Velocity Revenue Cycle

Velocity Revenue Cycle is a healthcare revenue cycle management and medical billing company formed to provide billing and collection services in the provider-services market rather than drug development. The company was established in 2019 as a joint venture between Assure Holdings and Clever Claims to serve as Assure’s exclusive in-house billing and collection vendor. Assure later agreed to acquire Clever Claims’ remaining stake, making Velocity a wholly owned subsidiary within Assure’s operating structure. Based on available sources, Velocity appears to be focused on back-office reimbursement operations for healthcare services, not therapeutics, diagnostics, or life sciences R&D. As a result, it is healthcare-related but not a biotech or pharma company.