CareCloud has signed a definitive agreement to acquire the MAP App from the Healthcare Financial Management Association.
The MAP is a tool for benchmarking and measuring revenue cycle management performance that was developed by the HFMA, according to a Sept. 29 CareCloud news release.
The acquisition is expected to close Oct. 1 and is supported by a long-term joint marketing agreement that will allow for the expansion of the app’s capabilities, including AI-driven insights, the release said.
“MAP App is an outgrowth of our mission to equip our 140,000 members with the tools and insights they need to advance revenue cycle performance,” HFMA President and CEO C. Ann Jordan said in the release. “We are excited to work with CareCloud to take MAP App forward, leveraging their strong technological capabilities and AI expertise. Together we will broaden the reach of MAP App, ensuring more providers benefit from improved performance measurement and greater financial transparency.”
