CareCloud and KabaFusion Partner to Transform Patient Care Through Innovative Healthcare Technology Solutions

Rhea-AI Summary

CareCloud announced a strategic partnership with KabaFusion to enhance KabaFusion's financial performance through improved revenue cycle management (RCM). This collaboration aims to streamline processes, reduce denials, and increase revenue capture. KabaFusion, a leader in specialty infusion services, specializes in therapies for patients with complex medical conditions, operating across 40 states with a dedicated team. CareCloud offers over 20 years of RCM expertise, providing technology-driven solutions to boost revenue and enhance patient experience. The partnership is seen as a significant opportunity to improve patient outcomes through innovation.

Positive

• Strategic partnership with KabaFusion focusing on revenue cycle management.
• KabaFusion's established reputation in specialty infusion services supports collaboration.
• CareCloud's 20 years of RCM experience can enhance KabaFusion's operational efficiency.

Negative

• None.

SOMERSET, N.J., March 06, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced a partnership with KabaFusion aimed at further optimizing the financial performance of the home-infusion provider through revenue cycle management. This partnership will leverage CareCloud's RCM experience to streamline processes, reduce denials, and increase revenue captured for KabaFusion.

KabaFusion's impressive growth and successful acquisitions have established the company as one of the leading providers of specialty infusion services. As a pharmacist-owned home infusion company, KabaFusion specializes in providing high-quality infusion therapies to patients with complex medical needs. This primarily includes intravenous immune globulin (IVIG) to patients with chronic and acute medical conditions, such as immunodeficiency diseases, neuromuscular diseases, and nutritional deficiencies. Their service capabilities span over 40 states and include a network of licensed pharmacists, registered nurses, and dietitians who work closely with patients and their physicians to develop individualized treatment plans.

With more than 20 years of experience in revenue cycle management, CareCloud offers technology-enabled tools and an efficient workforce extension solution to provide cost-effective resources for healthcare providers. By using CareCloud's services, healthcare providers can increase their revenue, streamline operations, and improve the patient experience.

"This collaboration with CareCloud marks another milestone in our ongoing mission to revolutionize patient outcomes through technology and innovation," said Dr. Sohail Masood, chief executive officer of KabaFusion. "We are excited about the potential of this strategic opportunity."

Hadi Chaudhry, president and chief executive officer of CareCloud, echoed these sentiments, stating that the partnership presents tremendous opportunities for both CareCloud and KabaFusion. "With our knowledge and experience in revenue cycle management and the home healthcare industry, we are excited to work closely with KabaFusion and further develop this exciting collaboration."

For more information about CareCloud's comprehensive suite of technology-enabled services and solutions, visit carecloud.com/solutions.

About CareCloud
CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) brings disciplined innovation to the business of healthcare. Our suite of 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 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 www.carecloud.com.

Follow CareCloud on LinkedIn, Twitter and Facebook.

SOURCE CareCloud

Company Contact:
Bill Korn
Chief Financial Officer
CareCloud
bkorn@carecloud.com

Investor Contact:
Asher Dewhurst
ICR Westwicke
CareCloudIR@westwicke.com

Media Inquiries:
Alexis Feinberg
ICR Westwicke
CareCloudPR@westwicke.com

FAQ

What is CareCloud's partnership with KabaFusion about?

CareCloud has partnered with KabaFusion to optimize its financial performance through improved revenue cycle management.

How will the partnership benefit KabaFusion?

The partnership aims to streamline operations, reduce denials, and increase revenue capture for KabaFusion.

What services does KabaFusion provide?

KabaFusion specializes in home infusion therapies, primarily intravenous immune globulin (IVIG) for patients with complex medical needs.

What is CareCloud's experience in revenue cycle management?

CareCloud has over 20 years of experience in revenue cycle management, offering technology-driven solutions to healthcare providers.

What is the significance of this partnership for CareCloud's stock (CCLD, CCLDP, CCLDO)?

This partnership could enhance CareCloud's growth potential and revenue opportunities, positively impacting its stock performance.