STOCK TITAN

CareCloud, Inc. 11% Series A Cumulative Redeemable Perpetual Preferred Stock - CCLDP STOCK NEWS

Welcome to our dedicated page for CareCloud 11% Series A Cumulative Redeemable Perpetual Preferred Stock news (Ticker: CCLDP), a resource for investors and traders seeking the latest updates and insights on CareCloud 11% Series A Cumulative Redeemable Perpetual Preferred Stock stock.

CareCloud, Inc. 11% Series A Cumulative Redeemable Perpetual Preferred Stock (symbol: CCLDP) is a healthcare information technology company that offers a full suite of cloud-based solutions and business services. Their Software-as-a-Service platforms include practice management, electronic health records, business intelligence, telehealth, patient experience management solutions, and robotic processing automation bots. They also provide revenue cycle management, healthcare consulting, implementation services, and on-demand workforce staffing for medical groups and health systems nationwide.

The company is dedicated to empowering medical groups of all sizes with flexible, secure, and reliable technology to enhance performance and growth. CareCloud is known for its innovative design and modern user experience, enabling healthcare professionals to focus on patient care and deliver exceptional patient experiences.

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.02%
Tags
partnership
-
Rhea-AI Summary

CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) announced cash dividends for its 11% Series A and 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock for March, April, and May 2023. This marks the 91st consecutive month of declared dividends since the Series A was launched in November 2015. The Series A dividend is $0.22917 per share, with a record date of March 31, 2023 and payment on April 17, 2023. The Series B dividend amount is $0.18229 with similar record and payment dates. The company continues to deliver consistent income to shareholders amidst market conditions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
dividends
-
Rhea-AI Summary

CareCloud, Inc. reported its financial results for the year ended December 31, 2022, showcasing a revenue of $138.8 million, a slight decrease from $139.6 million in 2021. The company achieved a record GAAP net income of $5.4 million, up from $2.8 million the prior year. Adjusted net income was $16.3 million, or $1.07 per share, compared to $18.5 million in 2021. Despite a 13% revenue decline in Q4 2022 at $32.5 million, CareCloud's adjusted EBITDA was stable at $5.7 million. The company aims to build on its momentum in 2023 with new product launches.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
Tags
none
Rhea-AI Summary

CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO) has announced that its electronic health record (EHR) system, talkEHR, has been recognized by Google as Chrome Enterprise Recommended. This designation underscores CareCloud's focus on providing secure and reliable healthcare technology solutions.

talkEHR offers a cloud-based platform with features such as user-friendly interfaces, mobile access, and streamlined administrative tasks, enabling healthcare providers to enhance patient care and optimize workflow. The recognition from Google indicates that talkEHR meets strict security and operational standards, being compatible with the ChromeOS ecosystem.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.51%
Tags
none
-
Rhea-AI Summary

CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) has been selected by Interstate Health Systems (IHS) to enhance their healthcare services for mobile employees and travelers, particularly truck drivers. IHS aims to create a nationwide healthcare network, addressing the unique needs of this underserved demographic. CareCloud's scalable platform will support IHS in managing patient records and optimizing administrative processes. The partnership includes CareCloud's Revenue Cycle Management (RCM) solution, Concierge, which utilizes AI to improve efficiency. This collaboration aims to revolutionize healthcare access for mobile individuals across the U.S.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
none
-
Rhea-AI Summary

CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) announced its participation at the AAOS 2023 Annual Meeting from March 7-11 in Las Vegas. The company will showcase its extensive healthcare technology solutions including practice management, electronic health records, and revenue cycle management. Karl Johnson highlighted the complexities of orthopaedic billing and CareCloud's capability in managing denied claims and providing prior authorization support. CareCloud's solutions like CareCloud Concierge, CareCloud Charts, and CareCloud Central aim to enhance operational efficiency and improve patient care, addressing the unique needs of healthcare providers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
none
Rhea-AI Summary

CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) announced an increased secured line of credit from Silicon Valley Bank to $25 million, extended until October 13, 2025. This financial backing supports the company's efforts to grow and innovate within the digital healthcare sector. Since 2017, CareCloud has achieved a 34% compound annual growth rate in revenues and a 58% increase in adjusted EBITDA, while maintaining a virtually debt-free balance sheet. The funding is intended for general corporate purposes and growth initiatives as CareCloud continues to enhance its technology-enabled solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
-
Rhea-AI Summary

CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) is set to showcase its digital health solutions at the American Telemedicine Association (ATA) Annual Conference from March 4-6, 2023. The company has established itself as a leader in digital health through the introduction of CareCloud Wellness, a suite designed to modernize healthcare delivery. This includes services for chronic care management and remote patient monitoring, allowing for proactive patient engagement. By integrating with CareCloud LIVE, a HIPAA-compliant telehealth platform, CareCloud aims to enhance patient outcomes and access to care while addressing traditional healthcare inefficiencies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
none
-
Rhea-AI Summary

CareCloud (Nasdaq: CCLD, CCLDO, CCLDP) will announce its financial results for Q4 and the full year ending December 31, 2022, on March 2, 2023. The results will be released before the market opens, followed by a conference call for investors at 8:30 a.m. ET. The call will be accessible via a live webcast on the company’s investor relations page. A replay will be available shortly after the conclusion of the call. CareCloud continues to innovate in healthcare technology, assisting over 40,000 providers with solutions that enhance patient care and operational efficiency.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
Tags
none
Rhea-AI Summary

CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) announced the integration of Medicomp Systems’ Quippe Clinical Data Engine into its electronic health record platforms. This integration aims to provide real-time, patient-specific data to healthcare providers, enhancing clinical workflows and reducing physician burnout. The Quippe system offers a comprehensive view of patients' health conditions, improving care delivery efficiency. CareCloud also plans to release a therapy-focused version of talkEHR in early 2023, which will further enhance its service offerings in the healthcare technology space.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags

FAQ

What is the current stock price of CareCloud 11% Series A Cumulative Redeemable Perpetual Preferred Stock (CCLDP)?

The current stock price of CareCloud 11% Series A Cumulative Redeemable Perpetual Preferred Stock (CCLDP) is $11.835 as of November 1, 2024.

What services does CareCloud offer?

CareCloud provides practice management, electronic health record, business intelligence, telehealth, patient experience management solutions, and robotic processing automation bots, along with revenue cycle management and other business services.

What are the key segments of CareCloud's operations?

The key segments of CareCloud are Healthcare IT and Practice Management, with Healthcare IT being the primary revenue-generating segment.

How does CareCloud support medical groups and health systems?

CareCloud empowers medical groups and health systems with flexible cloud-based technology, secure connectivity, and reliable solutions to drive performance and growth.

What sets CareCloud apart in the healthcare technology industry?

CareCloud is recognized for its award-winning design, innovative user experience, and modern technology that help medical groups compete in the evolving healthcare landscape.

What are some of the unique features of CareCloud's platforms?

CareCloud's platforms offer intuitive design, powerful apps, and services that streamline workflows and enhance patient care, leading to better patient health outcomes and improved experiences.

How does CareCloud ensure the security and reliability of its cloud platform?

CareCloud is dedicated to providing the highest levels of security, flexibility, and reliability to physicians and patients, ensuring data protection and system performance.

What additional services does CareCloud offer to medical groups?

In addition to software platforms, CareCloud provides complementary services such as healthcare consulting, implementation services, and on-demand workforce staffing to support high-performance medical groups.

How can medical groups benefit from CareCloud's solutions?

Medical groups of all sizes can benefit from CareCloud's cloud-based solutions by improving efficiency, enhancing patient care, increasing performance, and driving growth in their practices.

How can investors get in touch with CareCloud?

Investors can contact CareCloud through the provided Investor Contact email address: ir@carecloud.com.

What social media platforms can I follow CareCloud on?

You can follow CareCloud on LinkedIn, Twitter, and Facebook to stay updated with their latest news and insights.

What is the significance of CareCloud's 11% Series A Cumulative Redeemable Perpetual Preferred Stock (symbol: CCLDP)?

The 11% Series A Cumulative Redeemable Perpetual Preferred Stock (symbol: CCLDP) represents a financial instrument that provides investors with a fixed dividend rate and perpetual ownership interest in CareCloud.

How does CareCloud contribute to the healthcare industry?

CareCloud contributes to the healthcare industry by offering innovative technology solutions, cloud-based platforms, and business services that empower medical groups to deliver better patient care, compete effectively, and drive growth in the new medical economy.

CareCloud, Inc. 11% Series A Cumulative Redeemable Perpetual Preferred Stock

Nasdaq:CCLDP

CCLDP Rankings

CCLDP Stock Data

4.53M
23.38%
Health Information Services
Services-prepackaged Software
Link
United States of America
SOMERSET