Vericred Adds Redox CTO James Lloyd to Board of Directors

Vericred, the data services platform powering digital quote-to-card experiences in health insurance and benefits, today announced the appointment of Redox co-founder and CTO, James Lloyd, to its Board of Directors. As a board member, Lloyd will support Vericred in its mission to connect the insurance ecosystem and transform the speed, reliability and efficiency of delivering health insurance and employee benefits to consumers everywhere.

“We are pleased to welcome James, a digital health leader and innovative strategist who has first-hand experience scaling multi-sided platforms,” said Michael W. Levin, Vericred’s co-founder and CEO. “His experience with platform dynamics and network effects will prove invaluable to Vericred as we enter an exciting period of high-growth and product development, fueled by our recently completed Series B funding.”

Lloyd is the CTO and co-founder of Redox, a cloud platform lowering the friction of creating and adopting healthcare technology through modern, API-based data exchange. He brings with him 13 years of experience in healthcare technology and entrepreneurial leadership. At Redox, James oversees the product, engineering, and security teams, and leads strategy and cultural initiatives. Prior to starting Redox in 2014, James was an engineer at Epic.

“There is an unmistakable need for frictionless connectivity in most sectors. Millions of Americans stand to benefit from these advances particularly within healthcare and insurance. With Vericred connecting carriers to InsurTech, and Redox connecting digital health applications to health systems, the barriers to entry afflicting tech innovation simply diminish. As a result, people access the best technologies more quickly,” said Lloyd. “I look forward to leveraging my experience with both APIs and multi-sided platform businesses to advise Vericred’s already talented team.”

Vericred offers a full suite of APIs across medical, life, dental, vision and other lines of coverage that power quoting, enrollment, member management, and renewals on multi-carrier InsurTech and BenTech platforms. Vericred’s solutions simplify the complex process of exchanging data with multiple partners. In April 2021, the company announced $23M in Series B funding to expand its marketing, sales and engineering teams and exponentially grow the community of participants on its market-leading platform.

About Vericred

Vericred is the way health insurance carriers and employee benefits providers connect with new technology partners to deliver seamless quote-to-card consumer experiences. We are not the websites or apps you use to choose a plan or find a doctor. We are the infrastructure. We are the ‘pipes’ that simplify the complex exchange of quoting, enrollment and eligibility data between carriers and the technology partners responsible for delivering health and employee benefits to hundreds of millions of Americans everyday. Our APIs transmit billions of data points between InsurTech and insurance carriers, powering digital distribution across the insurance industry. Come join the community of insurance geeks creating a seamless digital quote-to-card experience. Visit www.vericred.com.

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