significant client impact metrics, including a 40% reduction in administrative costs, 30% improvement in provider data accuracy, and 99.8% field-level accuracy. Perhaps most notably, Certify (搜索) has reduced provider onboarding time from months to days, addressing a critical bottleneck in healthcare operations.
Technology Platform and Market Evolution
While Certify (搜索) entered the market in 2021 as a credentialing platform, the company now serves health plans and digital health companies with comprehensive provider data needs, including credentialing, licensing, monitoring, and roster management. The platform uses a single provider data layer that is AI-powered and grows stronger with each new participant.
Certify (搜索)'s platform layers in self-reported data from providers and uses AI and machine learning to attribute every data point to a unique provider record. Behind the scenes, the platform cleans, standardizes, and normalizes the data, creating a real-time source of truth. Their API-first infrastructure enables source of truth data to be used by customers to automate processes like credentialing and to bring accurate provider data seamlessly into any downstream system.
Strategic Investment and Future Plans
The company plans to use the Series B funding to accelerate product, engineering and go-to-market efforts to meet growing market demand. This level of automation and accuracy is increasingly critical as health plans face pressure to meet rising regulatory demands, improve provider and member experiences, and reduce administrative waste while managing fragmented systems and outdated workflows.
The investment positions Certify (搜索) to lay the foundation for the next generation of provider network operations in a system that depends on trust, speed, and interoperability.