ATLANTA--(BUSINESS WIRE)--Cloudmed, the leader in Revenue Intelligence™ solutions for healthcare providers, announced today it has acquired Eligibill, a leading provider of insurance discovery services for hospitals and healthcare systems. The acquisition is the latest in a series of investments by Cloudmed to deliver scalable technology solutions that help healthcare providers recover more revenue and reimbursement across the entire revenue cycle.
“As the complexity of government and commercial insurance reimbursement continues to increase, revenue cycle expertise powered by technology is becoming even more critical in healthcare,” said Steve Albert, Chief Product Officer of Cloudmed. “Integrating Eligibill’s technology and insurance discovery capabilities into the CloudmedAI platform will help our customers more easily automate, accelerate and optimize their most critical revenue management functions.”
“Healthcare providers need comprehensive technology and revenue cycle expertise now more than ever,” said Robert Thickens, Chief Executive Officer of Eligibill. “Eligibill’s ability to quickly integrate with commercial and government payers, combined with end-to-end data integration, automation and analytics powered by CloudmedAI, ensures that health systems capture full reimbursement faster and more efficiently for the care they provide.”
Cloudmed is a healthcare technology company focused on Revenue Intelligence and data-driven insights. Our market-leading platform utilizes intelligent automation and human expertise to help providers enhance productivity and increase revenue. Cloudmed partners with over 3,100 healthcare providers in the United States and recovers over $1.5 billion of underpaid or unidentified revenue for its clients annually. Cloudmed was awarded 2021 Best In KLAS: Revenue Integrity/Underpayment Services and Robotic Process Automation (Databound). Its solution suites have HFMA Peer Review status and are HITRUST certified. www.cloudmed.com
Eligibill provides insurance discovery and clearinghouse services and technology to hospitals, healthcare providers, and third parties. Based in Wisconsin, the company offers solutions in insurance discovery, revenue cycle recovery, and clearinghouse services. www.eligibill.com