Cloudmed, an Atlanta, GA-based provider of revenue intelligence solutions for healthcare providers, acquired Databound, an Ithaca, NY-based healthcare technology company specializing in Robotic Process Automation.
The amount of the deal was not disclosed.
Together, Cloudmed and Databound will deliver accuracy, productivity, and revenue opportunities through automation technology and human expertise.
Led by Paul Martin, President and CEO, Databound provides specialized automation software and services designed for the healthcare revenue cycle, which help organizations increase productivity, save time, and capture missed revenue.
Led by Lee Rivas, Chief Executive Officer, Cloudmed is a healthcare technology company focused on Revenue Intelligence™ and data-driven insights. Its platform utilizes intelligent automation and human expertise to allow providers enhance productivity and increase revenue. The company 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.