Cardinality.ai Acquires ClearCycle, a Proven Claims and Disbursement Technology Company

MCLEAN, Va., December 7, 2021 /PRNewswire/ — Cardinality.ai, a data technology group that helps government agencies achieve better results through artificial intelligence (AI) solutions has acquired ClearCycle, based in Redmond WA, a proven provider of claims and disbursement management technology since 1983, for the healthcare and insurance industries, to expand its suite of SaaS solutions.

“The acquisition of ClearCycle will accelerate our mission to enable government employees to effectively deliver services to citizens. ClearCycle’s deep knowledge of claims, payments, disbursements and compliance reporting, as well as their service track record to its customers in regulated industries, will accelerate the deployment of our off-the-shelf solutions,” said Thiag Loganathan, CEO of Cardinality.ai. “In addition, we welcome the ClearCycle team, which will enhance our ability to serve US government agency customers and increase the scale of our US-based customer success team.”

“By joining the Cardinality team, we are excited about the opportunities to couple our 20 years of knowledge and subject matter expertise with Cardinality’s modern software, built with configurable modules, cloud-based technology, a powerful AI assistant and an intuitive interface, powered by a low-code platform,” said Ravi Nithyanandham, CTO of ClearCycle.

With decades of experience in complex healthcare claims, payments, disbursements, cross-currency translation with international funding requirements, and regulatory reporting, the acquisition of ClearCycle enhances Cardinality’s functionality, such as compliance tracking, Medicare and Medicaid reporting while ensuring payments are disbursed promptly and appropriately. , and traced easily.

ClearCycle will continue to operate under this name and is now a wholly owned subsidiary of Cardinality.ai.

Virginia Partners Bank was the financial partner of the acquisition. “We are delighted to continue to partner with and support Cardinality in its acquisition of ClearCycle,” said Adam Nalls, COO of Virginia Partners Bank.

About Cardinality.ai

Cardinality helps government agencies achieve better social and economic outcomes through intuitive AI-powered cloud solutions. Founded in 2017 by four serial entrepreneurs and a team of data scientists, the company has one goal: to impact a billion lives. And it’s already happening – cardinality solutions are used by several agencies in the states of Indiana and Maryland. Their suite of solutions is designed specifically for workforce, health and social services leveraging its modern AI, CRM, ERP, RedBird AI and Low-Code case management platform, so agencies can modernize existing systems up to 50% faster than other low-cost solutions. code platforms and 200% faster than custom or unproven solutions.

Cardinality has been recognized as a GovTech 100 Company in 2020 and 2021, and the SaaSBOOMi Vertical SaaS Startup of 2020. For more information, please visit www.cardinality.ai.

About Virginia Partners Bank

Virginia Partners Bank is a subsidiary of Partners Bancorp, a multi-bank holding company. Virginia Partners Bank is a full-service bank with branches in Virginia and Maryland.

Media Contact:
Erin Yeazell
Vice President Customer Success
[email protected]
513-560-5560
www.cardinality.have

SOURCE Cardinality.ai

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