Among the notable deals are R1's acquisition of Cloudmed, nThrive's completed acquisition of TransUnion Healthcare, and AccessOne's CueSquared acquisition.
Acquisitions, partnerships, and expansions continue to be the name of the game in the healthcare world and revenue cycle tech companies that are looking to expand their depth and reach are no exception.
Here are some of the latest:
R1 RCM is acquiring Cloudmed, which serves more than 400 of the largest health systems in the United States, including 47 of the top 50 hospital systems, with its revenue intelligence platform that combines cloud-based data architecture with intelligent automation.
In 2021, Cloudmed said it recovered more than $1.5 billion of underpaid or unidentified revenue for customers, delivering an average client ROI of 3-5 times what they invested.
The combined companies will provide solutions for "both end-to-end revenue cycle management and technology-driven revenue intelligence …[that] unite decades of coding, charging, and reimbursement expertise to drive further client digitization through automation and AI," according to a statement from the companies.
nThrive completed its acquisition of TransUnion Healthcare, the healthcare data and analytics business of TransUnion. The unified business will offer healthcare organizations complete end-to-end RCM technology solutions, according to an announcement about the deal.
Together, they'll combine TransUnion’s social determinants of health data and insurance discovery with nThrive’s claims and contract management; front-end capabilities and workflow for acute and ambulatory providers; and other solutions.
RevSpring is partnering with T-Base Communications to deliver fully accessible consumer engagement, including billing information, across digital and print channels for visually and cognitively impaired patients and consumers, as well as people with auditory requirements.
The healthcare payment company says that adding accessibility tools to its consumer engagement and billing solutions will help people with disabilities better access and understand their healthcare expenses.
T-Base provides accessible communications in various formats including accessible PDF, e-Text, HTML, audio, braille, and reflowed large print. RevSpring will integrate T-Base's accessible PDF, braille, and reflowed large print capabilities into its suite of engagement tools.
CueSquared securely engages patients with an individualized, text-based payment solution that eliminates the need for paper statements, apps, or portal logins. As a result, 70% of payments are received within seven days, and providers realize a 50% per-payment reduction of collection expenses, the companies said.
Alexandra Wilson Pecci is an editor for HealthLeaders.