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CareCloud, Inc. 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock - CCLDO STOCK NEWS

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CareCloud, Inc. (CCLDO) is a healthcare information technology company offering cloud-based solutions and business services. With platforms like practice management, electronic health records, telehealth, patient experience management, and robotic processing automation, CareCloud empowers medical groups and health systems nationwide. Their focus on modern experience and flexible platform ensures higher performance and growth in the ever-evolving healthcare landscape.

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CareCloud announces financial and operational results for Q1 2023, with revenue of $30.0 million and adjusted net income of $2.4 million. The company experienced a decrease in revenue due to the migration of two large clients. CareCloud reiterates forward-looking guidance for 2023, with revenue expected to be $142-$146 million and adjusted EBITDA expected to be $24-$27 million.
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CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) recently received a favorable review from business.com for its electronic health record (EHR) system, Charts, scoring an impressive 8.9 out of 10.

The review praised Charts for its user-friendly interface, robust reporting and analytics, and high level of customization. CareCloud aims to empower healthcare providers with technology that enhances patient care and operational efficiency. The company offers various innovative solutions to improve medical practice management, including revenue cycle management (RCM).

CareCloud's EHR and technology-enabled services aim to streamline operations and boost financial performance for over 40,000 providers nationwide.

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CareCloud (Nasdaq: CCLD, CCLDO, CCLDP) is set to announce its financial results for the first quarter ended March 31, 2023, on May 4, 2023, before the market opens. An investor conference call will follow at 8:30 a.m. Eastern Time, with live access available via webcast. Investors can also utilize an audio-only option by calling 416-764-8658. A replay of the call will be available within an hour after its conclusion.

CareCloud specializes in healthcare technology solutions, offering services like revenue cycle management and electronic health records to improve operational performance and patient care. Over 40,000 providers use CareCloud’s solutions to streamline workflows and reduce administrative costs. For further details on their products, visit www.carecloud.com.

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CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) will exhibit its healthcare technology solutions at the American Alliance of Orthopaedic Executives Annual Conference from April 20-23, 2023, in Orlando. The company will showcase its customizable revenue cycle solutions designed to enhance interoperability, streamline clinical workflows, and address physician burnout. With the support of AI technologies, CareCloud aims to improve patient outcomes and satisfaction through advanced patient experience management tools and telemedicine capabilities. Key features at the booth will include CareCloud Central, CareCloud Charts, and CareCloud Concierge, focusing on productivity, patient care, and revenue optimization.

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CareCloud, a leader in healthcare technology, announced its selection by the Heart & Vascular Institute to implement its chronic care management (CCM) program. This initiative aims to empower patients with chronic conditions through personalized care plans, remote monitoring, and regular healthcare provider check-ins. The partnership, which builds on their existing relationship since 2012, seeks to enhance patient engagement, improve outcomes, and reduce hospitalizations. The CCM program is a part of CareCloud's digital health suite launched in April 2022, which also features remote patient monitoring (RPM). The adoption of these solutions is anticipated to boost the Institute's revenue without increasing staffing costs.

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CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) announced its participation in the HIMSS Global Health Conference from April 17-21, 2023, in Chicago. The company will showcase technology-enabled revenue cycle solutions tailored for healthcare providers. CareCloud emphasizes the importance of secure health information exchange and invests in advanced technologies to support patient-centered care, reducing in-person visit burdens on physicians.

Additionally, CareCloud's medSR division will exhibit consulting services aimed at optimizing workflows and financial operations for healthcare organizations. Hadi Chaudhry, CEO, and CFO Bill Korn will meet with investors during the conference.

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FAQ

What is the current stock price of CareCloud 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (CCLDO)?

The current stock price of CareCloud 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (CCLDO) is $12.459 as of November 1, 2024.

What services does CareCloud, Inc. offer?

CareCloud offers cloud-based solutions including practice management, electronic health records, telehealth, patient experience management, and robotic processing automation.

What is the focus of CareCloud's technology?

CareCloud's technology focuses on providing a modern experience and a flexible platform for medical groups and health systems.

What sets CareCloud apart from competitors?

CareCloud stands out for its award-winning design, enabling high-performing medical groups to use technology effectively in the new medical economy.

How does CareCloud support patient health?

CareCloud's solutions enable medical professionals to dedicate more time to patient health and deliver an excellent patient experience.

What is the key revenue generating segment of CareCloud?

The key revenue generating segment of CareCloud is Healthcare IT, offering a suite of cloud-based solutions and related services.

How can I contact CareCloud for more information?

For more information or inquiries, you can reach out to Norman Roth, the Interim Chief Financial Officer and Corporate Controller, or Bill Korn, the Investor Contact, at ir@carecloud.com.

Where can I follow CareCloud for updates?

Stay updated on CareCloud by following them on LinkedIn, Twitter, and Facebook.

What are the complementary software tools offered by CareCloud?

In addition to their core platforms, CareCloud provides revenue cycle management, healthcare consulting, implementation services, and on-demand workforce staffing capabilities.

How does CareCloud contribute to the healthcare industry?

CareCloud contributes to the healthcare industry by providing innovative cloud-based solutions that enhance performance and growth for medical groups and health systems.

What is the mission of CareCloud?

CareCloud is dedicated to providing physicians and patients with high levels of flexibility, security, and reliability through their advanced cloud technology solutions.

CareCloud, Inc. 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock

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