veriMED Health Group
veriMED Health Group is a Florida-based network of 20 primary care clinics serving nearly 15,000 Medicare Advantage members across Central and West Florida through value-based care contracts, acquired by Millennium Physician Group in November 2025.
- Company typePrivate
- Founded1999
- HeadquartersZephyrhills, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What veriMED Health Group does
veriMED Health Group is a physician-owned primary care practice network founded in 1999 and headquartered in Zephyrhills, Florida. The company operates 20 clinic locations across Central and West Florida spanning Hillsborough, Pinellas, Pasco, Hernando, Polk, Manatee, and Sarasota counties, delivering family, general, internal, and geriatric medicine to nearly 15,000 Medicare Advantage members as well as adults at other life stages. Service breadth includes routine primary care consultations, in-office laboratory testing, same-day appointment scheduling, and 24/7 on-call physician access, with clinical leadership distributed across a Medical Director per clinic under co-founder Dr. Jai Cho.
The underlying operating model is a value-based care arrangement with Medicare Advantage health plans, with veriMED accepting CarePlus, Freedom Health, Optimum Health Care, Humana, Wellcare, and United Healthcare, alongside select commercial insurance products. Revenue mechanics flow through MA capitation and shared-savings economics rather than fee-for-service volume, supported by an internal emphasis on preventive care, cancer screening, and chronic disease management. Patient acquisition is largely referral-driven, leveraging physician relationships, community health events, and senior-targeted outreach rather than paid performance marketing, with no proprietary technology platform disclosed.
Effective November 1, 2025, veriMED was acquired by Millennium Physician Group, a Florida-based physician-led network focused on value-based care, integrating the practice into a larger regional platform. The headcount range is 51-100, and the company's growth has been incremental and de novo rather than via venture or institutional capital, reflecting a traditional independent practice model rather than a technology-enabled or PE-backed roll-up prior to the Millennium transaction.
veriMED Health Group firmographics
Firmographics- Name
- veriMED Health Group
- Legal name
- veriMED Health Group
- Website
- https://verimedhealthgroup.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- veriMED Health Group is a Florida-based network of 20 primary care clinics serving nearly 15,000 Medicare Advantage members across Central and West Florida through value-based care contracts, acquired by Millennium Physician Group in November 2025.
- Ownership category
- akta.pro rank
veriMED Health Group industry classification
Industry- Product category
- Primary Care Healthcare Services
- NAICS
- Offices of Physicians (except Mental Health Specialists) (621111), Ambulatory Health Care Services (621)
- SIC
- Services-Offices & Clinics Of Doctors Of Medicine (8011)
- akta.pro primary industry
- Value-Based Primary Care Organizations (Risk-Bearing) (HLAFAGAF)
- akta.pro secondary industry
- Medicare Provider Networks & Delegated Medical Groups (MA-focused) (FSAIAGAK)
Keywords
Where veriMED Health Group is headquartered
LocationHeadquarters
- HQ city
- Zephyrhills
- HQ country
- United States
- HQ region
- North America
Offices20 records
Markets served
veriMED Health Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Medicare Advantage Value-Based Care Contracts: veriMED Health Group generates revenue through value-based care arrangements with Medicare Advantage health plans, specializing in primary care services for nearly 15,000 Medicare members in Florida.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
veriMED Health Group product offering
Product offeringCore offering
veriMED Health Group operates a network of 20 physician-owned primary care clinics across Central and West Florida delivering Family, General, Internal, and Geriatric Medicine to nearly 15,000 Medicare Advantage members and commercial insurance patients. Core services include in-office physician consultations, in-clinic laboratory testing, same-day appointments, and 24/7 on-call physician coverage under value-based care arrangements with major Medicare Advantage plans.
Product overview
veriMED Health Group is a network of primary care physician practices offering a unified suite of services centered on Internal & Geriatric Medicine. The core offering consists of primary care consultations across 20 clinic locations in Central and West Florida, supported by value-based care arrangements with Medicare Advantage plans. Additional services include in-office laboratory testing, same-day appointment scheduling, and 24/7 on-call physician availability. The organization was acquired by Millennium Physician Group effective November 1, 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- veriMED Health Group Primary Care Services Comprehensive primary care services covering Family Medicine, General Medicine, Internal Medicine, and Geriatric Medicine, delivered through 20 physician-owned clinic locations across Central and West Florida for Medicare Advantage and commercial insurance patients.
Companies that use veriMED Health Group
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
veriMED Health Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
veriMED Health Group partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- Millennium Physician GroupcoreEffective November 1, 2025, veriMED Health Group was acquired by Millennium Physician Group, joining their expanding family of physician-led practices. Millennium Physician Group is a Florida-based healthcare provider focused on value-based care.
- CarePluscoreMedicare Advantage health plan partner accepting CarePlus Medicare plans at veriMED clinic locations for primary care services
- Freedom HealthcoreMedicare Advantage health plan partner accepting Freedom Health Medicare plans at veriMED clinic locations for primary care services
- Optimum Health CarecoreMedicare Advantage health plan partner accepting Optimum Health Care Medicare plans at veriMED clinic locations for primary care services
- HumanacoreMedicare Advantage health plan partner accepting Humana Medicare plans at veriMED clinic locations for primary care services
- WellcarecoreMedicare Advantage health plan partner accepting Wellcare Medicare plans at veriMED clinic locations for primary care services
- United HealthcarecoreMedicare Advantage and commercial health plan partner accepting United Healthcare Medicare and commercial plans at veriMED clinic locations for primary care services
Scale indicators4 records
Recent moves4 records
Expansion highlights4 records
veriMED Health Group competitors and assessment
Company assessmentDirect peers
- Cano Health: Florida-headquartered MA-focused primary care provider operating value-based clinics for seniors. Direct competitor for MA members in the same Florida geographies.
- Millennium Physician Group: Florida-based value-based primary care network that acquired veriMED in November 2025. Operates the same MA-focused, risk-bearing primary care model across the same Florida geography.
- ChenMed: National value-based primary care group serving seniors and MA members through physician-owned clinics, with strong Florida presence. Closely comparable risk-bearing PCP model targeting the same MA population.
- Conviva Care Solutions: Humana-affiliated senior-focused primary care group operating value-based clinics heavily in Florida, directly competing with veriMED for MA members in the same counties.
- CenterWell Senior Primary Care: Humana-owned senior primary care platform with Florida clinics offering MA-focused, value-based primary care to seniors — same patient segment, same payer relationships.
- VillageMD: Walgreens-backed primary care platform expanding value-based senior care including Florida locations. Comparable risk-bearing PCP model targeting MA populations.
- Oak Street Health: CVS Health-owned value-based primary care group focused exclusively on Medicare beneficiaries, with Florida clinics. Closest national analog to veriMED's MA-focused risk-bearing model.
- Dedicated Senior Medical Centers: Florida-based senior primary care chain offering value-based care to MA members in similar geographies. Direct competitor for the same senior patient population.
Broad incumbents
- Humana: Major MA payer that contracts with veriMED and owns CenterWell/Conviva. Not a direct competitor to veriMED clinics, but vertically integrated into the same MA value-based primary care market.
Emerging players
- One Medical (now Amazon): Membership-based primary care platform with growing Medicare footprint via the former Iora Health acquisition. Comparable PCP model with stronger digital/telehealth capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
veriMED Health Group social profiles
Digital presenceveriMED Health Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
veriMED Health Group leadership team
Management profileNumber of profiles
Profiles1 record
veriMED Health Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
veriMED Health 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 veriMED Health Group
What does veriMED Health Group do?
veriMED Health Group operates a network of 20 physician-owned primary care clinics across Central and West Florida delivering Family, General, Internal, and Geriatric Medicine to nearly 15,000 Medicare Advantage members and commercial insurance patients. Core services include in-office physician consultations, in-clinic laboratory testing, same-day appointments, and 24/7 on-call physician coverage under value-based care arrangements with major Medicare Advantage plans.
Is veriMED Health Group a public or private company?
veriMED Health Group is a private company. It is classified as corporate owned and is currently acquired.
When was veriMED Health Group founded?
veriMED Health Group was founded in 1999. It employs 51 to 100 people.
Where is veriMED Health Group based?
veriMED Health Group is headquartered in Zephyrhills, United States, in the North America region.
How does veriMED Health Group make money?
One revenue line is on record: medicare Advantage Value-Based Care Contracts.
Who are veriMED Health Group's main competitors?
Direct peers on record are Cano Health, Millennium Physician Group, ChenMed, Conviva Care Solutions, CenterWell Senior Primary Care, VillageMD, Oak Street Health and Dedicated Senior Medical Centers. Humana is listed as a broad incumbent. One Medical (now Amazon) is listed as an emerging player.
Does veriMED Health Group have an API?
No public API is recorded for veriMED Health Group.
What industry is veriMED Health Group in?
veriMED Health Group's product category is Primary Care Healthcare Services. Its primary akta.pro industry code is HLAFAGAF, Value-Based Primary Care Organizations (Risk-Bearing), with a secondary code of FSAIAGAK, Medicare Provider Networks & Delegated Medical Groups (MA-focused). Its NAICS code is 621111 and its SIC code is 8011.