The most up-to-date, comprehensive, and accurate source of data. Your organization can access profiles of every active provider in the U.S.—over 3.5 million.
See how we’ve helped leading healthcare organizations achieve significant cost savings, improve data accuracy, and enhance patient care. Here, you will find our results, research, reports, and everything else our scientists are testing in the Veda Lab – no lab coat required.
At Veda we understand that every data point is an opportunity to improve the healthcare experience. And we can see the potential when data is no longer a barrier.
Healthcare de Jure host Matt Fisher is joined by Meghan Gaffney, CEO and Co-Founder of Veda. They discuss background on provider directories and difficulties of confirming accuracy of information; inconsistent application of accountability requirements; policy update on pending Congressional bills; discussion of how technology is promoting better data and presenting more readily.
From public policies and Federal initiatives to privacy and security, join host Matt R. Fisher as he and his guests discuss a smorgasbord of topics, giving hospitals, physicians, vendors and patients a seat at the table. Matt’s virtual conversations can be listened to on demand or heard on air. So don’t miss a minute of what’s on the menu.
Perspectives for Payers on Tackling Ghost Networks
MedCity News – Lawmakers have ghost networks in their sights, and payers can prepare now for policy changes.
It’s not uncommon for a patient, when searching their insurer’s provider directory, to find listings for physicians who are no longer practicing and no longer in-network, as well as inaccurate addresses, phone numbers, and websites. These phantom entries create “ghost networks” in health insurance.
For more than a year ghost networks have made headlines as an increasingly serious issue for payers, providers, and especially patients. Riddled with inaccurate data, these networks often lead to delayed care and surprise bills, significantly impacting member experiences and trust.
Frustrated patients have been contacting their elected officials to address the ubiquity of ghost networks. Legislators have been hearing from constituents that this problem is impacting patients’ lives and ability to get care–and they are doing something about it. Three bills–two in the Senate, and one in the House–have been proposed that specifically address inaccuracies in health insurance provider directories, with more stringent guidelines, tighter timeframes, published scores, and possible fines if providers fail to keep their directories compliant.
Payers have good reason to prepare for any regulation changes now as the traditional means of checking directory accuracy–call campaigns, attestations, or manual roster intake–are cumbersome and costly processes that have not proven effective.
What is proven? Automated solutions to meet the implementation windows and level of accuracy these new bills propose.
Policy reform initiatives
Three recent legislative efforts are aimed at addressing the root causes of ghost networks and enhancing healthcare access for patients.
U.S. Senators Michael Bennet (D-CO), Thom Tillis (R-NC), and Ron Wyden (D-OR) introduced the REAL Health Providers Act in October 2023. The bipartisan-supported bill is backed by the Senate Finance Committee and aims to ensure that Medicare Advantage plans keep accurate directories and protect their members–most of them seniors–from receiving surprise medical bills.
The House version of the REAL Health Providers Act – H.R. 7708 – was introduced in March 2024 by Representatives Greg Murphy (NC-03) and Jimmy Panetta (CA-19), among others. It mirrors the language in the Senate bill and aims to protect seniors from delayed care and unnecessary costs.
Meghan Gaffney Named a Women in Health IT to Know 2024
Women are working to shape and enhance the future of healthcare through health IT. These strong female leaders are modernizing administrative healthcare processes, cutting back on inefficiencies, standardizing workflows and more.
Meghan Gaffney. CEO and Co-founder of Veda (Madison, Wis.). As CEO and co-founder, Ms. Gaffney is instrumental in shaping Veda into a pioneering force in the data automation sector and a key player in the provider data management market. She oversees the strategic direction of the a Series B company, steering it through significant growth phases and forming partnerships with commercial plans and industry giants like Humana. Her leadership has also contributed to the company’s recent achievement of third-party validation for its AI technology. With over 15 years of experience in healthcare policy, Ms. Gaffney is adept at navigating complex regulatory environments and leveraging technology opportunities to address pressing issues such as “ghost networks” in healthcare provider directories. A 2023 EY Entrepreneurial Winning Women, Ms. Gaffney also contributes to the Entrepreneur Leadership Network and shares her insights on venture capital dynamics within the digital health startup ecosystem.
What Threat or Opportunity Should Health IT Leaders be Keeping Their Eye On?
Healthcare IT Today — With how fast the world of healthcare is evolving, it is impossible to stay up to date on every single thing that is happening, especially once you factor in the amount of work that is required in every health IT job. There is no way that health IT leaders can be aware of every single threat or opportunity they need to keep an eye on, or at least there’s no way to do that if they try to do it alone. Thankfully, we are here to make sure that none of you are left to handle all that work by yourself. In order to get a good range of insights and opinions on what threats and opportunities health IT leaders should be looking out for, we reached out to our incredibly talented Healthcare IT Today Community while at ViVE 2024. The following video is a compilation of their answers!
5 Vital Lessons for Entrepreneurial Leaders: Strategic Breaks for Success
ENTREPRENEUR – Veda Data’s CEO and CO-Founder Meghan Gaffney talks valuable lessons for entrepreneurial leaders. These lessons include engaging with diverse entrepreneurs, promoting continuous learning, overcoming gender bias, the importance of big thinking, and remembering that leadership requires ongoing strategic thinking. Discover how taking time away enables entrepreneurs to rejuvenate and gain valuable insights that help improve leadership.
5 Vital Lessons for Entrepreneurial Leaders
Like you, I have big goals for my company and know that getting lost in the minutiae won’t get me there. Taking time away for personal and professional development ensures you remember to look up.
As founders and leaders, if we just keep our heads down and focus solely on getting tasks done, we miss critical opportunities for big thinking. The kind of thinking that leads to growth and transformation. The kind of thinking that can impact the trajectory of a young company. And to be honest, the kind of thinking that is necessary of leaders and founders and those of us responsible for the vision of our companies. Here’s what I learned when I took the time to step away from the day-to-day.
1. Lessons from outside your industry are invaluable
As startups, we are often able to bring an important outside perspective to the industries we operate in. We’re disruptors who think differently and aren’t constrained by legacy norms that can slow down innovation.
But then we grow and there is a shift that happens. Instead of bringing the outside perspective, we sometimes find ourselves needing an outside perspective. That’s why it’s critical to spend time developing important relationships with peers outside of our sector.
Other innovators will look at a problem (and solution) with fresh eyes and help ground us in the innovator role we built our company on. We can learn from the experiences they’ve had, even if we serve different industries. Read the full article from Entrepreneur:5 Vital Lessons for Entrepreneurial Leaders
Healthcare Business Today: Congress, Bad Data, and Ghost Networks
The Senate Finance Committee has advanced legislation that aims to eradicate ghost networks, a goal that will benefit payers, providers, and patients alike.
As the legislation advances through the halls of Congress, all stakeholders must have a clear understanding of why the bill is necessary and what’s behind all those ghosts anyway.
Ghost networks are provider networks that appear robust and full of available providers but actually contain inaccurate data and, in reality, have limited availability and unreachable providers. These “ghosts” are no longer practicing, not accepting new patients, are not in-network, or have errors in their contact information.
In this episode of Leaders of B2B, Meghan Gaffney, CEO and co-founder of Veda, offers an in-depth perspective on the evolving realm of artificial intelligence in healthcare. With her extensive experience, Meghan underscores the transformative impact of implementing AI solutions in medical diagnostics and patient care pathways.
Tune in to learn why a diagnostic approach is essential for effective data management across industries, to identify and address critical issues systematically.
CEO Meghan Gaffney Selected for EY Entrepreneurial Winning Women™ North America Class of 2023
Veda’s Meghan Gaffney Selected for EY Entrepreneurial Winning Women™ North America Class of 2023
Ernst & Young LLP (EY) is proud to announce that Meghan Gaffney, CEO of Veda, a health technology provider specializing in accurate, curated provider data, is one of the 23 women founders from 20 companies selected for the EY Entrepreneurial Winning Women™ North America (Winning Women) Class of 2023.
Now in its 16th year, the program identifies talented entrepreneurs with scalable companies in the United States and Canada and connects them with the networks and resources they need to accelerate growth and scale their businesses.
Participants receive customized executive education, introductions, and access to the Winning Women community around the world, as well as the entirety of the EY global entrepreneurial ecosystem, including members of the Entrepreneur Of The Year® and EY Entrepreneurs Access Network (EAN) programs.
“Women founders contribute trillions to the US economy, and studies have shown that when women are empowered, the economy grows,” said EY Americas Industry and Solutions Leader Cheryl Grise, who also serves as the EY Entrepreneurial Winning Women North America Program Executive Sponsor. “At EY, we believe that a rising tide lifts all boats, so the success of women impacts the success of every business,” said Grise. “Over the last 16 years, the Winning Women program has intentionally addressed societal gender-based challenges that often confront women entrepreneurs by providing these phenomenally talented businesspeople with greater access, guidance and knowledge, which are the tools they need to continue to break the mold, inspire innovation and be shamelessly ambitious. I welcome these women to the fold and look forward to seeing them do even bigger and greater things.”
Cheryl Grise
Members of the Winning Women Class of 2023 have ambition, creativity and a desire to build a better world in common. They are tackling problems from inclusivity, to offering healthier products and food, to solving for complex health care issues. Others are bringing to the table innovative solutions in supply chain, data management, marketing and more. The founders selected for the program display unparalleled ingenuity, business prowess, ambition in crafting solutions and a formidable can-do attitude that allowed them to break from the pack of their peers to stand out.
“2023 has been filled with many economic ups and downs – from geopolitical unrest, to interrupted supply chains, to inflation – there has been plenty to make consumers tighten their belts” said Maranda Bruckner, EY Entrepreneurial Winning Women North America Program Leader. “I applaud these business leaders for not only surviving these challenges, but exceeding growth and profit expectations when others did not. They are outstanding examples of being unstoppable and shifting entire industries. We are excited to have them in the program, and deeply congratulate them on this recognition.”
The EY Entrepreneurial Winning Women North America program serves women business owners who are founding CEOs of any US or Canadian privately held company. Company revenues typically range from at least $2m to $30m annually. The EY Entrepreneurial Winning Women program participants become part of a global peer community, which includes more than 900 entrepreneurs in 55 countries and on every continent.
“Every year, I am so pleased to welcome the newest class of the EY Entrepreneurial Winning Women North America program, who are not only incredible leaders in their organizations but also in their communities,” said Lee Henderson, Americas EY Private Leader. “It is an honor to provide these best-in-class founders with resources and access to EY’s vast entrepreneurial ecosystem to help them scale, attract talent and disrupt industries. I am always excited to see where these entrepreneurs go next. I already know it’s only up from here.”
The Class of 2023 will be officially recognized in November 2023 at the Strategic Growth Forum®, one of the nation’s most prestigious events for ambitious, high-growth, market-leading business leaders.
About Veda Veda blends science and imagination to solve healthcare’s most complex data issues. Through human-in-the-loop Smart Automation, our solutions dramatically increase productivity, enable compliance, and empower healthcare businesses to focus on delivering care. Veda is simple to use and requires no technical skills or drastic system changes because we envision a future for healthcare where data isn’t a barrier—it’s an opportunity. To learn more about Veda, visit vedadata.com and follow us on LinkedIn.
About EY EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US.
About EY Entrepreneurial Winning Women™ The EY organization is committed to seeing women lead. EY Entrepreneurial Winning Women™ is a global program for successful entrepreneurs whose successful businesses show more potential to scale. Through access to global EY networks throughout the entrepreneurial ecosystem, pioneering founders on every continent secure the resources, advice and connections they need to scale their businesses sustainably. This one-of-a-kind community of founders is rewriting rules and remaking markets. Visit ey.com/us/winningwomen.
About EY Private As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises, including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/us/private.
Veda’s provider data solutions help healthcare organizations reduce manual work, meet compliance requirements, and improve member experience through accurate provider directories. Select your path to accurate data.
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Standardize and verify unstructured data with unprecedented speed and accuracy.
