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CareCloud, Inc. reports developments in AI-powered healthcare technology and revenue cycle management for medical practices and health systems. Company updates center on electronic health records, practice management, medical billing, patient experience management, business intelligence, digital health, and AI product portfolios including stratusAI, cirrusAI, and Marketware.
Recurring news themes include quarterly results, guidance, customer selections, product expansion into inpatient EHR, RCM, and analytics, and capital-structure actions involving credit facilities and preferred-stock matters. Updates also address cross-sell strategy, automation initiatives, conference presentations, and operational performance across its Healthcare IT and Medical Practice Management activities.
CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) announced an increased secured line of credit from Silicon Valley Bank to $25 million, extended until October 13, 2025. This financial backing supports the company's efforts to grow and innovate within the digital healthcare sector. Since 2017, CareCloud has achieved a 34% compound annual growth rate in revenues and a 58% increase in adjusted EBITDA, while maintaining a virtually debt-free balance sheet. The funding is intended for general corporate purposes and growth initiatives as CareCloud continues to enhance its technology-enabled solutions.
CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) is set to showcase its digital health solutions at the American Telemedicine Association (ATA) Annual Conference from March 4-6, 2023. The company has established itself as a leader in digital health through the introduction of CareCloud Wellness, a suite designed to modernize healthcare delivery. This includes services for chronic care management and remote patient monitoring, allowing for proactive patient engagement. By integrating with CareCloud LIVE, a HIPAA-compliant telehealth platform, CareCloud aims to enhance patient outcomes and access to care while addressing traditional healthcare inefficiencies.
CareCloud (Nasdaq: CCLD, CCLDO, CCLDP) will announce its financial results for Q4 and the full year ending December 31, 2022, on March 2, 2023. The results will be released before the market opens, followed by a conference call for investors at 8:30 a.m. ET. The call will be accessible via a live webcast on the company’s investor relations page. A replay will be available shortly after the conclusion of the call. CareCloud continues to innovate in healthcare technology, assisting over 40,000 providers with solutions that enhance patient care and operational efficiency.
CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) announced the integration of Medicomp Systems’ Quippe Clinical Data Engine into its electronic health record platforms. This integration aims to provide real-time, patient-specific data to healthcare providers, enhancing clinical workflows and reducing physician burnout. The Quippe system offers a comprehensive view of patients' health conditions, improving care delivery efficiency. CareCloud also plans to release a therapy-focused version of talkEHR in early 2023, which will further enhance its service offerings in the healthcare technology space.
CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) is participating in the Arab Health Exhibition & Congress from Jan. 30 to Feb. 2, 2023, in Dubai, where it aims to explore business opportunities in the digital health sector. With 3,000 exhibitors from 70 countries and over 50,000 attendees, this event is significant for healthcare innovation. Ali Zeeshan, CareCloud’s director of digital marketing, will discuss digital health transformation and the company's experience in remote patient monitoring. The UAE government is investing in digital health, aiming to enhance healthcare delivery and attract companies in this growing market.
CareCloud has announced the unveiling of a new therapy-focused electronic health record (EHR) version at the upcoming American Physical Therapy Association's Combined Sections Meeting in San Diego, California, from February 23-25, 2023. This enhanced version of talkEHR aims to improve patient care and practice operations specifically for therapy practices. Integrated with the therapy-focused solution CareCloud Remote, it offers operational efficiencies in various areas, including revenue cycle management and patient communication. The new EHR version is set to be released in the first quarter of 2023.
SOMERSET, N.J., Jan. 18, 2023 — CareCloud has announced that Adeel Sarwar, its CTO, has joined the Forbes Technology Council. With 18 years at CareCloud, Sarwar's expertise is crucial in transitioning healthcare providers to automated technology that enhances revenue cycle management. This transformation aims to streamline administrative tasks, optimize workflows, and improve patient interactions. Sarwar emphasizes that technology is vital for accurate and efficient billing processes. CareCloud continues to support over 40,000 providers in enhancing patient care while reducing costs.
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