INSURANCE TECHNOLOGY

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

Cardinality.ai | December 08, 2021

Cardinality.ai acquires ClearCycle, a proven Claims & Disbursement technology company
Cardinality.ai, a data technology group helping government agencies achieve better outcomes through artificial intelligence (AI) solutions has acquired ClearCycle, based in Redmond WA, a proven Claims and Disbursement Management technology provider since 1983, for the Healthcare and 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. 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. 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."

- Thiag Loganathan, CEO of Cardinality.ai.

"Joining hands with the 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"

- 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.

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

About Cardinality.ai
Cardinality helps government agencies achieve better social and economic outcomes through intuitive, AI cloud-based solutions. Founded in 2017 by four serial entrepreneurs and a team of data specialists, the company has one goal: impact a billion lives. And it's already on its way—Cardinality solutions are being used by multiple agencies in the states of Indiana and Maryland. Their suite of solutions is built specifically for workforce, health, and human services leveraging it's modern AI Case Management, CRM, ERP, RedBird AI and Low-Code platform, so that agencies can modernize existing systems up to 50% faster than other low-code platforms and 200% faster than custom or unproven solutions.

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