Veracity Benefits

What Veracity Benefits does

Veracity Benefits, LLC, doing business as OneVeracity, is a private U.S. healthcare benefits administrator headquartered in Kennesaw, Georgia, founded in 2019. The company delivers an integrated healthcare cost-management platform for self-funded employer health plans, combining health plan administration and risk solutions, pharmacy benefit management under the VeracityRx brand, care navigation through Care Solutions, and onsite health center coordination. The core technology premise is unification — collapsing the historically fragmented stack of third-party administrator (TPA), pharmacy benefit manager (PBM), and care management vendors into a single coordinated platform with shared reporting and dedicated account management.

The company serves primarily self-funded employers and the insurance brokers who advise them, supported by a customer base of 360+ employer groups spanning manufacturing, government, healthcare, retail, entertainment, and food distribution. Its go-to-market is broker-led: OneVeracity positions itself as a cost-control partner that helps brokers defend renewals through measurable savings outcomes (a 20-30% typical savings range is cited) and defensible reporting. Pricing is custom and quote-based rather than publicly listed, with billing on an annual cadence, consistent with PEPM-style administration fees, PBM spread economics, and managed-services revenue across the care and onsite modules.

Monetization flows from three primary revenue streams: healthcare plan administration services (recurring subscription/PEPM economics), pharmacy benefit management through VeracityRx (spread pricing and specialty cost stabilization), and care solutions and navigation (managed services). The company reports a 94% client retention rate, has no disclosed outside funding rounds, and expanded capabilities through the March 2023 acquisition of Mycatalyst, Inc., which added healthcare data analytics and reporting. Geographic focus is domestic (United States), with customer and operational concentration centered in the Southeast.

Name

Veracity Benefits

Legal name

Veracity Benefits, LLC

Website

https://veracity-benefits.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Veracity Benefits (OneVeracity) is a U.S. healthcare benefits administrator that delivers an integrated platform of health plan administration, VeracityRx pharmacy benefit management, care navigation, and onsite health centers to self-funded employers through insurance broker partnerships.

Ownership category

akta.pro rank

Product category

Self-Funded Health Plan Administration

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (525120)

SIC

Hospital & Medical Service Plans (6324), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Self-Funded (ERISA) Employer Plans (HLAEAAAC)

akta.pro secondary industries

Formulary Management & Clinical Pharmacy Programs (HLAEAKAA), Group Pharmacy Benefit (Rx) Coverage & PBM-Integrated Plans (FSAIAFAN)

Keywords

• Self-funded health plans
• Pharmacy benefit management
• Health plan administration
• Care navigation services
• Employee benefits solutions

Headquarters

HQ city

Kennesaw

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Healthcare Plan Administration Services: Provides integrated health plan solutions including administration, risk management, and reporting services for self-funded employer plans. Revenue likely derived from administrative fees and/or per-employee-per-month (PEPM) pricing structures common in the health plan third-party administrator (TPA) industry.
2. Pharmacy Benefit Management (VeracityRx): Specialty cost stabilization and pharmacy strategy services that directly reduce prescription drug spend. Revenue model likely includes pharmacy benefit management fees and spread pricing on specialty medications.
3. Care Solutions and Navigation: Personalized care navigation and coordination programs that guide members through the healthcare system to reduce total cost of care.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Veracity Benefits, operating as OneVeracity, provides integrated healthcare cost management services for self-funded employer health plans. The offering combines health plan administration, pharmacy benefit management (VeracityRx), care navigation, and onsite health center coordination under one accountable team, delivered primarily through insurance broker partners to employers seeking to reduce healthcare spend and simplify benefits administration.

Product overview

OneVeracity is a unified healthcare cost management platform for self-funded plans, featuring an integrated architecture with four core product modules: Health Plan Solutions (streamlined administration and risk management), VeracityRx (pharmacy cost strategies and specialty cost stabilization), Care Solutions (personalized health programs and care navigation), and Onsite Health Centers (convenient care delivery). These modules share a common foundation of dedicated account management, responsive member support, and actionable reporting, delivered through a broker-led partnership model with 94% client retention.

Differentiator

Problem solved

Functional benefit

Brands

• Health Plan Solutions: Streamlined administration and risk solutions with clearer accountability, measurable savings, and defensible reporting
• VeracityRx
• Care Solutions
• Onsite Health Centers

Products and services

• OneVeracity (Integrated Healthcare Cost Management Platform) Unified healthcare cost management platform for self-funded employer plans that delivers integrated support, defensible reporting, and measurable savings through four coordinated solution areas: Health Plan Solutions, VeracityRx, Care Solutions, and Onsite Health Centers. Sold primarily through insurance broker partners to mid-market and enterprise employers in the United States.
• Health Plan Solutions Third-party administrator (TPA) service providing streamlined administration and risk solutions with clearer accountability, measurable savings, and defensible reporting for self-funded employer health plans. For employers seeking consolidated plan administration and transparent reporting in place of fragmented vendor arrangements.
• VeracityRx Pharmacy benefit management service providing specialty cost stabilization with measurable savings, clearer visibility into pharmacy spend, and stronger renewal control. Designed for self-funded employers seeking to control rising specialty drug costs.
• Care Solutions Care navigation and personalized health programs service that improves health outcomes and reduces total cost of care through earlier guidance and coordinated care for members of self-funded employer plans.
• Onsite Health Centers Onsite and near-site employer-sponsored health center service that delivers convenient, high-quality care, drives member engagement, and reduces avoidable healthcare spend by improving care earlier in the patient journey.

Quantifiable outcome

• 20-30% typical savings range when plan strategy and execution are aligned
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Mycatalyst, Inc. (myCatalyst, Inc.)coreStrategic or Co-development Partner · 1 March 2023Acquired on March 1, 2023, Mycatalyst Inc. brings data analytics and reporting capabilities to enhance Veracity Benefits' healthcare analytics offerings. The acquisition aims to support current clients through integrated data-driven services and improve healthcare transformation and client outcomes. Plans include full integration and ongoing support for Mycatalyst's existing client base.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• VālueCare Benefits: VālueCare Benefits provides integrated self-funded plan administration, PBM, and care management services for small and mid-sized employers, often through broker channels. Its bundled TPA + PBM offering and target customer profile mirror OneVeracity's positioning.
• HealthComp Holdings: HealthComp is a national TPA serving self-funded employers with integrated benefits administration, PBM, and care management. It competes head-to-head for mid-market and enterprise self-funded accounts that Veracity Benefits targets through its broker channel.
• BPAS (Benefit Plan Administrative Services): BPAS is a third-party administrator offering health and welfare plan administration, including self-funded plans, with strong broker relationships. Its administration-plus-support model and self-funded employer focus closely parallel Veracity Benefits' core service line.
• Navia Benefits: Navia Benefits is an integrated third-party administrator focused on self-funded employer health plans with a similar emphasis on broker-led distribution, transparent reporting, and cost control. It directly overlaps with Veracity Benefits across Health Plan Solutions, PBM, and care navigation modules.
• RxBenefits: RxBenefits is a PBM that partners with benefits brokers to deliver pharmacy benefit solutions to self-funded employers, with emphasis on specialty drug cost control. It is a direct analog to VeracityRx and competes for the same broker-led pharmacy spend wallet.
• Capital Administrative Solutions: Capital Administrative Solutions is a TPA focused on self-funded employer health plans with an integrated approach to administration and cost control. It targets a similar broker-led, mid-market employer segment as Veracity Benefits.

Emerging players

• Pareto Intelligence: Pareto Intelligence provides healthcare analytics and risk-adjustment services to health plans, TPAs, and employers. It overlaps with the analytics/reporting capability Veracity Benefits gained via the Mycatalyst acquisition, and competes for the same 'defensible reporting' budget line.

Broad incumbents

• Alliant Insurance Services: Alliant is a large national insurance brokerage that offers employee benefits consulting and increasingly bundled administration and PBM solutions. It is both a potential broker channel for Veracity Benefits and a competitor that could consolidate vendors onto its own preferred platform.
• Arthur J. Gallagher & Co. Gallagher is a global insurance brokerage and risk management firm with a sizable employee benefits practice and proprietary TPA/PBM-adjacent offerings. It competes for the same broker-led self-funded employer relationships at much larger scale.
• Marsh McLennan (Mercer / Oliver Wyman Health): Marsh McLennan, through Mercer, is a major benefits consultancy and benefits administration provider serving large self-funded employers. It represents the upper end of the broker-TPA continuum that Veracity Benefits competes against as employers scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@officialoneveracity
• LinkedInlinkedin.com/company/veracity-benefits-llc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Veracity Benefits