Verifiable, a company designing software to automate the healthcare provider credentialing process, raised $27 million in series B financing.
The company will use the funding to expand its go-to-market teams, scale its infrastructure and accelerate its partnership with Salesforce. Craft Ventures led the funding round, according to a July 10 Verifiable news release.
Health insurance giant Humana uses Verifiable's credentialing technology.
"Credentialing isn't a new challenge — it's an administrative bottleneck that's been costing healthcare organizations billions while negatively impacting provider experience and eroding the bottom line," Verifiable CEO Nick Macario said in the news release. "What is new is Verifiable's integrated approach that truly automates the underlying operations through real-time verifications and workflows to drive speed and efficiency. Some of our largest competitors in the space are also customers of our platform, which speaks to the unique solution and value we bring to market."