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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, Inc. announces that A.I.M. Health, an ambulatory care facility in Rhode Island, has chosen CareCloud's technology-enabled revenue cycle management. This collaboration allows A.I.M. Health to expand its service offerings and enter the primary care market. By leveraging CareCloud's RCM solution, A.I.M. Health aims to improve revenue management processes, streamline billing, and optimize revenue capture. A.I.M. Health will also benefit from integrating CareCloud's other talkEHR platform components, including practice management, electronic health records, telehealth, eRX, and eClaims.
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CareCloud, Inc. announces monthly cash dividends for its Series A and Series B Preferred Stock for September, October, and November 2023.
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CareCloud announces financial and operational results for Q2 2023. Revenue declines 21% to $29.4 million. GAAP net loss of $1.8 million. Adjusted net income of $1.4 million. Adjusted EBITDA of $3.8 million. Year-to-date revenue decreases 18% to $59.4 million. GAAP net loss of $2.2 million. Adjusted net income of $3.8 million. Adjusted EBITDA of $8.1 million. CareCloud expands into Middle East markets. Partnership with Google Cloud to integrate generative AI. Full year guidance updated with revenue of $120-$122 million and adjusted EBITDA of $15-$17 million.
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CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP) will release its Q2 2023 financial results on August 3, 2023, followed by an investor conference call. The live webcast and presentation slides can be accessed at ir.carecloud.com/events. An audio-only option is available. Replay and presentation slides will be available at the same link. Dial-in options for audio-only are also provided.
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CareCloud, Inc. sponsors Pakistan's 3rd Annual National Digital Health Conference, focusing on EHR implementation and telehealth integration. CareCloud will present on key topics and provide a live product demonstration of their advanced cloud-based EHR solution, CareCloud Charts.
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CareCloud, a leader in healthcare technology solutions, has been recognized in Healthcare Technology Report’s list of Power 500 Healthcare Technology Companies of 2023. CareCloud's president and CEO, Hadi Chaudhry, has also been selected as one of the Top 50 Healthcare Technology CEOs of 2023. The company offers cloud-based solutions that simplify administrative tasks and optimize revenue cycle management.
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CareCloud, Inc. will exhibit at the Association of Physicians of Pakistani Descent of North America (APPNA) Summer Convention 2023. CareCloud aims to revolutionize operational efficiency for healthcare providers with its cutting-edge revenue cycle solutions. The company offers advanced tools to analyze, track, and manage patient claims, allowing providers to focus on patient care. CareCloud also plans to expand into the Middle East/North Africa region.
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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
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Health Information Services
Services-prepackaged Software
United States of America
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