Welcome to our dedicated page for Healthcare Triangle news (Ticker: HCTI), a resource for investors and traders seeking the latest updates and insights on Healthcare Triangle stock.
Healthcare Triangle Inc (HCTI) provides healthcare IT solutions through cloud services, data science, and digital transformation platforms. This page aggregates official company news and analysis for stakeholders tracking its role in modernizing healthcare infrastructure.
Access timely updates on earnings reports, regulatory compliance milestones, and strategic partnerships. Investors will find press releases detailing product launches, managed service expansions, and initiatives supporting hospitals, payors, and life sciences organizations.
All content is curated to meet investor needs for decision-ready information while maintaining strict compliance with financial disclosure standards. Bookmark this page for centralized access to HCTI’s latest developments in healthcare interoperability and secure data management solutions.
Healthcare Triangle (Nasdaq: HCTI) will join CalvertHealth at HIMSS23 in Chicago from April 17-21, 2023, to present on EHR resiliency using HCTI and AWS solutions. Notably, Mike Preston from HCTI will collaborate with CalvertHealth's CIO, Benjamin Cox, for a presentation titled “Journey to Health Innovation” on April 19 at 3:30 PM CST.
HCTI's COO, Roy Sookhoo, highlighted that transitioning to the public cloud is essential for modernizing healthcare organizations. The partnership with CalvertHealth utilizes HCTI's HITRUST-certified Data EHR Resiliency solution alongside AWS's Elastic Disaster Recovery to enhance security and performance.
HCTI is recognized as a “Premier Consulting Partner” and one of the “Top-10 Healthcare Solutions Partners” for AWS, emphasizing its commitment to innovation in healthcare technology.
Healthcare Triangle, Inc. (HCTI) announced the closing of a private placement, selling 769,231 shares of common stock at $0.65 per share, raising $500,000 in gross proceeds. The net proceeds will be utilized for working capital to support the company’s digital transformation initiatives in the healthcare sector. CFO Thyagarajan Ramachandran stated that this funding will bolster innovation and development of tools aimed at enhancing healthcare progress. However, the shares sold have not been registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption.
Healthcare Triangle, Inc. (Nasdaq: HCTI) has announced a multi-year subscription agreement with CalvertHeath for its document automation solution, readabl.ai. This AI-driven technology aids in improving workflow efficiency by automating the processing of patient care documents while ensuring compliance with HIPAA and HITRUST standards. The integration of advanced document capture and analysis capabilities enhances data processing speeds, enabling healthcare providers to focus more on patient care. This partnership exemplifies HCTI's strategy of customer retention and expansion through innovative solutions.
Healthcare Triangle, Inc. (HCTI) has secured a $3 million agreement to provide Cloud DevOps Managed Services for a leading oncology company. The partnership aims to enhance the customer’s enterprise cloud platform and DevOps operations, promoting efficiency in operations through automation and standardization. HCTI’s HITRUST-certified services are designed to facilitate secure, compliant, and scalable cloud solutions. This agreement reinforces HCTI's position in the Cloud DevOps space, amid increasing demand from life sciences firms transitioning to cloud technologies to enhance operational efficiency and reduce costs.
Healthcare Triangle, Inc. (HCTI) reported a remarkable 30% increase in annual revenue, totaling $46 million for 2022, largely fueled by the successful integration of the Devcool acquisition and growth in software services. In Q4 2022, revenues were $11.3 million, up 23% from the previous year. However, the company faced operational losses, with a GAAP loss from operations of $9.6 million for the full year, an increase from $5.9 million in 2021. Investments in sales, marketing, and R&D contributed to these losses. The firm secured key contracts in cloud and managed services, enhancing its market position in the healthcare sector.
Healthcare Triangle (Nasdaq: HCTI) announced its participation in ViVE 2023, held March 26-29 in Nashville, Tennessee. This event gathers leaders from digital healthcare sectors. HCTI will host a “Tech Talk” with Melissa Hall, Chief Nursing Officer at CalvertHealth, on March 27, showcasing their HITRUST Certified Data EHR Resiliency Solution. This solution significantly reduced CalvertHealth’s disaster recovery time from 72 hours to under 2 hours. HCTI's leadership emphasizes operational efficiency and cost-effectiveness through digital transformation solutions, reinforcing their commitment to enhancing healthcare outcomes.
