Silversheet

Silversheet operates as a business-to-business software-as-a-service (SaaS) platform focused on the healthcare administration sector. The company was founded in 2014 by Miles Beckett, M.D., David Rakoff, M.D., and Pat Cheung, and was formerly known as Worksteady. The founding team's expertise blended medical practice with technology and product design. Dr. Beckett, a physician who had previously co-founded the digital media company EQAL, sought to apply technology to solve administrative challenges for physicians, rather than focusing on patient interaction. His goal was to improve the workflows for administrative staff within healthcare organizations. Dr. Rakoff is a practicing anesthesiologist, providing direct insight into the daily challenges of medical professionals.

The company's core offering is a cloud-based platform designed to digitize and streamline the medical credentialing process for healthcare facilities, including hospitals, surgery centers, and medical groups. This process, which involves verifying a medical provider's qualifications to ensure they meet regulatory and facility standards, has traditionally been a manual, paper-heavy task. Silversheet's software enables healthcare administrators to manage physician credentials digitally, send automated reminders for expiring documents, conduct primary source verifications, and perform sanction checks, thereby reducing administrative time and ensuring compliance. For medical professionals, the platform allows them to create a digital profile of their credentials, which can be shared with multiple facilities, saving them from redundant paperwork.

Silversheet's business model is subscription-based, with pricing tiers corresponding to the number of providers a facility manages. Its clients include prominent healthcare organizations such as Cedars-Sinai and MemorialCare. The company's journey includes several funding rounds, starting with a seed round in 2015, and culminating in a Series A round in 2017 that brought its total funding to over $10 million. A significant milestone occurred on January 30, 2019, when Silversheet was acquired by AMN Healthcare, a major provider of healthcare staffing and workforce solutions. The acquisition was valued at $55.2 million, consisting of cash and potential contingent payments. The acquisition provided Silversheet with the resources to expand its capabilities and further its mission to reduce physician burnout by letting providers focus on patients, not paperwork.

Keywords: healthcare administration, medical credentialing software, physician credentialing, provider data management, healthcare compliance, SaaS, workforce management solutions, digital health, provider onboarding, primary source verification, healthcare workforce, hospital administration, ambulatory surgery centers, clinician credentialing, AMN Healthcare, Miles Beckett, provider experience, credentialing automation, healthcare technology, compliance management