CareCloud Announces Acquisition of HFMA’s MAP App to Expand AI-Driven Benchmarking in Hospitals and Integrated Health Systems
Rhea-AI Summary
CareCloud (NASDAQ: CCLD) has announced a definitive agreement to acquire HFMA's MAP App, a leading hospital benchmarking tool, with the deal set to close on October 1, 2025. The acquisition includes a long-term joint marketing agreement with the Healthcare Financial Management Association (HFMA).
MAP App, developed by HFMA and used by top hospitals nationwide, specializes in benchmarking and measuring revenue cycle management performance. CareCloud plans to enhance the tool's capabilities with AI-driven insights through its AI Center of Excellence, building on synergies from its recent Medsphere hospital IT business acquisition.
The partnership aims to expand MAP App's reach and capabilities while leveraging HFMA's network of 140,000 members. The acquisition is not expected to have a material financial impact on CareCloud in 2025.
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Negative
- No material financial impact expected from the acquisition in 2025
Insights
CareCloud's acquisition of HFMA's MAP App strengthens its hospital market position through enhanced AI-driven benchmarking capabilities.
CareCloud's strategic acquisition of the Healthcare Financial Management Association's MAP App represents a calculated move to expand its footprint in the inpatient healthcare IT market. This benchmarking tool, already established among leading hospitals nationwide, provides revenue cycle management performance metrics that complement CareCloud's existing AI-powered platforms.
The acquisition offers three key strategic advantages: First, it leverages synergies with CareCloud's recent Medsphere hospital IT business acquisition, creating an integrated solution stack. Second, it provides access to HFMA's network of 140,000 healthcare finance professionals—a valuable distribution channel. Third, it positions CareCloud to enhance the tool's capabilities through its AI Center of Excellence, potentially transforming basic benchmarking into predictive analytics.
The long-term joint marketing agreement with HFMA further validates the strategic value of this acquisition. While the press release states the deal won't materially impact 2025 financials, the real value lies in the long-term positioning. This acquisition represents a methodical building of capabilities rather than an immediate revenue driver, focusing on expanding CareCloud's SaaS ecosystem with complementary tools that strengthen its competitive position in the hospital market segment.
Acquisition and long-term partnership with HFMA further strengthen CareCloud’s position in the inpatient healthcare IT market
SOMERSET, N.J., Sept. 29, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (NASDAQ: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for hospitals, integrated health systems, and medical practices nationwide, today announced its definitive agreement to acquire MAP App, a leading hospital benchmarking tool created by the Healthcare Financial Management Association (“HFMA”). This acquisition, which is scheduled to close on October 1, 2025 and is supported by a long-term joint marketing agreement, will enable the expansion of MAP App’s capabilities, including AI-driven insights, while accelerating its growth throughout the hospital market.
MAP App is an industry-leading tool for benchmarking and measuring revenue cycle management performance, which was developed by HFMA and is used by top hospitals and healthcare organizations nationwide. The acquisition reflects both HFMA’s desire to partner with a leader in healthcare technology to expand MAP App’s core capabilities and CareCloud’s strategy to expand its SaaS-based ecosystem with best-in-class tools that complement its AI-powered revenue cycle platform.
“Aligned with HFMA’s mission, MAP App provides hospitals with the revenue cycle insights needed to improve transparency, efficiency, and financial results. Together, we look forward to advancing this tool to the next level of innovation and impact,” said Stephen Snyder, Co-Chief Executive Officer, CareCloud. “This acquisition enables CareCloud to deliver actionable insights and uncover opportunities for measurable improvement, strengthened by the capabilities of our AI Center of Excellence and the synergies created through our recent acquisition of Medsphere’s hospital IT business.”
“MAP App is an outgrowth of our mission to equip our 140,000 members with the tools and insights they need to advance revenue cycle performance,” said C. Ann Jordan, President & CEO, HFMA. “We are excited to work with CareCloud to take MAP App forward, leveraging their strong technological capabilities and AI expertise. Together we will broaden the reach of MAP App, ensuring more providers benefit from improved performance measurement and greater financial transparency.”
HFMA is the nation’s leading membership organization for healthcare finance leaders and helps hospitals, health systems and other healthcare organizations navigate complex financial challenges by providing education, certification, and practical tools that drive better business and clinical outcomes. Among its key innovations is the MAP App, a hospital benchmarking solution developed by HFMA to equip providers with the insights needed to improve transparency, efficiency, and sustainability in revenue cycle management.
The acquisition of MAP App will not have a material financial impact on the Company in 2025.
About CareCloud
CareCloud (Nasdaq: CCLD, CCLDO) brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.
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For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.
Forward-Looking Statements
This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.
Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management's expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, and the expected results from the integration of our acquisitions. Past operational or stock price performance is not an indication of future performance.
These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.
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SOURCE: CareCloud
Company Contact:
Norman Roth
Interim Chief Financial Officer and Corporate Controller
CareCloud, Inc.
nroth@carecloud.com
Investor Contact:
Stephen Snyder
Co-Chief Executive Officer
CareCloud, Inc.
ir@carecloud.com
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