Fierce Healthcare January 10, 2022
Revenue cycle management company R1 RCM on Monday announced it plans to acquire Cloudmed in an all-stock transaction that values the software company at roughly $4.1 billion.
The deal was announced in a press release as the industry meets virtually for the J.P. Morgan Healthcare Conference.
Cloudmed serves more than 400 of the largest health systems in the U.S., including 47 of the top 50 hospital systems. The company uses artificial intelligence and automation to analyze large volumes of medical records, payment data and complex medical insurance models to identify opportunities to deliver additional revenue for healthcare providers. The company partners with more than 3,100 healthcare providers and says it has recovered more than $1.5 billion of underpaid or unidentified...
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