HealthTech startup CredSimple acquires 20-year old Glenridge Health to provide end-to-end provider network management solution
Verifying credentials is an essential safety component of the health care system. Health care organizations must establish the qualifications of their licensed medical professionals by assessing their background and legitimacy to provide care. CredSimple is a New York-based startup and an NCQA certified credentialing and data management solution provider. The startup helps healthcare organizations become more responsive to providers, members and patients.
Today, CredSimple announced it has acquired Glenridge Health, a 20-year old company that has historically been focused on building and managing provider networks. The acquisition is a culmination of partnership between the two companies. CredSimple and Glenridge Health already partner to deliver end-to-end network management for clients. This acquisition strategically expands CredSimple’s capabilities to include comprehensive provider network development and management services. It also marks a critical investment towards offering CredSimple customers a more vertically integrated and streamlined solution that will allow them to efficiently analyze, build, and manage
their networks, while mitigating the burden of provider credentialing through automation.
Founded in 2013 by Mike Simmons and Sam Meyer, CredSimple serves a wide range of customers from start-ups to large integrated health plans, independent physician associations, telehealth companies, and other healthcare organizations that manage provider networks. The combined company leverages deep domain expertise needed to build, run, and optimize provider networks, including Glenridge’s experience in the Medicaid Managed Care and Medicare Advantage space for further market penetration. CredSimple will now serve over 70 clients with that number expected to expand rapidly over the next year.
As part of the acquisition, CredSimple will combine its National Committee for Quality Assurance (NCQA) certified Credentialing Verification Cloud (CVC) platform, which eliminates credentialing backlogs and significantly improves credentialing turnaround times, with Glenridge Health’s proprietary network management technology to
successfully build and manage provider networks that are compliant, efficient, and aligned to the health plans strategic goals.
Mike Simmons, Founder and Chief Executive Officer at CredSimple, said, “CredSimple has achieved substantial growth over the last three years as we seek to revolutionize the credentialing process for the industry through our game-changing CVC platform.
However, in working with our customers and analyzing the industry at large, we believe more is needed to truly serve our client’s growing need for an enterprise level solution. We’re excited to be joining forces with the Glenridge Health team who have also seen strong growth over the past few years. It is an exciting next step in our long-term vision to build an industry leader that payers and providers can rely on to build, run and optimize their provider networks all through an integrated technology-enabled offering.”