PearlDiver Technologies

What PearlDiver Technologies does

PearlDiver Technologies is a privately held U.S. healthcare research technology company headquartered in Colorado Springs, Colorado. The company provides a proprietary software platform that enables healthcare researchers to query one of the largest U.S. all-payer claims databases — PearlDiver™ Mariner — covering 174 million distinct patients and over 84 billion HIPAA-compliant records spanning January 2010 through December 2023 across all payer types (commercial, Medicare, Medicaid, self-pay, government) and all U.S. states and territories. The Mariner database supports longitudinal patient tracking via unique identifiers and query capability across ICD-9/ICD-10 diagnosis and procedural codes, CPT codes, and prescription NDC codes, with physician-level and demographic-level granularity. The Bellwether platform provides the graphical user interface through which customers create queries and generate reports.

The company monetizes primarily through its Direct Research Program, a software subscription offering immediate, unlimited access to the research platform with no per-study charges and no cap on registered users. Pricing is not publicly disclosed and contracts are billed annually. Two supplementary revenue streams — Data Integration Services (integrating client in-house data into Bellwether) and Advisory Solutions (advisory support with database and research-tool access) — extend the offering into professional services. Customers include universities, hospitals, pharmaceutical companies, medical device companies, and government/regulatory agencies. Go-to-market is enterprise field sales driven by direct outreach, contact forms, and live demos. The firm is small (1-10 employees), privately held, founder-operated, with no disclosed institutional investors, funding rounds, or M&A activity.

Name

PearlDiver Technologies

Legal name

PearlDiver

Website

https://pearldiverinc.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

PearlDiver Technologies is a privately held U.S. healthcare research software company that provides a subscription-based query platform (Bellwether) over one of the largest U.S. all-payer claims databases (Mariner), serving universities, hospitals, pharmaceutical companies, medical device firms, and government agencies.

Ownership category

akta.pro rank

Product category

Healthcare Claims Data Analytics

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Processing & Data Preparation (7374), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment) (HLACABAK)

Keywords

• Healthcare claims data
• Patient claims research
• Medical research software
• Healthcare data analytics
• Clinical research platform

Headquarters

HQ city

Warsaw

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Subscription (Direct Research Program): PearlDiver offers software subscriptions through their Direct Research Program, providing immediate access to proprietary research tools on a subscription basis. The company does not charge per individual study performed and does not cap the number of registered users, allowing unlimited research across extensive patient data.
2. Data Integration Services: PearlDiver provides data integration services, helping clients integrate their in-house data into the Bellwether platform for rapid, effective custom research on actionable topics.
3. Advisory Solutions: PearlDiver provides advisory services through creating relationships with top-tier industry advisors, offering data, support, and operations assistance to consulting and advisory teams.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PearlDiver Technologies sells subscription access to its proprietary PearlDiver Mariner all-payer claims database (174M patients, 84B+ HIPAA-compliant records, January 2010–December 2023) through the Direct Research Program, allowing healthcare researchers to run customizable cost, incidence, longitudinal, and market distribution queries in minutes. Customers access the data via the proprietary Bellwether query platform, with optional Data Integration Services (client data onboarding) and Advisory Solutions (research support) layered on top.

Product overview

PearlDiver Technologies offers a unified healthcare research platform centered on the PearlDiver™ Mariner database, one of the largest U.S. healthcare databases containing 174 million patient records spanning 2010-2023. The core offering is the Direct Research Program, a subscription-based software service that provides unlimited access to the Bellwether research platform for customized cost research, longitudinal tracking, incidence research, and market distribution analysis. The portfolio includes two supplementary services: Data Integration Services for integrating clients' in-house data into Bellwether, and Advisory Solutions providing advisory support with database access. The platform supports research across multiple coding systems including ICD-9/10, CPT, and NDC codes, with coverage across all U.S. states, payer types, and demographic segments.

Differentiator

Problem solved

Functional benefit

Brands

• PearlDiver™ Mariner: All Payer Claims Database containing medical and prescription claims from January 2010 through December 2023, covering 174 million patients with longitudinal tracking capabilities.

Products and services

• Direct Research Program Annual software subscription service granting customers immediate access to the proprietary PearlDiver research platform and the Mariner all-payer claims database for customized cost research, longitudinal tracking, incidence research, and market distribution research, with no per-study charges and unlimited registered users. Targeted at academic institutions, hospital systems, pharmaceutical companies, medical device companies, and government/regulatory stakeholders.
• PearlDiver Mariner The proprietary all-payer claims database product containing 174 million patients with longitudinal tracking capabilities across all payer types (commercial insurance, Medicare, Medicaid, self-pay, government plans) and coverage of all U.S. states and territories, supporting ICD-9/10 diagnosis, ICD-9/10 procedural, CPT, and NDC code-based research.
• Bellwether The proprietary HIPAA-compliant query platform used to run research on the PearlDiver Mariner database, featuring a graphical user interface for creating queries, generating reports, and performing statistical analyses, with multi-user support for team-based research collaboration.
• Data Integration Services Professional service that integrates clients' in-house data into the Bellwether platform, providing HIPAA-compliant data handling, a graphic user interface, and multi-user collaboration capabilities to enable rapid, customizable research on client-specific topics.
• Advisory Solutions Advisory service delivering data research capabilities and operational support to industry advisory teams, providing rapid actionable results throughout project stages with access to PearlDiver's database and research tools.

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• IQVIA: IQVIA is the largest global provider of healthcare data, analytics, and real-world evidence services, including the legacy Truven claims databases (MarketScan, Treatment Pathways). It serves the same pharma, provider, and government buyer base as PearlDiver but at vastly greater scale with multi-modal data and global reach.
• Optum Insight: Optum Insight, the data and analytics arm of UnitedHealth Group, operates one of the largest commercial claims databases and offers analytics platforms used by payers, providers, pharma, and government. It is a direct competitor in healthcare claims analytics and has access to linked EHR, claims, and pharmacy data.
• Merative (formerly IBM Watson Health): Merative markets healthcare data and analytics products including the MarketScan claims databases (now under Merative). It overlaps directly with PearlDiver's claims-based research offering while also bundling broader enterprise health IT, EHR-adjacent, and imaging analytics capabilities.
• Premier Inc: Premier operates a healthcare alliance and data analytics business that aggregates claims and operational data from a large provider network. It sells benchmarking, supply chain, and performance analytics to hospitals, overlapping with PearlDiver's provider-segment use cases.

Direct peers

• Definitive Healthcare: Definitive Healthcare provides a subscription analytics platform built on claims, commercial, and reference data covering U.S. healthcare providers and pharma accounts. It mirrors PearlDiver's subscription, all-payer claims-driven go-to-market but adds a public-company transparency layer and broader provider intelligence.

Emerging players

• Komodo Health: Komodo Health offers a healthcare map built from de-identified patient-level claims and encounters used for pharma commercial analytics, HEOR, and market access. It is a direct competitor in the claims-based research and commercial intelligence category and has been expanding aggressively into life sciences.
• Clarify Health Solutions: Clarify Health delivers a healthcare analytics platform that combines claims, clinical, and social risk data for value-based care and life sciences use cases. It overlaps with PearlDiver in payer-claims-based longitudinal analytics but emphasizes real-time data and provider performance benchmarking.
• Health Catalyst: Health Catalyst provides a healthcare data and analytics platform primarily sold to hospital systems for clinical, financial, and operational improvement. It competes with PearlDiver in provider-side healthcare analytics but is anchored in EHR data integration rather than retrospective claims research.
• TriNetX: TriNetX operates a global health research network aggregating EHR and claims data for clinical trial feasibility, real-world studies, and protocol design. It is a comparable subscription-based healthcare data analytics platform for research, though with a heavier emphasis on clinical trial enablement and global network effects.

Others

• Trinity Life Sciences: Trinity Life Sciences is a life sciences consulting and advisory firm that combines proprietary data, including claims-derived assets, with strategic advisory services for pharma. It is comparable to PearlDiver's Advisory Solutions offering as a buyer of similar datasets and as a partner in pharma commercial engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pearldiver-technologies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 PearlDiver Technologies