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CareCloud (Nasdaq: MTBC, MTBCO, MTBCP) announced a surge in demand for its digital health solution, CareCloud Wellness, which includes remote patient monitoring (RPM) and chronic care management (CCM). These services enhance patient engagement, reduce hospital visits, and create revenue opportunities for healthcare providers. The company plans to expand these solutions beyond its existing client base. Furthermore, CareCloud will change its Nasdaq ticker symbol to CCLD on January 10, 2023.
CareCloud, a leader in healthcare technology solutions, will change its Nasdaq ticker symbol from MTBC to CCLD on January 10, 2023. Concurrently, the Series A and Series B Preferred Stock tickers will change from MTBCP to CCLDP and MTBCO to CCLDO, respectively. CareCloud's leadership, including CEO A. Hadi Chaudhry and CFO Bill Korn, will host investor meetings at the 41st Annual J.P. Morgan Healthcare Conference in San Francisco on January 10-11, 2023. Investors can arrange meetings through ICR Westwicke.
CareCloud (Nasdaq: MTBC, MTBCO, MTBCP) announced that Alpine Ear Nose and Throat PC has chosen its Meridian division's revenue cycle management (RCM) solution to enhance cash flow and administrative operations. Alpine, which operates three locations in Northern Colorado, sought a reliable RCM partner to address previous billing challenges. Meridian's technology provides essential data analytics for monitoring key performance indicators, aiding in operational efficiency and cash flow improvement. The collaboration aims to alleviate Alpine's administrative burdens and enhance revenue management.
CareCloud (Nasdaq: MTBC, MTBCO, MTBCP) has announced its sponsorship of the Association of Physicians of Pakistani Descent of North America (APPNA) 2022 winter meeting in Multan, Pakistan, from Dec. 22-25. This event expects around 150 Pakistani-born physicians, focusing on continuing medical education and networking. CareCloud aims to leverage its global workforce and technology to support U.S. physicians while enhancing economic relations between the U.S. and Pakistan. The company is positioned to utilize Pakistan's cost-efficient, educated workforce for revenue cycle management.
CareCloud (Nasdaq: MTBC, MTBCO, MTBCP) announced that the IT strategy developed by its medSR division has contributed to King’s Daughters Medical Center (KDMC) being awarded the 2022 Info-Tech CIO Award. This recognition highlights high stakeholder satisfaction, achieving a 94% satisfaction rate, significantly above the average of 70%. medSR's partnership with KDMC focuses on enhancing IT capabilities, demonstrating CareCloud's impact on operational success in healthcare technology solutions.
CareCloud leadership highlighted strengths and future opportunities at its first Analyst and Investor Day, emphasizing adaptability in the post-Covid healthcare sector. CEO Hadi Chaudhry outlined how their health IT solutions address prevalent provider challenges. Clients reported improved operational metrics and financial performance due to CareCloud's partnerships. Additionally, CareCloud announced a Nasdaq ticker symbol change from MTBC to CCLD, effective January 10, 2023, aligning its brand with its financial identity, as 84% of revenue now comes from technology-enabled solutions.
CareCloud (Nasdaq: MTBC, MTBCO, MTBCP) announced that Russell Medical Center has selected its medSR division to implement a new Meditech as a Service electronic health record (EHR) solution. The hospital, which has a five-star rating from CMS, aims to replace its legacy system with a more efficient EHR.
medSR will assist in both the selection and implementation processes, ensuring the smooth integration of the new system to enhance patient care and operational efficiency.
CareCloud (Nasdaq: MTBC, MTBCO, MTBCP) has announced its inaugural Analyst and Investor Day scheduled for December 12, 2022, from 1 to 3 p.m. EST via a live webcast. The leadership team will discuss their vision to enhance the healthcare industry through technology and operations.
Participants can expect insights from operational leaders, a client showcase, and a virtual tour of the largest offshore office. Registration is available online, and a replay will be accessible post-event.
CareCloud, a healthcare technology leader, announced that Cornerstone Specialty Hospitals West Monroe has selected its revenue cycle management (RCM) services. This partnership aims to enhance financial outcomes by integrating RCM solutions with existing systems, thus optimizing billing processes. The selection was influenced by recommendations from Cornerstone physicians familiar with CareCloud's offerings. CareCloud's RCM services promise reduced labor costs and improved revenue capture. The company has been recognized as one of the best medical billing services in 2022 by Tech Radar and business.com.
CareCloud, a leader in healthcare technology, has observed a notable rise in demand for automation solutions among U.S. medical practices due to workforce shortages exacerbated by the pandemic. With an estimated shortfall of up to 77,100 specialists by 2034, many practices are seeking technology-enabled solutions to alleviate operational burdens. CareCloud offers integrated services, digital health solutions, and robotic process automation to enhance workflows and patient care. These innovations aim to optimize performance and support healthcare providers during unprecedented challenges.
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