Acquisition brings hospitals and healthcare systems a smarter, more predictive way to realize all potential revenue from the care they provide
ATLANTA, GA – July 8, 2021- Cloudmed, the leader in Revenue Intelligence™ solutions for healthcare providers, announced today it has acquired Managed Care Revenue Consulting Group, a growing provider of revenue cycle solutions for hospital networks.
“Healthcare providers need the right technology and domain expertise now more than ever,” said Lee Rivas, Chief Executive Officer, Cloudmed. “Bringing together MCRC Group’s focus on client service with Cloudmed’s market-leading Revenue Intelligence platform will help drive greater results and revenue for our customers.”
“Cloudmed brings advanced technological capabilities to capture more revenue for the care that hospitals and health systems provide,” said Patrick Nolan, Managing Partner of MCRC Group. “We’re thrilled to add these enhanced capabilities and provide our customers with a more comprehensive approach with unmatched accuracy, productivity and revenue opportunities.”
Both companies have been recognized by customers for their commitment to excellent service and delivery, with Cloudmed earning 2021 Best In KLAS for achieving the highest customer satisfaction scores in the Revenue Integrity/Underpayment Services Provider category.
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
About MCRC Group
With over 60 combined years of managed care and payer experience, MCRC provides payment validation and managed care services to hospitals and healthcare providers. Based in New York City, the company is a leader in all aspects of revenue recovery, patient financial services, and managed care. www.mcrcgroup.com