Capstone Partners advised Managed Care Revenue Consulting Group LLC (MCRC Group), a growing provider of revenue cycle solutions for hospital networks, on its sale to Cloudmed.
We are so glad that we chose Capstone as our partner. Going into this process we felt that Capstone had the relationships and connections to properly represent us in this market and they did not disappoint. They expertly guided us through the process and achieved for us the result that we wanted. We could not imagine going through this with any other partner.
MCRC Group is a leading provider of healthcare revenue cycle management (RCM) solutions primarily in the New York market. The firm’s services include hospital zero balance revenue recovery, managed care contracting, and related consultative services. Their team consists of highly skilled and accomplished health care executives and analysts that are experts in all aspects of revenue recovery, patient financial services, and managed care. With many payer claim system errors, contract interpretation disputes, underpayment, and denial trends in the healthcare field the MCRC Group is a necessity for its clients.
“Cloudmed brings advanced technological capabilities to capture more revenue for the care that hospitals and health systems provide,” said Patrick Nolan, Managing Partner, MCRC Group. “We’re thrilled to add these enhanced capabilities and provide our customers with a more comprehensive approach with unmatched accuracy, productivity and revenue opportunities.”
Cloudmed is a healthcare technology company focused on Revenue Intelligence and data-driven insights. Their market-leading platform utilizes intelligent automation and human expertise to help providers enhance productivity and increase revenue. Cloudmed 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. Cloudmed was awarded 2021 Best In KLAS: Revenue Integrity/Underpayment Services and Robotic Process Automation (Databound). Its solution suites have HFMA Peer Review status and are HITRUST certified. www.cloudmed.com