CareCloud breaks new ground with integration of consulting and on-demand revenue cycle management staffing services

Rhea-AI Summary

CareCloud (Nasdaq: MTBC, MTBCP) announces the successful launch of its medSR division, aimed at providing comprehensive consulting services to healthcare groups. medSR has already signed its first client, demonstrating its capability to assist in technology planning and operational performance. CEO Jerry Howell highlights the value of combining medSR's expertise with CareCloud’s extensive resources, aiming to enhance client success in an evolving healthcare landscape. The collaboration focuses on staffing, technology integration, and business operations, marking a positive step for both entities.

Positive

• Launch of medSR division enhances CareCloud's consulting capabilities.
• medSR signed its first client, illustrating immediate market demand.
• The collaboration offers comprehensive end-to-end support for healthcare organizations.

Negative

• None.

SOMERSET, N.J., Aug. 12, 2021 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in cloud-based healthcare technology and revenue cycle solutions, is proud to announce that its newly formed medSR division is already proving to be an integral partner to medical groups needing the right mix of people, processes and technology to optimize performance.

medSR is a subsidiary of CareCloud that offers in-depth knowledge and experience in planning and executing transformational projects, providing a full suite of consulting solutions that address clients’ biggest technology and staffing challenges across business intelligence, analytics, technology planning and transformation, interoperability, integration, regulatory compliance, and performance improvement.

medSR recently marked a significant milestone in signing its first new client to integrate its consulting services with CareCloud Force, a service to extend administrative and back-office support functions. This collaboration illustrates the comprehensive engagement that medSR is able to offer healthcare organizations that need assistance developing and implementing the strategies to not just survive but to build sustainable, successful businesses. This work also demonstrates the value enterprise groups place on having a partner that is able to provide end-to-end support with staffing, technology, and services across financial, clinical, and business operations.

“Our thesis with the acquisition of Santa Rosa Staffing and MedMatica by CareCloud was that our proven processes, domain knowledge, and long-standing health system relationships, coupled with CareCloud’s depth and scale, would broaden our ability to provide value for clients with varied and evolving needs across their businesses,” said Jerry Howell, CEO, medSR. “We are delighted to see our shared vision come to life within the first two months of bringing our combined teams and new capabilities on board while being able to have an even bigger impact on our clients’ success.”

About medSR

medSR, a subsidiary of CareCloud, provides industry-leading consulting services to help its clients confidently navigate the increasing pressures of the healthcare industry. Through a deep and diversified team, medSR helps guide academic institutions, health systems, community hospitals, and medical practices, through their entire technology transformation journey from systems selection and end-user training to revenue cycle optimization and beyond.

Learn more about medSR’s solutions including IT strategic planning, vendor agnostic EHR selection services, on-demand staffing, implementation optimization, go-live support, and revenue cycle management (RCM) process improvement at www.medsr.com.

About CareCloud
CareCloud (Nasdaq: MTBC) (Nasdaq: MTBCP) brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, telehealth and patient experience management (PXM) at www.carecloud.com.

For additional information, please visit our website at www.carecloud.com

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SOURCE CareCloud

Company Contact:

Bil Korn

Chief Financial Officer

CareCloud

bkorn@carecloud.com

Investor Contact:

Matt Kreps

Managing Director

Darrow Associates Investor Relations

mkreps@darrowir.com

FAQ

What is CareCloud's new medSR division?

medSR is a subsidiary that provides consulting services, focusing on technology and staffing solutions for healthcare organizations.

When was medSR launched?

medSR was launched recently and has already signed its first client within the first two months of operation.

What services does medSR offer?

medSR offers consulting services including technology planning, staffing solutions, and business performance improvement.

What is the significance of the first client signed by medSR?

Signing its first client demonstrates medSR's immediate impact and market validation within the healthcare consulting sector.

How does medSR benefit CareCloud's overall business strategy?

medSR allows CareCloud to provide comprehensive support to healthcare organizations, combining expertise in staffing and technology integration.