Revenue Management Solutions (RMS), a provider of automated healthcare payments reconciliation services backed by Thompson Street Capital Partners, has acquired OrboGraph, a subsidiary of KLA Corporation. Terms of the transaction have not been disclosed.
The acquisition of OrboGraph brings together two providers of automation-focused healthcare remittance reconciliation technology and services. Combined, the company will process over 350 million annual transactions across over 14,000 National Provider Identifiers (NPIs).
As part of the transaction, OrboGraph’s industry leading AI-based check imaging and fraud detection solutions will operate as an independent entity, retaining the OrboGraph name, within RMS post-closing. Barry Cohen will continue to lead OrboGraph as its CEO, while Tom Wimsett, a long-tenured payments executive, will be joining the firm’s Board of Directors.
