Verisys Corporation
Verisys Corporation is a private healthcare compliance data company, founded in 1992, that provides primary-source provider credentialing, license verification, exclusion screening, and continuous monitoring to health plans, hospitals, pharmacies, and government agencies via its FACIS database and Profiles API.
- Company typePrivate
- Founded1992
- HeadquartersAlexandria, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Verisys Corporation does
Verisys Corporation, founded in 1992 and headquartered in Alexandria, Virginia with operations spanning Kentucky and India, is a private healthcare provider compliance data company serving health plans, hospitals and health systems, retail pharmacies, background screeners, life sciences organizations, healthcare staffing agencies, and state and federal government agencies. The company is built around FACIS (Fraud Abuse Control Information System), a registered trademark database that aggregates more than 10 million records from over 3,500 primary sources — including federal databases, state boards, licensing authorities, board meeting minutes, and FDA warning letters — across all 50 states, 56 U.S. jurisdictions, and 868 healthcare taxonomies. The platform portfolio comprises FACIS, LicenseCheck (license verification and monitoring), VerisysWatch (continuous monitoring and alerting), CredCheck (credentialing), EligibilityCheck (real-time eligibility, DEA, Medicare/Medicaid), Provider Data Management, NPI Validation, OFAC+ and Death Master File monitoring, DEA & CDS monitoring, Abuse Registry monitoring, Pre-Hire Screening, and the Profiles Unified API, with stated 99.95% data accuracy and 2M+ outsourced credentialing events completed annually.
Verisys generates revenue primarily through annual subscription contracts priced on a quote basis, with enterprise direct sales to large healthcare organizations, supported by API, SFTP, portal, and file-exchange delivery channels. The company is NCQA-certified and URAC-accredited as a Credentials Verification Organization, and holds SOC 2 Type 2, ISO 27001, HITRUST, and FCRA-compliant Consumer Reporting Agency designations, which collectively form a regulatory barrier to entry. The go-to-market is enterprise field sales; a May 2026 strategic partnership with ID.me extends reach into all 50 state Medicaid agencies in response to a CMS directive on high-risk provider revalidation. The company is privately held, backed by Spectrum Equity and Cressey & Company (2017 growth investment), acquired Med Advantage in 2021, and operates with 251–500 employees.
Verisys Corporation firmographics
Firmographics- Name
- Verisys Corporation
- Legal name
- Verisys Corporation
- Website
- https://verisys.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Verisys Corporation is a private healthcare compliance data company, founded in 1992, that provides primary-source provider credentialing, license verification, exclusion screening, and continuous monitoring to health plans, hospitals, pharmacies, and government agencies via its FACIS database and Profiles API.
- Ownership category
- akta.pro rank
Verisys Corporation industry classification
Industry- Product category
- Healthcare Provider Compliance Data Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Provider Network, Credentialing & Contracting Support (BPAAAFAI)
- akta.pro secondary industries
- Consent, Preference & Data Rights Management (incl. HIPAA/GDPR support) (HLACAIAG), Third-Party & Supply Chain Risk Management (TPRM) (HLACAJAK)
Keywords
Where Verisys Corporation is headquartered
LocationHeadquarters
- HQ city
- Alexandria
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Verisys Corporation business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Provider Credentialing Services: Outsourced credentialing and verification services supporting hospitals, health systems, health plans, pharmacies, and government organizations. Verisys completes more than two million outsourced credentialing events annually.
- Data API and Platform Access: Profiles API and data delivery services providing real-time access to verified provider data, integrated via API, SFTP, or portal workflows.
- Sanctions and Exclusion Screening: FACIS screening and monitoring services for sanctions, exclusions, debarments, and disciplinary actions across federal and state sources.
- License Verification and Monitoring: Primary source license verification and ongoing monitoring across all U.S. states and jurisdictions for all provider types.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise/Custom Pricing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
Verisys Corporation product offering
Product offeringCore offering
Verisys Corporation operates a healthcare provider compliance data platform anchored by its FACIS (Fraud Abuse Control Information System) database, which aggregates over 10 million records from 3,500+ primary sources across all 50 U.S. states. The company sells credentialing, license verification, continuous monitoring, eligibility verification, and provider data management solutions to healthcare organizations, supplemented by a Unified API (Profiles) for real-time data integration. Verisys completes more than two million outsourced credentialing events annually for health plans, hospitals, retail pharmacies, government agencies, and other healthcare entities.
Product overview
Verisys Corporation offers a comprehensive healthcare compliance data platform built around its core FACIS (Fraud Abuse Control Information System) database. The platform provides a portfolio of integrated solutions including credentialing (CredCheck), licensure verification (LicenseCheck), continuous monitoring (VerisysWatch), real-time eligibility (EligibilityCheck), provider data management, and the Profiles API product. These solutions deliver verified provider data with over 99.95% accuracy across all 50 states, supporting healthcare organizations with compliance, credentialing, and risk mitigation through real-time, primary-source verified information.
Differentiator
Problem solved
Functional benefit
Brands
- FACIS: Fraud Abuse Control Information System - The healthcare industry's most accurate and trusted exclusion and sanction dataset for screening and monitoring, covering over 3,500 primary sources across all 50 states.
- CredCheck
- LicenseCheck
- VerisysWatch
- EligibilityCheck
- Profiles
Products and services
- FACIS (Fraud Abuse Control Information System) The industry's most comprehensive exclusion and sanction screening database, covering over 10 million records from 3,500+ primary sources across all 50 states and jurisdictions for licensed and unlicensed providers, employees, contractors, and entities.
- LicenseCheck Real-time licensure verification and monitoring solution covering all provider and allied professional license types across all U.S. states and jurisdictions, with 30% more actionable data than market alternatives and greater than 99.95% accuracy.
- VerisysWatch Continuous monitoring solution that delivers real-time alerts on credential changes, adverse actions, sanctions, exclusions, and licensure updates to ensure healthcare organizations remain compliant with evolving standards.
- CredCheck Comprehensive credentialing solution supporting ongoing, perpetual credentialing of providers through in-house processes, existing credentialing platforms, or fully outsourced models. Verisys completes more than two million outsourced credentialing events annually.
- EligibilityCheck Real-time provider eligibility verification solution that delivers Exclusion status, License Status, DEA Status, Medicare Opt-Out, and Medicare Enrollment (PECOS) data for claims processing, prescription filling, benefits processing, facility badging, and provider recruitment.
- Profiles by Verisys Real-time healthcare provider data management platform with a Unified API architecture offering panoramic view of providers with comprehensive coverage, and real-time verification updates for credentialing, eligibility checks, license status verification, DEA number verification, primary source verification, provider directory maintenance, expiration monitoring, Medicare/Medicaid enrollment verification, and insurance eligibility checks.
- Provider Data Management Data curation and management solution supporting data cleansing, normalization, and augmentation of provider directories, enrollment reporting, prescriber files, and prescription drug monitoring program reporting.
- Pre-Hire Screening Pre-employment screening solution for medical credentials, sanctions history, and licensure verification to ensure workforce compliance.
Quantifiable outcome
- 99.95% data accuracy rate, outperforming competitors by 30%+ in speed and reliability
- +3 more outcomes
Companies that use Verisys Corporation
Customer profileNamed customers4 records
Segments7 records
Ideal customer profiles7 records
Verisys Corporation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Verisys Corporation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ID.mecoreID.me and Verisys launched a strategic partnership to help state Medicaid agencies verify provider identities, validate credentials, and manage CMS provider revalidation requirements. The partnership combines ID.me's NIST-compliant identity proofing and reusable digital credentials with Verisys' real-time provider data, license validation, and ongoing monitoring across all 50 states. This addresses the May 2026 CMS directive requiring all 50 state Medicaid agencies to submit high-risk provider revalidation plans within 30 days to combat fraud, waste, and abuse in the $900 billion Medicaid program.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Verisys Corporation competitors and assessment
Company assessmentDirect peers
- symplr: symplr is a healthcare workforce and credentialing platform offering provider credentialing, privileging, and compliance solutions directly competitive with Verisys's CredCheck and FACIS offerings, targeting overlapping health system and hospital customers.
- HealthStream: HealthStream provides healthcare workforce compliance, credentialing, and learning solutions to hospitals and health systems, directly overlapping with Verisys's credentialing and continuous monitoring product lines for the same provider buyer.
- PreCheck: PreCheck offers healthcare-specific background screening, credentialing, and license monitoring services to hospitals, staffing agencies, and payers, directly overlapping with Verisys's LicenseCheck, VerisysWatch, and pre-hire screening products.
- InteliSpend (NCS / National Credentialing Solutions): National Credentialing Solutions (NCS) provides outsourced credentialing and primary source verification services to healthcare organizations, directly competing with Verisys's CredCheck outsourced credentialing offering for hospital and payer accounts.
- SkillSurvey: SkillSurvey provides reference and credentialing solutions for healthcare workforce screening, directly competing with Verisys's pre-hire screening and ongoing monitoring products for staffing agencies and hospitals.
Broad incumbents
- LexisNexis Risk Solutions (Healthcare): LexisNexis Risk Solutions aggregates public records, provider data, and exclusion information within a much broader enterprise data platform, competing with FACIS for health plan and hospital screening budgets as part of a wider risk and identity portfolio.
- Wolters Kluwer (Health Language / Medi-Span): Wolters Kluwer's healthcare division provides drug data, compliance, and clinical decision support solutions to payers, hospitals, and pharmacies — competing with Verisys in adjacent provider and payment integrity workflows as part of a much broader portfolio.
- Definitive Healthcare: Definitive Healthcare provides commercial intelligence on healthcare providers to life sciences, payers, and medical device companies, intersecting with Verisys's provider data offerings from an analytics and commercial perspective.
Emerging players
- ProviderTrust: ProviderTrust offers healthcare exclusion, sanction, and license monitoring SaaS to payers and providers, emerging as a partial competitor to Verisys's FACIS and VerisysWatch products with a more modern, narrower SaaS approach.
- MedTrainer: MedTrainer provides credentialing, compliance, and learning management to healthcare organizations, competing with Verisys's credentialing and continuous monitoring products from a unified SaaS workflow angle.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Verisys Corporation social profiles
Digital presenceVerisys Corporation compliance and trust
Trust signalCompliance7 records
Verisys Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verisys Corporation leadership team
Management profileNumber of profiles
Profiles10 records
Verisys Corporation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verisys Corporation M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verisys Corporation
What does Verisys Corporation do?
Verisys Corporation operates a healthcare provider compliance data platform anchored by its FACIS (Fraud Abuse Control Information System) database, which aggregates over 10 million records from 3,500+ primary sources across all 50 U.S. states. The company sells credentialing, license verification, continuous monitoring, eligibility verification, and provider data management solutions to healthcare organizations, supplemented by a Unified API (Profiles) for real-time data integration. Verisys completes more than two million outsourced credentialing events annually for health plans, hospitals, retail pharmacies, government agencies, and other healthcare entities.
Is Verisys Corporation a public or private company?
Verisys Corporation is a private company. It is classified as venture growth investor backed and is currently operating.
When was Verisys Corporation founded?
Verisys Corporation was founded in 1992. It employs 251 to 500 people.
Where is Verisys Corporation based?
Verisys Corporation is headquartered in Alexandria, United States, in the North America region.
How does Verisys Corporation make money?
Four revenue lines are on record. Provider Credentialing Services are the primary driver. The others are data API and Platform Access, sanctions and Exclusion Screening and license Verification and Monitoring.
Who are Verisys Corporation's main competitors?
Direct peers on record are symplr, HealthStream, PreCheck, InteliSpend (NCS / National Credentialing Solutions) and SkillSurvey. Broad incumbents are LexisNexis Risk Solutions (Healthcare), Wolters Kluwer (Health Language / Medi-Span) and Definitive Healthcare. Emerging players are ProviderTrust and MedTrainer.
Does Verisys Corporation have an API?
Yes. Verisys offers a Unified API architecture through its Profiles product that enables real-time healthcare provider data access. Integration options include API, SFTP, portal, and file exchange delivery methods. The API supports credentialing, eligibility checks, license status verification, DEA number verification, primary source verification, provider directory maintenance, expiration monitoring, Medicare/Medicaid enrollment verification, and insurance eligibility checks.
What industry is Verisys Corporation in?
Verisys Corporation's product category is Healthcare Provider Compliance Data Platform. Its primary akta.pro industry code is BPAAAFAI, Provider Network, Credentialing & Contracting Support, with a secondary code of HLACAIAG, Consent, Preference & Data Rights Management (incl. HIPAA/GDPR support). Its NAICS code is 518 and its SIC code is 7370.