Atlanta-based Cloudmed, known for its Revenue Intelligence solutions for healthcare providers, has acquired Ithaca, N.Y.-based Databound, a healthcare technology company specializing in robotic process automation. Together, Cloudmed and Databound aim to deliver enhanced accuracy, productivity, and revenue opportunities through sophisticated automation technology and human expertise.
“It has never been more important for healthcare communities to get paid for the care they provide,” says Lee Rivas, chief executive officer, Cloudmed. “Databound’s achievements in intelligent automation enrich Cloudmed’s market-leading Revenue Intelligence platform to help providers enhance productivity and increase revenue.
Both companies were recognized by their clients for their commitment to excellence in 2021, with the Best in KLAS ranking for outstanding efforts to help healthcare organizations deliver better patient care. Cloudmed is ranked #1 in the Revenue Integrity/Underpayment Services Provider segment. Databound earned the top honors in the new Robotic Process Animation (RPA) segment.
“Both Cloudmed and Databound share a passion for excellence, innovation, and most importantly, service,” says Paul Martin, president and CEO of Databound. “Databound’s proven revenue cycle focused RPA technology that lives up to its promises is a perfect fit with the Cloudmed Revenue Intelligence platform. Together, we’ll help our customers unleash the value of RPA and realize the revenue they deserve.”