Global leader in respiratory medical solutions looks to eliminate manual processes and consolidate on a modern revenue lifecycle management platform for future growth DENVER , Aug. 21, 2024 /PRNewswire/ -- BillingPlatform , the enterprise revenue lifecycle management platform for today's innovative business models, today announced that ResMed , a global leader in the development, manufacturing and marketing of innovative medical products for the treatment and management of respiratory disorders, with a focus on sleep-disordered breathing, has selected BillingPlatform to automate its billing and subscription management, eliminating manual processes and reducing the risk of revenue leakage. Founded in 1989, ResMed is leading the way in cloud-connected medical devices that transform care for people with sleep apnea, COPD and other chronic diseases.
ResMed's comprehensive out-of-hospital software platforms support the professionals and caregivers who help people stay healthy in the home or care setting of their choice. With more than 24M cloud connectable device in the market and more than 7.8M subscribed users, ResMed is committed to building and supporting technology that helps people live healthier, happier lives.
ResMed was facing challenges with multi-step, manual processes associated with its legacy billing solution. The company was looking for a solution to automate the billing and invoicing of more complex, usage-based subscriptions and associated revenue recognition proc.