About Cloudmed
Cloudmed is a company based in Atlanta (United States) founded in 2007 was acquired by R1 RCM in January 2022.. The company has 1,954 employees as of December 31, 2022. Cloudmed has completed 6 acquisitions, including Acustream, Cloudmed and Databound Healthcare Solutions. Cloudmed offers products and services including Acceleration Suite, Optimization Suite, Government Navigation Suite, and Automation Suite. Cloudmed operates in a competitive market with competitors including R1 RCM, Xifin, AKASA, Infinx and ABI Health, among others.
- Headquarter Atlanta, United States
- Employees 1954 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Cloudmed Solutions, Llc
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Products & Services of Cloudmed
Cloudmed offers a comprehensive portfolio of products and services, including Acceleration Suite, Optimization Suite, Government Navigation Suite, and Automation Suite. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Cloudmed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cloudmed
Cloudmed has secured backing from 1 investor. Prominent investors backing the company include R1 RCM. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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End-to-end revenue cycle management is provided for healthcare organizations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Patient referrals are managed via cloud-based analytics and mobile alerts.
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2011 | ||||
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Healthcare revenue cycle solutions are provided for medical providers.
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2010 | ||||
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Provider of health insurance services
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cloudmed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cloudmed Comparisons
Competitors of Cloudmed
Cloudmed operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as R1 RCM, Xifin, AKASA, Infinx and ABI Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
AI-driven solutions for healthcare operations are provided.
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| domain | founded_year | HQ Location |
Billing solutions for dentists are provided by Zentist.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cloudmed
Frequently Asked Questions about Cloudmed
When was Cloudmed founded?
Cloudmed was founded in 2007.
Where is Cloudmed located?
Cloudmed is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Cloudmed?
Lee Rivas is the current CEO of Cloudmed.
How many employees does Cloudmed have?
As of Dec 31, 2022, the latest employee count at Cloudmed is 1,954.
What does Cloudmed do?
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.
Who are the top competitors of Cloudmed?
Cloudmed's top competitors include R1 RCM, AKASA and ABI Health.
What products or services does Cloudmed offer?
Cloudmed offers Acceleration Suite, Optimization Suite, Government Navigation Suite, and Automation Suite.
How many acquisitions has Cloudmed made?
Cloudmed has made 6 acquisitions, including Acustream, Cloudmed, and Databound Healthcare Solutions.
Who are Cloudmed's investors?
Cloudmed has 1 investor. Key investors include R1 RCM.
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