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Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) is a leading global provider of secure, digital cloud faxing and interoperable digital cloud technology solutions. Founded over 20 years ago, Consensus has evolved from offering simple digital documents to advanced healthcare-standard HL7/FHIR solutions for HIPAA-secure data transport. The company employs cutting-edge natural language processing (NLP) and artificial intelligence (AI) to transform unstructured documents into meaningful structured data.
Consensus Cloud Solutions provides a comprehensive interoperability suite that includes real-time event notifications, on-demand patient queries, direct secure messaging, universal APIs, electronic signatures, and HITRUST CSF® certified digital cloud faxing. Additionally, the company's top-tier solutions optimize workflows within a unified digital environment, enhancing productivity and information accuracy.
Recently, Consensus launched Clarity Clinical Documentation™ (Clarity CD™), a solution that automatically routes unstructured clinical data from various sources into the correct patient records. Leveraging NLP and AI, Clarity CD populates key patient demographics into structured Continuity of Care Documents (CCDs) and integrates seamlessly with existing systems via Direct Secure Messaging. This innovation supports healthcare providers by improving data accuracy, reducing staff workload, and securing patient information.
At the 2024 HIMSS conference, Consensus will showcase its advanced solutions, including eFax Corporate® and Consensus Clarity, which enhance workflows by converting unstructured data into structured content ready for direct processing into Electronic Health Records (EHRs). The company's presence at the conference underscores its commitment to modernizing fax workflows and enhancing healthcare communication.
Consensus Cloud Solutions generates significant revenue from the United States and serves a diverse array of industries, including healthcare, finance, insurance, real estate, and manufacturing, as well as state and federal government entities. By facilitating secure information delivery through its scalable Software-as-a-Service (SaaS) platform, Consensus empowers organizations to efficiently access, exchange, and utilize information across various boundaries.
For more information, visit consensus.com or follow @ConsensusCS on Twitter.
Consensus Cloud Solutions (NASDAQ: CCSI), a leader in digital cloud fax technology, has been awarded the 2024 CSO Award by Foundry's CSO. This honor recognizes the company's Compliance 365 security project for its exceptional business value and thought leadership in security initiatives. Chief Technology Officer Jeffrey Sullivan lauded the team’s dedication to innovation and excellence in cybersecurity. This award follows other significant achievements, including eFax Corporate® and jSign® earning HITRUST r2 certification, SOC 2 Type II certification, PCI-DSS compliance, and HIPAA compliance. The CSO Awards ceremony will be held on October 21-23, 2024, at We-Ko-Pa Casino & Resort in Fort McDowell, Arizona.
Consensus Cloud Solutions' CTO, Jeffrey Sullivan, has been elected Chair of DirectTrust's Interoperable Secure Cloud Fax Consensus Body. The group aims to create a new ANSI standard to enhance fax protocols, facilitating seamless integration with healthcare systems. Sullivan’s election acknowledges his expertise in healthcare technology and secure data exchange. DirectTrust, a non-profit organization, initiated this effort to improve interoperability without disrupting existing infrastructure. Sullivan's leadership is expected to drive the development of standards that will enhance healthcare information exchange.
Consensus Cloud Solutions (NASDAQ: CCSI) is set to participate in the Goldman Sachs 45th Annual Global Healthcare Conference on June 13, 2024. The event will be held at the Loews Miami Beach Hotel, and CCSI's presentation is scheduled for 8:00 AM EDT. A webcast of the presentation will be available online.
Consensus Cloud Solutions (NASDAQ: CCSI) announces its participation in the Jefferies Global Healthcare Conference on June 5th, 2024, at the Marriott Marquis in New York City. The company will present from 9:30-9:55 AM ET, providing stakeholders an opportunity to hear about its latest developments and strategies. A webcast of the presentation will be available online for those unable to attend in person.
Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) reported strong financial results for Q1 2024, with record GAAP net income/EPS and non-GAAP net income/non-GAAP EPS. Despite a decrease in revenues, the company achieved a 54.5% EBITDA margin and a 21% increase in free cash flow year over year. Debt repurchase program lowered net debt-to-EBITDA ratio to 3.2. Adjusted EBITDA, non-GAAP net income, and non-GAAP EPS all showed significant growth compared to Q1 2023. The company reaffirmed its full-year 2024 guidance and provided guidance for Q2 2024.
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