About Cloudmed
Cloudmed is a Healthcare company based in Atlanta (United States) founded in 2007, and was acquired by R1 RCM in January 2022. Revenue cycle management solutions are provided for healthcare organizations. The company has 1,954 employees. Cloudmed has completed 6 acquisitions, including Acustream, Cloudmed and Databound Healthcare Solutions. Its chief executive, as recorded, is Lee Rivas. Cloudmed offers products and services including Acceleration Suite, Optimization Suite, Government Navigation Suite, and Automation Suite. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its legal entity is CLOUDMED SOLUTIONS, LLC. Its competitors include R1 RCM, Xifin and AKASA; 2 of its 3 listed competitors have raised funding.
Company details
Cloudmed was founded in 2007 and is headquartered in Atlanta, United States. Revenue cycle management solutions are delivered to healthcare organizations via a data-driven platform focused on financial operations. Services encompass denials recovery, accounts receivable recovery, claims management, underpayment recovery, payer accountability, Medicare reimbursement, and error optimization in medical coding and billing. The company operates within the healthcare sector to support financial efficiency.
- Headquarters Atlanta, United States
- Employees 1,954
- Stage Acquired
- SectorsHealthcare
- Website cloudmed.com
- Social LinkedIn
- Acquired by R1 RCM (Jan 2022)
- Legal Name Cloudmed Solutions, Llc
Products & Services of Cloudmed
Cloudmed offers a comprehensive portfolio of products and services, including Acceleration Suite, Optimization Suite, Government Navigation Suite, and Automation Suite.
Fast-tracks cash for complex claims and denials.
Captures underpaid revenue across the revenue cycle.
Optimizes government program reimbursements and compliance.
Simplifies labor-intensive revenue cycle tasks.
Investors in Cloudmed
Cloudmed has secured backing from 1 investor. Prominent investors backing the company include R1 RCM.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
End-to-end revenue cycle management is provided for healthcare organizations. | 2003 | r1rcm.com | Chicago, United States |
Investor details for Cloudmed
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People of Cloudmed
58 people are tracked at Cloudmed (36 in leadership, 22 in team); the tracked headcount is 1,954.
| Name | Role | Group |
|---|---|---|
Lee Rivas | CEO | Leadership |
Avery W. | Director | Leadership |
Travis Allen | Vice President Of Patient Experience Sales | Leadership |
Andrew Griffin | VP Sales, Pharmacy Solutions | Leadership |
Brianna Spraker | Director, Commercial Operations | Leadership |
Lee Dixon | Vice President | Leadership |
Veary Skipwith | Vp, Audit Operations | Leadership |
Christy Heilman-Tess | Director, Accounts Receivable | Leadership |
Kelli Greene | Director, Client Delivery - Assurance Suite | Leadership |
Sandy Currie | Client Delivery Director, Cloudmed | Leadership |
Chris W. | Senior Vice President, Operations - Modular Suite | Leadership |
Loren Hopper | Vice President Of Client Delivery | Leadership |
Mario Feher | Vice President Of Business Development | Leadership |
Juliet Valkosky | Vp, Rules & Contracts | Leadership |
Ruth Levin | Vice President Of Business Development | Leadership |
Melissa Palchak Opraseuth | Senior Vice President Operations | Leadership |
Linda Perry | Director Of Client Services | Leadership |
Lori Beausoleil-Eichenberger | Vp, Revenue Cycle | Leadership |
Margaret Mariani | Vp, DRG Validation | Leadership |
Kate Knitter | Senior Vice President Operations | Leadership |
38 more people are available in the full profile.
Complete people profiles for Cloudmed
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Investments & Acquisitions by Cloudmed
Cloudmed has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Acustream, Cloudmed and Databound Healthcare Solutions.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Patient referrals are managed via cloud-based analytics and mobile alerts. | par8o.com | Newton, United States | 2011 | Dec 2021 | •••• | |
Provider of health insurance services | eligibill.com | Mequon, United States | 2010 | Oct 2021 | •••• | |
Healthcare revenue cycle solutions are provided for medical providers. | mcrcgroup.com | 2010 | Jul 2021 | •••• | ||
Revenue cycle automation solutions are offered for hospitals. | databoundhealthcare.com | Ithaca, United States | 1999 | Apr 2021 | •••• | |
Web-based charge capture and validation are provided to healthcare providers. | acustream.com | Lafayette, United States | 2007 | Jun 2018 | •••• | |
Software is utilized to maximize governmental reimbursements through data analytics. | naveosdata.com | Sterling, United States | 2005 | Feb 2018 | •••• |
Complete acquisition details for Cloudmed
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Timeline of Cloudmed
8 dated milestones of Cloudmed across 15 years, from founding to its latest funding, stage changes and deals.
Competitors of Cloudmed
Cloudmed has 3 listed competitors in our database, 2 of them funded. They include R1 RCM, Xifin and AKASA.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| r1rcm.com | 2003 | Chicago, United States | 16,445 | End-to-end revenue cycle management is provided for healthcare organizations. | ||
| xifin.com | 1997 | San Diego, United States | $6M | 861 | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | |
| akasa.com | 2018 | San Francisco, United States | $80M | 46 | Revenue cycle automation platforms are provided for healthcare reimbursement. |
Detailed competitors of Cloudmed
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Web traffic of Cloudmed
The website of Cloudmed (cloudmed.com) receives about 5.2K visits a month.
- Monthly visits5.2K
▼ 16.7% vs previous month
Websites whose visitors overlap most with Cloudmed. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| r1rcm.com | 100% | 257.8K | #174,028 | View details |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Cloudmed (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Cloudmed
Complete news archive for Cloudmed
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Frequently Asked Questions about Cloudmed
Cloudmed was founded in 2007.
Cloudmed is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Lee Rivas is the CEO of Cloudmed, as recorded in our data.
Cloudmed has 1,954 employees.
Cloudmed was founded in 2007 and is headquartered in Atlanta, United States. Revenue cycle management solutions are delivered to healthcare organizations via a data-driven platform focused on financial operations. Services encompass denials recovery, accounts receivable recovery, claims management, underpayment recovery, payer accountability, Medicare reimbursement, and error optimization in medical coding and billing. The company operates within the healthcare sector to support financial efficiency.
Cloudmed offers Acceleration Suite, Optimization Suite, Government Navigation Suite, and Automation Suite.
Cloudmed has made 6 acquisitions, including Acustream, Cloudmed, and Databound Healthcare Solutions.
Cloudmed has 1 investor. Key investors include R1 RCM.
Cloudmed operates through Cloudmed Solutions, Llc.
Yes. Cloudmed was acquired by R1 RCM in January 2022.