Verity Solutions Group
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.
- Company typePrivate
- Founded2002
- HeadquartersKirkland, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
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.
Verity Solutions Group firmographics
Firmographics- 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
Verity Solutions Group industry classification
Industry- 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
Where Verity Solutions Group is headquartered
LocationHeadquarters
- HQ city
- Kirkland
- HQ country
- United States
- HQ region
- North America
Markets served
Verity Solutions Group business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- 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
Verity Solutions Group product offering
Product offeringCore 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
Companies that use Verity Solutions Group
Customer profileSegments3 records
Ideal customer profiles3 records
Verity Solutions Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Verity Solutions Group partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- IntalereminorListed 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.
- AcurityminorListed 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
Verity Solutions Group competitors and assessment
Company assessmentDirect 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
Verity Solutions Group social profiles
Digital presenceVerity Solutions Group compliance and trust
Trust signalCompliance1 record
Verity Solutions Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verity Solutions Group leadership team
Management profileNumber of profiles
Profiles6 records
Verity Solutions Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verity Solutions Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verity Solutions Group
What does Verity Solutions Group do?
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.
Is Verity Solutions Group a public or private company?
Verity Solutions Group is a private company. It is classified as unknown and is currently operating.
When was Verity Solutions Group founded?
Verity Solutions Group was founded in 2002. It employs 101 to 250 people.
Where is Verity Solutions Group based?
Verity Solutions Group is headquartered in Kirkland, United States, in the North America region.
How does Verity Solutions Group make money?
One revenue line is on record: 340B Management Software Subscription.
Who are Verity Solutions Group's main competitors?
Direct peers on record are Macro Helix, Sentry Data Systems, CaptureRx, SunRx, Pharmaceutical Strategies Group (PSG) and RxStrategies. Cencora is listed as a broad incumbent. Emerging players are Avita Pharmacy and Wellsense Technologies. Apexus (340B Prime Vendor Program) is listed as an others.
Does Verity Solutions Group have an API?
No public API is recorded for Verity Solutions Group.
What industry is Verity Solutions Group in?
Verity Solutions Group's product category is 340B Program Management Software. Its primary akta.pro industry code is HLAFALAL, 340B Program Administration & Contract Pharmacy Services, with a secondary code of HLACAKAI, Medication Inventory, Procurement & Supply Chain (Pharmacy). Its NAICS code is 524292 and its SIC code is 7370.