- In September 2024, Swedish investment firm EQT announced its agreement to acquire a controlling stake in GeBBS Healthcare Solutions, a leading provider of revenue cycle management and medical billing services. The acquisition, valued at over USD 850 million, aims to support GeBBS' next phase of growth and innovation in the healthcare outsourcing sector
- In August 2024, R1 RCM, a prominent revenue cycle management company, completed the acquisition of CloudMed, a provider of revenue intelligence solutions. This strategic move enhances R1 RCM's AI-driven analytics and automation capabilities, aiming to improve billing accuracy and financial performance for healthcare providers
- In July 2024, Cerner Corporation announced a collaboration with AWS to migrate its billing and revenue cycle management solutions to the cloud. This partnership is expected to offer scalable, secure, and efficient billing services, leveraging AWS's cloud infrastructure to optimize healthcare financial operations.
- In June 2024, Change Healthcare introduced a new AI-powered platform designed to streamline claims management processes. The platform utilizes machine learning algorithms to predict claim denials, automate corrections, and expedite reimbursements, thereby enhancing revenue cycle efficiency for healthcare organizations
- In May 2024, Cognizant Technology Solutions acquired TMG Health, a provider of business process services for government-sponsored health plans. This acquisition aims to broaden Cognizant's healthcare offerings, including medical billing and administrative services, to better serve the growing Medicare and Medicaid markets.
