Cloudmed, formerly Revint Solutions, is a leading national provider of technology-enabled revenue integrity and recovery solutions for healthcare providers. Cloudmed serves over 3,100 healthcare organizations in the U.S. and helps recover over $1.2 billion of underpaid or unidentified revenue for its clients annually. The company’s services include the Revenue Assurance suite to ensure episodes of care are coded, charged, and discharged accurately for optimized reimbursement; the Payer Accountability suite to ensure the claim was processed correctly and recovery was optimized for expected reimbursement; and the Medicare Reimbursement suite to validate the organization was appropriately reimbursed for the served population. Cloudmed offers a full revenue integrity “safety net” for all types of healthcare provider organizations. Cloudmed was initially created through the merger of the predecessor company Revint Solutions, a leading technology-enabled revenue integrity platform, and IMA Consulting (“IMA”), a leading provider of revenue cycle management and consulting solutions.
New Mountain’s acquisitions of IMA and Revint were driven by the firm’s multi-year proactive “deep dive” effort around the theme of healthcare technology-enabled services companies that improve efficiency while raising quality. New Mountain first began a dialogue with the owners of Revint and identified a uniquely synergistic opportunity to combine the company with IMA, partnering on an exclusive basis to pursue the transaction. IMA selected New Mountain and Revint as their preferred partner, and the transaction with both companies was consummated on an exclusive basis in December 2017. In October 2020, with the support of Revint’s board and management, Revint merged with Triage Consulting to deliver the most comprehensive revenue integrity services and technology platform in the healthcare industry, and rebranded to Cloudmed.