RMS
About RMS
RMS is a Healthcare company based in Oklahoma City (United States) founded in 2006, and was acquired by Thompson Street Capital Partners in January 2017. It operates as an automated revenue cycle management and data analytics services are provided. It operates on a SaaS (Software-as-a-Service) model. RMS has raised $12.75 million across 3 funding rounds from investors including Fidus Investment, Northstar Capital and Thompson Street Capital Partners. The company has 115 employees. RMS has completed 2 acquisitions, including OrboGraph and i8 Health Solutions. Its chief executive is Scott Thomas. RMS offers products and services including Healthcare Remittance Automation. Its focus areas include Technology, Healthcare IT and Revenue Cycle Management. Its legal entity is Revenue Management Solutions. Its competitors include Centivo, iMedX, Omega Healthcare, Light Wave Dental and Access Healthcare and 5 more; 5 of its 10 listed competitors have raised funding.
Company details
Healthcare remittance and payment processing solutions are offered by RMS. Focus is placed on automation for healthcare providers and banking partners. The revenue cycle is streamlined through configurable dashboards and intelligent reporting. Seamless integration with banking systems and healthcare billing platforms is ensured. Data management and support are handled within the U.S. for security. Over 300 years of combined expertise in healthcare remittance technology are leveraged to deliver best-in-class solutions.
- Headquarters Oklahoma City, United States
- Employees 115
- SectorsHealthcare
- Phone•••• ••••
- Website rmsweb.com
- Social LinkedIn
- Acquired by Thompson Street Capital Partners (Jan 2017)
- Legal Name Revenue Management Solutions
- Total Equity Funding$12.75M (USD)
in 3 rounds
- InvestorsFidus Investment
& 2 more
- Employee Count115
- Investments & AcquisitionsOrboGraph
& 1 more
- Acquired byThompson Street Capital Partners
(Jan 2017)
Products & Services of RMS
RMS offers a comprehensive portfolio of products and services, including Healthcare Remittance Automation.
Automated solutions for healthcare remittance and payment processing.
Funding Insights of RMS
RMS has successfully raised a total of $12.75M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $12.75M
- Total Rounds 3
- First Round $12.75M
(Jan 2017)
- Investors Count 2
All 3 funding rounds of RMS with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | – | Series A | – | – | |
| Jan 2017 | – | Debt – Conventional | – | – | |
| Jan 2017 | $12.75M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in RMS
RMS has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Fidus Investment, Northstar Capital and Thompson Street Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PE firm investing in the US | 2007 | fdus.com | Evanston, United States | |
Northstar Capital is recognized as a trusted financing partner for the lower middle market. | 1993 | northstarcapital.com | Minneapolis, United States | |
A private equity firm focused on middle-market business investments. | – | tscp.com | St. Louis, United States |
Investor details for RMS
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People of RMS
28 people are tracked at RMS (10 in leadership, 18 in team); the tracked headcount is 115.
| Name | Role | Group |
|---|---|---|
Scott Thomas | CEO | Leadership |
Austin Greenfield | Director Of Software Engineering | Leadership |
Rob Sager | CFO | Leadership |
Ashley Sullivan | Chief Operations Officer | Leadership |
Tarah Tovar | Director Of Operations | Leadership |
Grzegorz Bugaj | Chief Information Officer | Leadership |
Jim Read | Vice President Of Business Development | Leadership |
Angie Knight | COO | Leadership |
Phil Hetrick | Director Of Client Engagement | Leadership |
Amy Rinard | Chief Revenue Officer (cro) | Leadership |
Faith Alliss | Devops PM | Team |
Milad Najafbeygi | Data Scientist | Team |
Cade Newbold | Operational Data Analyst Manager | Team |
Dallen Cordova | Software Development Team Lead | Team |
Alexis Caldwell | Devops Manager | Team |
John Doudican | Devops Engineer | Team |
Kevin Lord | Technical Lead | Team |
Matt Weers | Programmer Analyst | Team |
Jacob Silva | Business Analyst | Team |
Libby Clyden | Manager Of Implementations | Team |
8 more people are available in the full profile.
Complete people profiles for RMS
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Investments & Acquisitions by RMS
RMS has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include OrboGraph and i8 Health Solutions.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Check processing solutions provider | orbograph.com | Billerica, United States | 1996 | Aug 2022 | $100M | |
Suite of digital solutions for healthcare administration is developed. | i8health.com | Aurora, United States | 2015 | May 2019 | •••• |
Complete acquisition details for RMS
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Timeline of RMS
6 dated milestones of RMS across 16 years, from founding to its latest funding, stage changes and deals.
- Founded RMS is founded.
- Funding First funding round of $12.8M.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by Thompson Street Capital Partners.
- Acquisition Acquires i8 Health Solutions.
- Acquisition Acquires OrboGraph.
Competitors of RMS
RMS has 10 listed competitors in our database, 5 of them funded. They include Centivo, iMedX, Omega Healthcare, Light Wave Dental and Access Healthcare, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| centivo.com | 2017 | New York, United States | $224M | 212 | Provider of self funded health plan | |
| imedx.com | 2002 | Atlanta, United States | $22.28M | 951 | Revenue cycle management platform is provided to healthcare providers. | |
| omegahms.com | 2003 | Boca Raton, United States | – | 26,750 | Healthcare outsourcing services are provided to various sectors. | |
| lightwavedental.com | 2010 | Woodbridge, United States | $20.24M | 1,847 | Dental practice brokerage services are provided to facilitate transactions. | |
| accesshealthcare.com | 2011 | Chennai, India | $3.9M | 17,868 | Provider of revenue cycle management, BPO, IT, and finance and accounting services | |
| multiplan.us | 1980 | New York, United States | – | 2,800 | Medical payment integrity and analytics services are provided by MultiPlan. | |
| rennovahealth.com | 1989 | West Palm Beach, United States | $8.59M | – | Software solutions for laboratory diagnostics are provided to healthcare. | |
| vmghealth.com | 1995 | Dallas, United States | – | 176 | Healthcare transaction advisory services are provided by VMG Health. | |
| conveyhealthsolutions.com | 2001 | Sunrise, United States | – | – | Healthcare technology and outsourcing solutions are provided for health plans. | |
| charite.de | 1710 | Berlin, Germany | – | – | Information and education services for healthcare industries are provided. |
Detailed competitors of RMS
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Web traffic of RMS
The website of RMS (rmsweb.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▲ 0.5% vs previous month
Top companies in Healthcare Provider Support Services
10 companies that operate in the same segment as RMS (Healthcare Provider Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Emergency road ambulance services are provided for medical assistance. | 1906 | Copenhagen, Denmark | USD 1.59 B | – | 105 | |
Provider of self funded health plan | 2017 | New York, New York, United States | USD 224 M | – | 212 | |
Emergency medical transportation and ambulance services are provided. | 2016 | Hyderabad, Telangana, India | USD 34.31 M | USD 8.57 M | 1,371 | |
Provider of AI solutions for clinical, operational, and business outcomes | 2005 | Princeton, New Jersey, United States | USD 1.07 B | – | – | |
AMN Healthcare is recognized as a leading healthcare staffing provider. | 1985 | San Diego, California, United States | – | USD 2.73 B | 2,970 | |
Surgical facilities and ancillary services are operated nationwide. | 2004 | Brentwood, United States | – | USD 3.31 B | 15,000 | |
AI-powered software for radiology reporting and follow-up management is developed. | 2018 | Berkeley, California, United States | USD 152.89 M | – | 119 | |
Health insurance platform for individuals | 2019 | Mumbai, Maharashtra, India | USD 13.7 M | USD 10.48 M | 109 | |
Software solutions for laboratory diagnostics are provided to healthcare. | 1989 | West Palm Beach, Florida, United States | USD 8.59 M | USD 18.69 M | – | |
Collective health plans are enabled, sold, and managed in Brazil. | 1997 | Sao Paulo, Brazil | – | USD 261.05 M | 1,560 |
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Related news about Rms
Complete news archive for RMS
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Frequently Asked Questions about RMS
RMS was founded in 2006 and raised its 1st funding round 11 years after it was founded.
RMS is headquartered in Oklahoma City, United States. It is registered at Oklahoma City, Oklahoma, United States.
Scott Thomas is the current CEO of RMS.
RMS is a funded company, having raised a total of $12.75M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12.75M, raised on Jan 2017.
RMS has 115 employees.
Healthcare remittance and payment processing solutions are offered by RMS. Focus is placed on automation for healthcare providers and banking partners. The revenue cycle is streamlined through configurable dashboards and intelligent reporting. Seamless integration with banking systems and healthcare billing platforms is ensured. Data management and support are handled within the U.S. for security. Over 300 years of combined expertise in healthcare remittance technology are leveraged to deliver best-in-class solutions.
RMS's top competitors include Centivo, Access Healthcare and Rennova Health.
RMS offers Healthcare Remittance Automation.
RMS has made 2 acquisitions, including OrboGraph, and i8 Health Solutions.
RMS has 3 investors. Key investors include Fidus Investment, Northstar Capital, and Thompson Street Capital Partners.
RMS operates through Revenue Management Solutions.
Yes. RMS was acquired by Thompson Street Capital Partners in January 2017.