|By Business Wire||
|July 24, 2014 07:00 AM EDT||
CareCloud, the leading provider of cloud-based practice management, electronic health records (EHR), and medical billing software and services, announced today it continued its expansion upmarket in the second quarter of 2014 to serve larger medical groups via both direct and indirect channels. On the partnership side, this was highlighted by CareCloud’s May announcement of joining forces with BBVA Compass, one of the nation’s largest commercial banks. The two companies will jointly sell and market their healthcare technology and financial services to BBVA Compass’ physician practice client base.
During the quarter, CareCloud also made significant strides to solidify its infrastructure for further growth. It announced the raise of $25.5 million in venture debt from Hercules Technology Growth Capital to help accelerate the expansion of CareCloud’s technology solution offerings. CareCloud also announced the hiring of Lee Horner as its new Chief Sales Officer. Mr. Horner brings over 20 years of experience leading sales, operations, and marketing within the software and cloud computing space. He is tasked with driving the company’s bookings growth, as well as managing CareCloud’s sales team and operations.
“The second quarter of 2014 saw CareCloud continue to grow at a rapid pace while also bringing new, innovative products to market – all in an effort to help medical practices streamline their operations and enhance clinical workflow,” said Albert Santalo, CareCloud’s Chairman and CEO. “The company also announced a number of large client wins as we continue to find success among sizeable groups that have previously lacked access to modern, scalable cloud technologies.”
In April, CareCloud officially began offering its new CollectiveIQ solution. CollectiveIQ is an automated billing rules platform that harnesses content from industry leaders in order to help medical practices increase collections and margins through faster, more accurate claims submissions. With CollectiveIQ’s rules built directly into CareCloud Central, the company’s cloud-based practice management solution, staff can proactively address billing issues without leaving their workflow or CareCloud’s intuitive interface.
Amid this growth, CareCloud continued its efforts in physician advocacy by announcing the findings of its second annual Practice Profitability Index (PPI) in May. This national survey of more than 5,000 physicians was designed to act as a voice to physician practices across the U.S. regarding issues that impact their financial and operations health. It uncovered important trends around practice profitability, areas of future investment and prospects for improving patient care.
CareCloud is the leading provider of cloud-based practice management, electronic health record (EHR), and medical billing software and services for medical groups. The company’s products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.
CareCloud is helping thousands of physicians to increase collections, streamline operations and improve patient care in over 48 states, and currently manages over $3 billion in annualized accounts receivables on behalf of its revenue cycle management clients. To learn more about CareCloud, please visit www.carecloud.com.
May. 3, 2016 09:45 PM EDT Reads: 276
May. 3, 2016 09:30 PM EDT Reads: 1,087
May. 3, 2016 09:00 PM EDT Reads: 1,183
May. 3, 2016 09:00 PM EDT Reads: 1,165
May. 3, 2016 08:45 PM EDT Reads: 1,264
May. 3, 2016 08:45 PM EDT Reads: 931
May. 3, 2016 08:30 PM EDT Reads: 1,218
May. 3, 2016 08:30 PM EDT Reads: 1,186
May. 3, 2016 08:15 PM EDT Reads: 968
May. 3, 2016 08:00 PM EDT Reads: 1,018
May. 3, 2016 08:00 PM EDT Reads: 1,300
May. 3, 2016 07:30 PM EDT Reads: 1,912
May. 3, 2016 06:45 PM EDT Reads: 1,190
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 3, 2016 06:30 PM EDT Reads: 723