Only Veda offers proprietary technology with five approved patents and counting
Veda’s provider data technology isn’t only powerful, it’s patent-protected intellectual property. Innovated precisely for healthcare organizations and unique provider data challenges, our five unique patents are essential to the delivery of fast and accurate data to Veda’s customers.
Patented Technology Outshines Competition
When you work with Veda, you have the fastest, most optimally accurate source of provider data on the market. And because it’s patented, no competitors have a solution that can compare. (Before you select a healthcare data vendor, ask yourself, why don’t they have a science department backed by patented IP?)
Provider directory inaccuracies are vast and burdensome. A large reason why provider data is so complex? The underlying information is constantly changing. For example, a provider may change the location where they practice; they may add a new phone number, or change their specialty. Veda’s technology specifically accounts for these changes. Many data vendors boast solutions that are appropriate for static information like names or birth dates of providers. Their solutions don’t address changing information that delivers the most up-to-date and accurate data that members need to book an appointment.
Provider directory inaccuracies are vast and burdensome. A large reason why provider data is so complex? The underlying information is constantly changing.
Veda’s Patents: Speed and Accuracy
We’ve categorized Veda’s patented approach into two areas that add up to provider data success: Speed and Accuracy.
Why is Veda’s Patented Technology the Fastest Way to Deliver Provider Data?
Veda’s speed patents are about all the right tasks, done in the right order, completed quickly. To make data usable, it must be cleaned and processed and Veda is doing that around the clock. We accomplish these tasks efficiently with our speed patents. From multitasking multiple events in the correct order and processing quickly, speed is necessary for backlogs of provider rosters and keeping data fresh. By managing efficiency and optimizing data, Veda guarantees processing times of 24 hours or less ensuring members have the data they need, fast.
By managing efficiency and optimizing data, Veda guarantees processing times of 24 hours or less ensuring members have the data they need, fast.
What Makes Veda’s Patented Technology the Most Accurate?
Veda’s accuracy is second to none. In fact, we don’t measure our accuracy with industry standards like attestation—we measure accuracy the same way health plan members do: can they make an appointment with a provider on the first try with the information available to them? This question can only be answered if the underlying provider data is accurate. Not only can Veda’s system assess current accuracy, but it can also predict accurate data while sorting through messy data. We also keep our training data up-to-date ensuring that our algorithms remain current and produce the best results. A data processing system is only as good as the data it’s trained on; if the training data becomes stale, inaccurate outputs will likely be the result. You will never need to worry about that with Veda’s patented solutions.
More Proprietary Innovations to Come
Veda’s patented approach gives every health plan what it needs: provider data quality. Armed with provider data quality, organizations can dramatically reduce operating costs and improve member satisfaction. Eliminating manual processes and delivering correct information, Veda is bringing the highest possible speed and accuracy to the provider data. And our groundbreaking work hasn’t stopped—Veda has 11 patents pending with the USPTO and nearly a dozen patents under review internationally. More innovation and proprietary solutions are coming your way soon.
If you’re already working with a data vendor, make sure you’re getting the most for your investment by answering these six questions.
Ready for patent-powered technology? Contact Veda.
