Cloudmed Acquires Healthcare Technology Company par8o.
MANews-(C)2009-2021
US-based revenue intelligence specialist Cloudmed has acquired healthcare technology company par8o, specializing in 340B and patient referral management technology for healthcare providers, the company said.
This acquisition advances the capabilities of Cloudmed's 340B Discovery Services and elevates its CloudmedAI platform with par8o's sophisticated machine learning technology.
Cloudmed partners with over 3,100 healthcare providers in the United States and said it recovers over USD 1.5bn of underpaid or unidentified revenue for its clients annually.
par8o was founded in 2011 to improve healthcare access, reduce costs, and achieve health equity through better patient referrals.
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