Verity Solutions Group

What Verity Solutions Group does

Verity Solutions Group, Inc. is a Kirkland, Washington-based private healthcare technology company founded in 2002 that provides cloud-based 340B drug pricing program management software and pharmacy supply chain solutions to US hospitals, health systems, community health centers, FQHCs, and contract pharmacies. The platform, HITRUST CSF certified, offers 12 modular products organized around two solution tracks: pharmacy operations (DromosPTM inventory management, Own Use Program, FUSEBOX, and VERISAVE Pharmacy Purchase Optimization) and 340B program administration (Split Billing, Contract Pharmacy, Alternative Distribution, Specialty Contract Pharmacy, Owned Retail Pharmacy, Referral Capture, Verity Care Card, and VHUB for Contract Pharmacies). VHUB functions as a centralized gateway allowing contract pharmacies to manage relationships with multiple third-party administrators (TPAs) through a single integration.

The company operates a subscription SaaS revenue model with quote-based pricing sold through an enterprise field sales motion, supplemented by GPO channel partnerships (Intalere, Acurity) and procurement network integration (SAP Ariba). Verity reports a 97% customer satisfaction rate and has accumulated multiple Best in KLAS 340B Management Systems awards spanning 2012 through 2026, with KLAS Category Leader designations in 2018, 2019, and 2020, making it the most decorated vendor in the 340B third-party administrator segment. The company is led by President & CEO George Puckett with CFO Jon Sortland and four vice presidents covering operations, product management and marketing, and sales. Ownership is private with no disclosed institutional investors, parent company, or venture funding in the source data.

Name

Verity Solutions Group

Legal name

Verity Solutions Group, Inc.

Website

https://verity340b.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Short description

Verity Solutions Group provides cloud-based 340B drug pricing program management and pharmacy supply chain software to US hospitals, health systems, FQHCs, and contract pharmacies through a HITRUST-certified SaaS platform with 12 modular products.

Ownership category

akta.pro rank

Product category

340B Program Management Software

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Software Publishers (5132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Health Services (8000)

akta.pro primary industry

340B Program Administration & Contract Pharmacy Services (HLAFALAL)

akta.pro secondary industries

Medication Inventory, Procurement & Supply Chain (Pharmacy) (HLACAKAI), Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG), 340B Program Administration & Support (HLAEAKAJ)

Keywords

• 340B program management
• Pharmacy supply chain
• Split billing software
• Contract pharmacy management
• Pharmacy purchase optimization

Headquarters

HQ city

Kirkland

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. 340B Management Software Subscription: SaaS-based subscription model for 340B third-party administrator services including contract pharmacy management, split billing, and compliance tracking for healthcare facilities and covered entities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Verity Solutions Group provides cloud-based SaaS for managing the federal 340B drug pricing program and optimizing pharmacy purchasing. For healthcare facilities (hospitals, health systems, clinics) the company offers inventory management, own use program, and pharmacy purchase optimization (DromosPTM, FUSEBOX, VERISAVE). For 340B covered entities and contract pharmacies, it provides split billing, contract pharmacy, alternative distribution, owned retail pharmacy, referral capture, specialty contract pharmacy, Verity Care Card, and VHUB — a centralized gateway that consolidates multiple third-party administrator relationships into one platform.

Product overview

Verity Solutions Group offers a cloud-based platform with modular solutions for pharmacy supply chain management and 340B program administration. The core platform provides transparent visibility into pharmacy savings, drug dispenses, prescription information, and claim data. For healthcare facilities (hospitals, health systems, clinics), the product suite includes DromosPTM (inventory management), Own Use Program, FUSEBOX, and VERISAVE Pharmacy Purchase Optimization. For 340B covered entities (hospitals, FQHCs, community health centers) and contract pharmacies, the offering includes Alternative Distribution, Contract Pharmacy, Owned Retail Pharmacy, Referral Capture, Specialty Contract Pharmacy, Split Billing, Verity Care Card, and VHUB for Contract Pharmacies — a centralized gateway that consolidates multiple TPA relationship management into one platform. The platform supports management of user and site activity across locations with customizable organizational views.

Differentiator

Problem solved

Functional benefit

Brands

• DromosPTM: Solution for healthcare facilities - pharmacy purchasing, inventory management
• FUSEBOX
• VERISAVE
• Verity Care Card
• VHUB
• VERISAVE Pharmacy Purchase Optimization

Products and services

• DromosPTM Pharmacy inventory management solution for healthcare facilities that enables organizations to manage pharmacy inventory with visibility into drug dispenses, script information, and pharmacy claim data. Designed for hospitals, healthcare systems, and clinics.
• Own Use Program Program enabling healthcare facilities to manage pharmacy purchasing for own use, supporting compliance with own-use requirements under the 340B drug pricing program for hospitals, health systems, and clinics.
• FUSEBOX Pharmacy solution for healthcare facilities offered as a distinct product within Verity's portfolio, supporting pharmacy operations and supply chain workflows.
• VERISAVE Pharmacy Purchase Optimization Purchase optimization solution that helps healthcare facilities maximize savings on pharmacy spend through improved front-end purchasing processes, addressing opportunity losses in purchasing and converting wholesale acquisition cost purchases.
• Alternative Distribution 340B distribution solution for covered entities seeking alternative drug distribution pathways outside traditional channels to maximize 340B savings.
• Contract Pharmacy 340B contract pharmacy management solution for covered entities, enabling management of contract pharmacy relationships, claims processing, and program compliance.
• Owned Retail Pharmacy Solution for 340B covered entities that own and operate outpatient/retail pharmacies, supporting 340B prescription capture and management.
• Referral Capture Solution to capture and manage patient referrals for 340B program optimization, helping covered entities maximize eligible prescription volume.
• Specialty Contract Pharmacy Specialty pharmacy services integrated with the 340B contract pharmacy model for covered entities managing specialty drug channels.
• Split Billing Software functionality for managing split billing across 340B-eligible and 340B-ineligible prescriptions, ensuring accurate accumulation and dispensing classification.
• Verity Care Card Patient assistance card program for 340B covered entities that supports medication access for patients served by covered entities.
• VHUB for Contract Pharmacies Centralized gateway solution for 340B contract pharmacies that consolidates management of multiple third-party administrator (TPA) relationships into a single platform, including manufacturer restrictions handling and split billing services.

Quantifiable outcome

• 97% of customers report being highly satisfied with their partnership
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered minor.

• IntalereminorChannel Partner/ Reseller/ DistributorListed as a partner in the 'Our Partners' section on the Verity Solutions website. Intalere is a healthcare GPO (Group Purchasing Organization) that likely provides access to their member healthcare facilities.
• AcurityminorChannel Partner/ Reseller/ DistributorListed as a partner in the 'Our Partners' section on the Verity Solutions website. Acurity is a healthcare contracting and procurement organization serving member healthcare facilities.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Macro Helix: A 340B management software and services provider (now owned by Cencora/AmerisourceBergen) serving hospitals, health systems, and contract pharmacies with split-billing, contract pharmacy, and audit support - directly competing with Verity in the 340B TPA market.
• Sentry Data Systems: Long-standing 340B program management platform serving hospitals, FQHCs, and contract pharmacies. Competes head-to-head with Verity on 340B compliance, split billing, and contract pharmacy management.
• CaptureRx: 340B solutions provider offering contract pharmacy management, split billing, and compliance software for covered entities and safety-net hospitals - directly comparable to Verity's core 340B offering.
• SunRx: 340B management platform focused on contract pharmacy administration, manufacturer restriction handling, and audit support for covered entities and pharmacies - a direct functional competitor to Verity's contract pharmacy suite.
• Pharmaceutical Strategies Group (PSG): Pharmacy consulting and 340B management services firm providing program assessments, compliance support, and software solutions to hospitals and health systems - overlapping with Verity's 340B TPA and consulting offerings.
• RxStrategies: 340B program administration company providing split billing, contract pharmacy management, and compliance services to hospitals and FQHCs - directly comparable to Verity's 340B TPA value proposition.

Broad incumbents

• Cencora: Pharmaceutical distribution giant (formerly AmerisourceBergen) that owns Macro Helix. Competes broadly by bundling 340B software with drug distribution contracts, leveraging scale advantages over pure-play 340B software vendors like Verity.

Emerging players

• Avita Pharmacy: Specialty pharmacy with deep 340B focus, providing 340B contract pharmacy services, HIV/AIDS pharmacy programs, and patient assistance. Adjacent rather than head-to-head with Verity, but competing for the same 340B contract pharmacy wallet.
• Wellsense Technologies: 340B program management and pharmacy benefit technology provider serving hospitals and health systems with split billing and contract pharmacy tools - partial overlap with Verity's core modules.

Others

• Apexus (340B Prime Vendor Program): HRSA-contracted Prime Vendor for the 340B program, providing sub-ceiling pricing and educational resources. Functions as an ecosystem enabler for Verity's covered entity customers rather than a direct software competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/verity-solutions
• Xx.com/Verity340B
• Facebookfacebook.com/verity340b

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verity Solutions Group