Recondo Technology, Inc.

Recondo Technology, Inc. specializes in enhancing healthcare revenue cycle management through innovative technology, aimed at improving financial performance and operational efficiency for healthcare providers. Recondo Technology, Inc. , founded in 2006 in Greenwood Village, US, focuses on delivering advanced revenue cycle solutions to healthcare organizations.

The company was acquired by Waystar, Inc. on December 4, 2019, to bolster its AI-powered offerings. Recondo Technology has completed a total of 5 deals, with its most recent funding round being a Series E, where it raised USD 20. 00 mn, bringing the total amount raised to USD 20.

00 mn and its current company valuation to USD 142. 245 mn. Recondo Technology offers a comprehensive healthcare revenue cycle management platform that integrates artificial intelligence, automation, and data analytics. Its main product suite includes financial clearance tools for insurance verification, automated prior authorizations, patient financial solutions, revenue capture services, and claim management tools, serving a wide range of healthcare providers across the United States, which includes over 1 million providers.

Recondo Technology generates revenue through a subscription-based model, where healthcare organizations pay for its software solutions. Clients typically enter into annual or multi-year contracts, enabling them to leverage services like Waystar Altitude AI™ for improved operational efficiency and financial visibility. The pricing structure varies based on the scale of services and the specific needs of healthcare organizations. Looking ahead, Recondo Technology plans to expand its service offerings and enhance its technology.

Following its acquisition by Waystar, Inc. , the focus will be on launching new AI-driven products to improve healthcare revenue cycle management. The company aims to solidify its presence in new geographic markets by 2025, leveraging recent funding from the Series E round to support this growth strategy.