H1 Acquires Veda to Boost Healthcare Provider Data

H1, a company focused on connecting people with the right healthcare providers, has announced its acquisition of Veda Data Solutions, a company known for providing accurate provider data and automation solutions to health insurance plans. This acquisition, backed by significant investors like Oak HC/FT and HealthX, is designed to address a key challenge within the healthcare industry: ensuring the availability of accurate information about doctors and other healthcare providers. Such information is crucial as it affects patient decision-making, insurance networks, and the overall efficiency of healthcare delivery. The acquisition of Veda follows H1's recent acquisition of Ribbon Health and further expands its offerings to include comprehensive provider data management solutions, aiming to improve health plan operations, reduce administrative burdens, enhance patient experiences, and create a healthier future. H1, supported by investors such as Altimeter and Goldman Sachs Asset Management, aims to create an all-encompassing platform for healthcare data solutions and has been recognized for its contributions to inclusive clinical research and diversity practices.