Virsys12, LLC

Virsys12, LLC focuses on healthcare provider data management and workflow automation, delivering solutions to enhance operational efficiency for healthcare organizations. Founded in 2011, Virsys12, LLC is based in Brentwood, US, and specializes in developing technology solutions for healthcare provider management. The company is led by Tammy Hawes, who has a history of founding and managing technology enterprises. In May 2018, Virsys12 secured funding from Salesforce Ventures, marking the most recent investment round and total deal count of 1.

Virsys12 specializes in provider data management and workflow automation solutions tailored for healthcare organizations. Their core products include the V12 Network, an automated Provider Network Management solution that enhances the efficiency of managing provider data. The V12 Provider Data Engine (PDE) utilizes artificial intelligence to continuously monitor and update provider data, while the V12 Roster offers configurable mapping of provider rosters. The V12 Data Exchange facilitates seamless integrations with leading provider data sources, such as CAQH, ensuring that healthcare organizations maintain accurate and up-to-date provider information.

These products streamline processes involved in provider onboarding, credentialing, and contract management across various geographical markets, including the United States and select regions in Canada. The clientele consists of health plans, payers, and healthcare systems managing a significant number of providers, aiming to reduce inefficiencies and enhance compliance in their operations. Virsys12 generates revenue through a subscription-based model for its suite of applications, which includes the V12 Network and V12 PDE. Clients typically engage in annual contracts that outline the terms of service, including access to software updates and customer support.

The pricing structure varies based on the scale of the organization and the specific services utilized, such as contracting management and network operations, enabling healthcare organizations to enhance their operational efficiency. Virsys12 aims to expand its offerings with the development of new products designed to enhance provider data management, aiming for an initial launch in late 2023. The company plans to enter new markets, particularly in healthcare systems across Canada by mid-2024. The recent funding from Salesforce Ventures in May 2018 will be instrumental in supporting these growth initiatives.