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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 reaffirms its fiscal year 2023 guidance with expected revenue of $120-122 million and adjusted EBITDA of $15-17 million. The company highlights its stable core business, contract wins, and advancements in AI technology as a solid foundation for future growth. CareCloud emphasizes its stable financial position with a $25 million line of credit and consistent dividend payments. Overall, CareCloud is well-positioned for success in the healthcare technology sector.
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CareCloud celebrates a 10-year partnership with Delaney Radiology, highlighting the benefits of their release of information program. The program has streamlined medical records processes, saving time and labor costs for Delaney Radiology. CareCloud's ROI division handles all aspects of medical records requests, allowing Delaney Radiology's staff to focus on core responsibilities. The program incurs no costs for the healthcare practice and reduces risk exposure for protected health information. Delaney Radiology expresses satisfaction and recommends CareCloud to others.
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CareCloud highlights strategic partnership with U.S. Physiatry, resulting in improved healthcare services and optimized operations. USP relies on CareCloud's technology-enabled RCM services. Partnership has led to efficient billing and collections, streamlined operations, record patient collections, industry expertise, and technological advancements. Collaboration has improved communication, RCM processes, and efficiency for USP. Shared commitment to high-quality healthcare services and operational efficiencies.
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CareCloud's chief strategy officer and chief financial officer will be presenting at upcoming investor conferences, providing insights into the company's financial performance and strategic advancements.
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CareCloud, Inc. announces participation in HBMA 2023 Fall Revenue Cycle Management Conference, showcasing its RCM solutions and workforce extension service, CareCloud Force.
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CareCloud successfully integrates talkEHR platform at Sympathy Health Clinic, enhancing patient care and practice management capabilities.
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CareCloud sponsors the 7th Annual Gulfcoast Orthopaedic Rehabilitation Conference, emphasizing their commitment to driving innovation in healthcare technology and improving patient outcomes.
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CareCloud president Karl Johnson to present at Becker's Health IT + Digital Health + RCM event on workforce extension in revenue cycle management
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CareCloud's president and CEO, Hadi Chaudhry, has been recognized as one of the Top 10 Most Influential HealthTech Leaders of 2023 by Mirror Review. This validates CareCloud's commitment to driving innovation and positive change in the healthcare technology industry.
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CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP) announced that its Chief Strategy Officer and Chief Financial Officer will be participating in the Sidoti Virtual Investor Conference on August 16-17, 2023. They will present on August 17 at 10:45 a.m. EDT and will be available for one-on-one meetings. Investors can contact Bridget Forde at CareCloudIR@westwicke.com to arrange a meeting. The presentation replay will be available on CareCloud’s investor relations site at ir.carecloud.com/events.
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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 $12.071 as of November 4, 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
Nasdaq:CCLDO
CCLDO Rankings
CCLDO Stock Data
1.48M
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Health Information Services
Services-prepackaged Software
United States of America
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