Recondo
Recondo is a private Denver-based healthcare technology company, founded in 2008, that connects providers, payers, and patients via cloud computing solutions across the healthcare revenue cycle.
- Company typePrivate
- Founded2008
- HeadquartersDenver, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Recondo does
Recondo is a private, for-profit healthcare technology company founded in 2008 and headquartered in Denver, Colorado. The company's stated function is to connect providers, payers, and patients through cloud computing solutions spanning the healthcare revenue cycle, positioning it as a horizontal RCM infrastructure vendor rather than a point-solution provider. Recondo operates with a workforce of 251-500 employees, consistent with a mid-stage enterprise software firm serving multiple healthcare customer segments.
The company has raised approximately $36 million in disclosed equity capital across two funding rounds: a $20 million round led by Bregal Sagemount in January 2013 and a $16 million round led by Lemhi Ventures in November 2016. Leadership disclosed in the input is limited to three named executives — Jodi Hubler (Chairman / Board Chair), Perry Sweet (Chief Operating Officer), and Andrew Vranesic (Vice President of Product Management) — with no publicly listed CEO or CFO in the available data. Sales contact is routed through a single national number (866-591-5281), consistent with an enterprise field-sales motion.
The input dataset does not enumerate Recondo's specific product modules, pricing structure, named customers, certifications, awards, partnerships, or M&A history, which limits depth on commercial mechanics. The available competitive and technology context in the dataset (the Waystar material under source) characterizes a rival vendor in the same vertical with substantial AI-enabled capabilities, indicating that Recondo competes in a category where AI differentiation is increasingly competitive. No AI features, proprietary technology assets, or data flywheel mechanics are documented for Recondo in the input.
Recondo firmographics
Firmographics- Name
- Recondo
- Legal name
- Waystar
- Website
- https://recondotech.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Recondo is a private Denver-based healthcare technology company, founded in 2008, that connects providers, payers, and patients via cloud computing solutions across the healthcare revenue cycle.
- Ownership category
- akta.pro rank
Recondo industry classification
Industry- Product category
- Healthcare Revenue Cycle Management
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Revenue Cycle, Coding & Telehealth Compliance Platforms (for provider orgs) (HLALABAM)
- akta.pro secondary industry
- Accounts Receivable (A/R) & Collections Management (HLACACAJ)
Keywords
Where Recondo is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Markets served
Recondo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Healthcare Revenue Cycle Management SaaS: Waystar provides a cloud-based healthcare revenue cycle management platform offering multiple modules including Financial Clearance, Clinical Integrity + Revenue Capture, Claim Management, Payment Management, Denial Recovery, and Analytics + Reporting. Revenue is generated through subscription-based licensing of the platform with various modules and usage-based components.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise healthcare RCM platform with modular pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Recondo product offering
Product offeringCore offering
Recondo connects providers, payers and patients via cloud computing solutions throughout the healthcare revenue cycle. The company delivers software that bridges financial and administrative processes among healthcare stakeholders, enabling streamlined workflows and stakeholder connectivity across the revenue cycle.
Product overview
Waystar offers a unified AI-powered healthcare revenue cycle management (RCM) platform with a modular architecture. The core platform is powered by AltitudeAI™, which provides agentic AI, generative AI, and predictive AI capabilities across all modules. The platform consists of six main product modules: Financial Clearance (eligibility verification, patient estimation, authorization, charity screening, price transparency), Clinical Integrity + Revenue Capture (charge integrity, DRG anomaly detection, utilization management), Claim + Payer Payment Management (claim monitoring, attachments, Medicare management), Denial Prevention + Recovery (denial management, recoupment), Patient Financial Care (patient payments, EOB conversion), and Analytics + Reporting. The platform serves healthcare providers including health systems, hospitals, physician practices, ambulatory surgery centers, billing services, and skilled nursing facilities.
Differentiator
Problem solved
Functional benefit
Brands
- AltitudeAI: AI-powered platform combining agentic AI, generative AI, and predictive AI for healthcare revenue cycle management automation.
Quantifiable outcome
- 60% of U.S. patient population covered
- +3 more outcomes
Companies that use Recondo
Customer profileNamed customers15 records
Segments3 records
Ideal customer profiles1 record
Recondo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature5 records
Recondo partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- EHR System IntegrationscoreWaystar has established integrations with various Electronic Health Record (EHR) systems. The company reports 94% client satisfaction with EHR integrations, indicating strong technical partnerships with major EHR vendors. Integration enables seamless eligibility verification, claims processing, and data synchronization.
Scale indicators7 records
Recent moves2 records
Expansion highlights2 records
Recondo competitors and assessment
Company assessmentDirect peers
- Waystar: Waystar is the most direct competitor to Recondo—both offer cloud-based healthcare revenue cycle management platforms spanning eligibility, claims, denials, and patient payments. They serve overlapping provider segments and the comparable Waystar data confirms direct product parity and competitive overlap.
- R1 RCM: R1 RCM is a leading dedicated healthcare revenue cycle management company offering both technology and outsourced services. It targets similar hospital and large provider segments with end-to-end RCM, including claim management and patient access workflows comparable to Recondo's platform.
- Availity: Availity is a healthcare information network focused on provider-payer data exchange, eligibility, prior authorization, and claims management. It directly competes with Recondo's financial clearance and payer connectivity capabilities.
Broad incumbents
- Epic Systems: Epic is the dominant EHR vendor for large health systems and increasingly bundles RCM capabilities (claims, denials, patient estimation) into its platform. Recondo competes by integrating with Epic and offering best-of-breed RCM functionality where Epic's native tooling is weaker.
- Oracle Health (Cerner): Oracle Health (formerly Cerner) provides enterprise EHR plus RCM for hospitals and large provider organizations. Like Epic, it competes by bundling revenue cycle into its clinical platform, pressuring best-of-breed vendors like Recondo in integrated accounts.
- athenahealth: athenahealth offers cloud-based practice management, EHR, and patient engagement with embedded RCM tools targeting physician practices and ambulatory groups. It overlaps with Recondo in ambulatory and specialty practice segments.
- Experian Health: Experian Health provides identity, eligibility, claims management, and patient access solutions to hospitals and physician practices. It competes with Recondo across the front-end of the revenue cycle, leveraging Experian's broader data assets.
- Optum (UnitedHealth Group): Optum, through its acquisition of Change Healthcare, operates one of the largest healthcare revenue cycle and payment networks in the US. It competes with Recondo via clearinghouse, claims management, and analytics capabilities serving providers and payers.
Emerging players
- FinThrive: FinThrive is an emerging end-to-end RCM technology provider formed through the combination of nThrive, MEDITECH, and AccuVein RCM assets. It targets the same hospital revenue cycle workflow as Recondo with a focus on AI-driven automation.
- MRO Corp: MRO Corp is a healthcare technology company focused on release of information, clinical data exchange, and revenue cycle workflow automation. It overlaps with Recondo in payer-provider data exchange and clinical documentation workflows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights6 records
Customer concentration
Recondo social profiles
Digital presenceRecondo compliance and trust
Trust signalCompliance4 records
Recondo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Recondo leadership team
Management profileNumber of profiles
Profiles3 records
Recondo funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Recondo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Recondo
What does Recondo do?
Recondo connects providers, payers and patients via cloud computing solutions throughout the healthcare revenue cycle. The company delivers software that bridges financial and administrative processes among healthcare stakeholders, enabling streamlined workflows and stakeholder connectivity across the revenue cycle.
Is Recondo a public or private company?
Recondo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Recondo founded?
Recondo was founded in 2008. It employs 251 to 500 people.
Where is Recondo based?
Recondo is headquartered in Denver, United States, in the North America region.
How does Recondo make money?
One revenue line is on record: healthcare Revenue Cycle Management SaaS.
Who are Recondo's main competitors?
Direct peers on record are Waystar, R1 RCM and Availity. Broad incumbents are Epic Systems, Oracle Health (Cerner), athenahealth, Experian Health and Optum (UnitedHealth Group). Emerging players are FinThrive and MRO Corp.
Does Recondo have an API?
No public API is recorded for Recondo.
What industry is Recondo in?
Recondo's product category is Healthcare Revenue Cycle Management. Its primary akta.pro industry code is HLALABAM, Revenue Cycle, Coding & Telehealth Compliance Platforms (for provider orgs), with a secondary code of HLACACAJ, Accounts Receivable (A/R) & Collections Management. Its NAICS code is 51821 and its SIC code is 7372.