CareCloud

CareCloud Retains Citizens JMP as its Exclusive Capital Structure Advisor

Retrieved on: 
Thursday, May 9, 2024
Citizenship, CareCloud

SOMERSET, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it has retained Citizens JMP as its exclusive capital structure advisor.

Key Points: 
  • SOMERSET, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it has retained Citizens JMP as its exclusive capital structure advisor.
  • The retention of Citizens JMP by the Company was prompted by its recent receipt of an unsolicited indication of interest from a third-party to acquire the Company.
  • The Company’s Board of Directors exercised its fiduciary duty to evaluate the indication of interest, which was non-binding and subject to satisfactory due diligence, and declined to accept it as proposed.
  • As the Company’s advisor, Citizens JMP will evaluate CareCloud’s capital structure and provide guidance regarding possible modifications to its Series A Preferred Stock.

CareCloud to Showcase Cutting-Edge Healthcare Technology Solutions at the 2024 Kansas MGMA Conference

Retrieved on: 
Wednesday, April 17, 2024
Crystal Williams, EHR, Conference, Environment, RCM, CareCloud, Pharmaceutical industry

SOMERSET, N.J., April 17, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, is pleased to announce its participation in the 2024 Kansas MGMA Annual Conference, taking place from April 17-19 at the Wichita Marriott, Kansas.

Key Points: 
  • SOMERSET, N.J., April 17, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, is pleased to announce its participation in the 2024 Kansas MGMA Annual Conference, taking place from April 17-19 at the Wichita Marriott, Kansas.
  • CareCloud will seize this opportunity to showcase its innovative solutions aimed at transforming revenue cycle management (RCM) and enhancing patient engagement within the healthcare industry.
  • The Kansas MGMA Annual Conference draws healthcare professionals together, providing a platform to address industry challenges and explore strategic solutions.
  • Furthermore, CareCloud will showcase CareCloud's cirrusAI Notes, a healthcare documentation tool that provides real-time transcription of provider-patient interactions and accurate clinical notes in a HIPAA-compliant environment.

CareCloud’s medSR division to Showcase Consultation and Implementation Services at Becker’s Annual Conference

Retrieved on: 
Monday, April 8, 2024
Conference, Health, SME, CareCloud, Pharmaceutical industry

(Nasdaq: CCLD, CCLDP, CCLDO), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, announces the participation of its medSR division at the Becker’s Annual Conference.

Key Points: 
  • (Nasdaq: CCLD, CCLDP, CCLDO), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, announces the participation of its medSR division at the Becker’s Annual Conference.
  • The Becker’s Annual Conference serves as a platform for healthcare professionals to exchange insights into the evolving healthcare landscape.
  • CareCloud's medSR division, featured at booth 215, will showcase its range of healthcare IT consulting and implementation services, including project management, subject matter experts (SMEs), IT staffing solutions, interim leadership support, training programs, and activation services.
  • “Through collaboration with medSR, healthcare systems can access consultation services to optimize operations, refine revenue cycle management, and devise IT strategies,” he said.

CareCloud Central Named Best Medical Billing Software of 2024 by SelectHub

Retrieved on: 
Thursday, April 4, 2024
Intelligence, Workflow, CareCloud, Medicine, Health, Nursing

(Nasdaq: CCLD, CCLDP, CCLDO), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, has been awarded Best Medical Billing Software of 2024, according to SelectHub's analyst pick.

Key Points: 
  • (Nasdaq: CCLD, CCLDP, CCLDO), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, has been awarded Best Medical Billing Software of 2024, according to SelectHub's analyst pick.
  • Earning an exceptional analyst rating of 96, CareCloud Central has surged ahead of competitors in the industry.
  • In addition to securing the top position in the Best Medical Billing Category, CareCloud Central won awards for the “Best Overall” and “Best for Medical Coding” categories.
  • CareCloud Central emerged as the preeminent choice, solidifying its leadership status in the healthcare technology sector.

Jersey Hydreight Selects CareCloud’s talkUltimate to Elevate Patient Experiences and Streamline Administrative Processes

Retrieved on: 
Tuesday, March 26, 2024
EHR, RCM, CareCloud, Practice management

(Nasdaq: CCLD, CCLDP, CCLDO), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, today announced that Jersey Hydreight (Hydreight) has selected CareCloud’s talkUltimate to improve the patient experience and streamline administrative processes.

Key Points: 
  • (Nasdaq: CCLD, CCLDP, CCLDO), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, today announced that Jersey Hydreight (Hydreight) has selected CareCloud’s talkUltimate to improve the patient experience and streamline administrative processes.
  • Hydreight, a prominent provider of intravenous and nonsurgical aesthetic treatments based in Teaneck, New Jersey, encountered complex financial and operational challenges.
  • This comprehensive offering meets the diverse needs of medical practices and health providers, offering a cohesive and efficient approach to healthcare management.
  • Elio Perito, Chief Operating Officer of Hydreight stated, "In addressing our challenges navigating RCM complexities, we found CareCloud's talkUltimate to be the ideal solution.

CareCloud Reports Full Year 2023 Results

Retrieved on: 
Thursday, March 21, 2024
CareCloud, Depreciation, GAAP

SOMERSET, N.J., March 21, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced financial and operational results for the year ended December 31, 2023.

Key Points: 
  • SOMERSET, N.J., March 21, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced financial and operational results for the year ended December 31, 2023.
  • A. Hadi Chaudhry, CEO and President of CareCloud remarked “We are focused on cost alignment initiatives with the goal of restoring profitability.
  • Fourth quarter 2023 GAAP net loss was $43.7 million, compared to net income of $499,000 in the same period last year.
  • During the fourth quarter 2023 and for the full year 2023, cash flow from operations was approximately $3.7 million and $15.5 million, respectively.

CareCloud to Showcase its Generative AI Solutions and Tech-Enabled RCM at the 2024 HIMSS Conference and Exhibition

Retrieved on: 
Monday, March 11, 2024
Artificial intelligence, HIMSS, RCM, CareCloud, EHR, Conference, Exhibition, Patient safety, Diagnosis, Concierge

Positioned at booth 5281, CareCloud will use this opportunity to showcase its state-of-the-art generative AI solutions, alongside its other products and services for physician practices.

Key Points: 
  • Positioned at booth 5281, CareCloud will use this opportunity to showcase its state-of-the-art generative AI solutions, alongside its other products and services for physician practices.
  • CareCloud cirrusAI Notes will be another addition to the Company’s generative AI suite, called cirrusAI, which is designed to optimize clinical, financial, and operational outcomes.
  • With four integral features – CareCloud cirrusAI Guide, CareCloud cirrusAI Chat, CareCloud cirrusAI Appeals, and CareCloud cirrusAI Notes – the generative AI suite harnesses the power of Google’s Vertex AI’s generative AI tools to furnish real-time, evidence-based recommendations and personalized suggestions to healthcare providers.
  • “We look forward to showcasing our generative AI solutions at HIMSS,” said Chief Sales Officer Justin Pierce.

CareCloud To Announce Fourth-Quarter and Full-Year 2023 Results on March 21, 2024

Retrieved on: 
Monday, March 4, 2024
CareCloud

SOMERSET, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology solutions for medical practices and health systems nationwide, will release its financial results for the fourth quarter and full year ended December 31, 2023 before the market opens on Thursday, March 21, 2024.

Key Points: 
  • SOMERSET, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology solutions for medical practices and health systems nationwide, will release its financial results for the fourth quarter and full year ended December 31, 2023 before the market opens on Thursday, March 21, 2024.
  • The Company will follow with a conference call for investors at 8:30 a.m. Eastern Time.
  • A replay of the conference call and related presentation slides will be available approximately one hour after conclusion of the call at the same link .
  • An audio-only option can also be accessed by dialing 412-317-6671 and providing the access code 10739699.

CareCloud to Unveil Cutting-edge Healthcare Solutions at Vive 2024, Showcasing Innovation and Leadership in Digital Health 

Retrieved on: 
Thursday, February 22, 2024
Vive, EVP, Telehealth, CareCloud, RCM, EHR, Pulse, Health information management, Health, ViVe, Wellness

Located at booth V-844 at South Hall, CareCloud will showcase its cutting-edge solutions, including CareCloud Force, featuring advanced staff augmentation capabilities.

Key Points: 
  • Located at booth V-844 at South Hall, CareCloud will showcase its cutting-edge solutions, including CareCloud Force, featuring advanced staff augmentation capabilities.
  • The Company will showcase its award-winning Concierge-RCM service, including comprehensive revenue cycle management (RCM) support, and Wellness, a cornerstone of CareCloud's holistic healthcare approach.
  • Vive 2024 promises to be a powerhouse event, drawing over 9,000 attendees, including C-level executives, sponsors, and luminary speakers.
  • Justin Pierce, Chief Sales Officer, expresses, "CareCloud is excited to support the ViVE conference with an expanded presence this year.

CareCloud’s Managed Practice Pediatric Associates of Dayton Joins Dayton Children's Network

Retrieved on: 
Thursday, February 1, 2024
Health, CareCloud, Hospital, Nursing

SOMERSET, N.J., Feb. 01, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health care technology solutions for medical practices and health systems nationwide, today announced that Pediatric Associates of Dayton, a practice managed by CareCloud, is now integrated into the Dayton Children’s Hospital network.

Key Points: 
  • SOMERSET, N.J., Feb. 01, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health care technology solutions for medical practices and health systems nationwide, today announced that Pediatric Associates of Dayton, a practice managed by CareCloud, is now integrated into the Dayton Children’s Hospital network.
  • As Dayton Children’s Hospital takes charge of the medical practice, CareCloud continues to manage Pediatric Associates of Dayton’s non-medical operations, setting the stage for positive outcomes and leading to an enhancement of services and improved reimbursement rates.
  • This move aligns with our mission to efficiency, quality, and the ongoing advancement of the healthcare industry.”
    Underlining their dedication, CareCloud emphasizes its commitment to providing continued service to Pediatric Associates of Dayton.
  • “While we have long been partners in care with Pediatric Associates of Dayton, this new integration aligns with a strategic priority to keep primary care accessible for the children of our community,” says Deborah Feldman, Dayton Children’s president and chief executive officer.