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Cardinality.ai acquires ClearCycle, a proven Claims & Disbursement technology company

MCLEAN, Va., Dec. 7, 2021 /PRNewswire/ --A Cardinality.ai, a data technology group helping government agencies achieve better outcomes through artificial intelligence (AI) solutionsA has acquired ClearCycle, based in Redmond WA,A a provenA Claims and Disbursement Management technology provider since 1983, for theA Healthcare andA Insurance industries, to expand its suite of SaaS solutions."The acquisition of ClearCycle will accelerate our mission of enabling government workers to deliver citizen services effectively.A ClearCycle's depth of knowledge in claims, payments, disbursements, and compliance reporting with their track record of serving its clients in regulated industries will expedite the deployment of our ready-built solutions" said Thiag Loganathan, CEO of Cardinality.ai. "In addition, we welcome the ClearCycle team, who will improve our ability to serve US Government agency clients and increase the scale of our US-based client success team.""Joining hands with theA Cardinality team, we are excited about the possibilities of coupling our 20+ years of knowledge and subject matter expertise with Cardinality's modern software, built with configurable modules, cloud-based tech, a powerful AI assistant, and an intuitive interface, powered by a low-code platform" said Ravi Nithyanandham, Chief Technology Officer of ClearCycle.With decades of experience in complex healthcare claims, payments, disbursements, translation to different currencies with international funding requirements, and regulatory reporting, the ClearCycle acquisition improves Cardinality features, such as compliance tracking, Medicare and Medicaid reporting while ensuring payments are disbursed quickly, appropriately, and traced easily.ClearCycleA will continue to operate under that name and is now a wholly owned subsidiary of Cardinality.ai.
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