StageSeed VC - II | Alive
Last Raised$4.67M | 2 yrs ago
Missing: Professional Credentials Exchange's Product Demo & Case Studies
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ESPs containing Professional Credentials Exchange
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
Companies in this market develop platforms that help automate manual, error-prone steps in managing provider data, such as updating provider directories, enrollment, and credentialing. They store and update providers’ information from the initial enrollment to continued re-credentialing, ensuring smoother administrative transactions between providers and payers.
Professional Credentials Exchange named as Challenger among 6 other companies, including Ribbon Health, Phynd Technologies, and Verifiable.
Missing: Professional Credentials Exchange's Product & Differentiators
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Expert Collections containing Professional Credentials Exchange
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Professional Credentials Exchange is included in 1 Expert Collection, including Digital Health.
Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)
Latest Professional Credentials Exchange News
Jun 15, 2022
Growing Alliance Demonstrates Value with Improvements in Healthcare Provider Data Quality and Reduced Administrative Costs June 15, 2022 12:00 PM Eastern Daylight Time LOUISVILLE, Ky. & NEW YORK & SECAUCUS, N.J. & MINNETONKA, Minn.--( BUSINESS WIRE )-- Synaptic Health Alliance , a consortia of healthcare leaders applying blockchain technology to industry challenges, today announced that its provider data management initiative, first started in Texas, has expanded to Colorado, Florida, Michigan and New York with the goal of a national rollout before end of year. Founded in 2018 by Aetna, Humana, MultiPlan, Quest Diagnostics and UnitedHealth Group, Synaptic Health Alliance membership has grown to nine participating organizations, including newest member ProCredEx , a blockchain health credentialing company. ProCredEx is a key addition, serving as a conduit for additional organizations that manage provider directories to both contribute and subscribe to the Alliance’s provider data updates. “We are honored to join the Synaptic Health Alliance in its mission to create a blockchain-powered utility that can help reduce costs and improve access to care,” said George Bosnjak, Chief Growth & Partnerships Officer at ProCredEx. “We are impressed by the value existing members are gleaning and eager to support the continued growth of the network.” To support its first use case of blockchain in healthcare, the Alliance developed the Provider Data Exchange platform to help ensure that provider demographic information in health plan provider directories is up to date for patients seeking care. Today, Alliance members using the platform are benefiting from shared, validated data that shows when individual providers are, or are not, actively practicing at a certain location. Members are updating their provider directories accordingly and avoiding unnecessary calls to providers and administrative costs. Through Synaptic Health Alliance’s Incentive Model, participants are testing the potential use of financial incentives for identifying incorrect or out-of-date records and/or for supplying corrections to the secure blockchain. They are also evaluating the use of financial incentives when other organizations subscribe to their data updates, potentially paving the way for the Alliance to become attractive to provider organizations that can supply many insurance companies updates at once and avoid numerous quarterly verification calls. Synaptic Health Alliance is actively accepting new member applications from across the healthcare industry. Organizations with a shared interest in improving healthcare through better, collaborative use of innovative technology are encouraged to apply. About ProCredEx ProCredEx has developed a digital marketplace to provide a solution for credentialing that allows member healthcare organizations to securely share, exchange, and monetize their credential verification data. The exchange represents a significant advancement in the tools available to credentialing professionals. ProCredEx achieves this by leveraging distributed ledger technology, applying its proprietary requirement validation engine, and building a network of vetted members focused on high-quality credentialing practices. About Synaptic Health Alliance Synaptic Health Alliance believes that blockchain technology provides an opportunity to explore how collaboration can help transparently share information, automate mutually beneficial processes and audit interactions. Its intent is to leverage this emerging technology to facilitate reaching across industry and competitive lines to solve healthcare’s toughest problems. Founding members include Aetna, Humana, MultiPlan, Quest Diagnostics and UnitedHealth Group. For more information, visit www.synaptichealthalliance.com . Contacts
Professional Credentials Exchange Frequently Asked Questions (FAQ)
When was Professional Credentials Exchange founded?
Professional Credentials Exchange was founded in 2018.
Where is Professional Credentials Exchange's headquarters?
Professional Credentials Exchange's headquarters is located at 802 East Whiting Street, Tampa.
What is Professional Credentials Exchange's latest funding round?
Professional Credentials Exchange's latest funding round is Seed VC - II.
How much did Professional Credentials Exchange raise?
Professional Credentials Exchange raised a total of $8.17M.
Who are the investors of Professional Credentials Exchange?
Investors of Professional Credentials Exchange include Spectrum Health Ventures, Martin Ventures, Florida Funders and The Hardenbergh Group.
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