CareCloud Reinvents its Healthcare Analytics and Business Intelligence Platform, PrecisionBI

Rhea-AI Summary

CareCloud (Nasdaq: MTBC, MTBCP) has announced the release of PrecisionBI version 7, a significant upgrade to its healthcare analytics platform. This version is now fully cloud-based, enhancing scalability and accessibility for over 20,000 providers. The re-engineering includes a transition to a SaaS architecture and improved API capabilities. CareCloud aims to empower health systems and practices with data-driven insights, fostering better decision-making and performance improvements.

Positive

• Launch of PrecisionBI version 7 enhances scalability and accessibility for clients.
• Transition to cloud-based SaaS architecture improves platform performance.
• Access to data-driven insights for over 20,000 providers supports better business decisions.

Negative

• None.

PrecisionBI is now a scalable, cloud-based SaaS technology that extends platform accessibility

SOMERSET, N.J., Jan. 12, 2022 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced the release of PrecisionBI (PBI) version 7, which represents a fundamental platform upgrade to support existing clients and drive additional growth. With this release, PBI – CareCloud's healthcare analytics and business intelligence platform – is now fully cloud-based, far more scalable, and both browser and platform agnostic.

“Today, more than 20,000 providers use PBI to consolidate their financial, clinical, and business data in order to make better business decisions,” said Hadi Chaudhry, President and CEO, CareCloud. “With this new, critical release, PBI is even better positioned to support our existing health system clients and we’re poised to further extend our platform, in the near future, to the independent practice market segment. We believe that healthcare systems and practices perform better when their business decisions are data-driven, and PBI empowers our diverse and growing customer base with the critical data and intelligence they need.”

In version 7, PBI has been re-engineered to run on a unified, cutting-edge SaaS-based technology using Angular JS and Microsoft .NET. Also, service oriented architecture (SOA) has been adopted to enable more scalable, manageable and robust API calls.

“With this update, PBI, a technology we acquired in 2020, is brought fully to the cloud,” said Adeel Sarwar, Chief Technology Officer, CareCloud. “What’s most exciting about this update is that PBI is now a pure SaaS solution that is platform and browser agnostic, meaning our clients can access PBI using any system and browser they prefer. This update was not just critical for the continued growth of our solution, but has enhanced the extensibility, scalability, cross-browser and cross-platform support, testability, and accessibility of our product.”

CareCloud is proud to provide healthcare leaders with a solution that helps them understand and leverage their data; helping them boost profitability, simplify decision making, and enhance performance. To learn more about the PBI, visit https://www.carecloud.com/healthcare-analytics-software/

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.

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SOURCE CareCloud

Company Contact:
Bill Korn
Chief Financial Officer
CareCloud
bkorn@carecloud.com

Investor Contact:
Matt Kreps
Managing Director
Darrow Associates Investor Relations
mkreps@darrowir.com

Media Inquiries:
Kaitlyn Mode
Corporate Communications Manager
CareCloud
kmode@carecloud.com

FAQ

What is PrecisionBI version 7 released by CareCloud?

PrecisionBI version 7 is a cloud-based healthcare analytics platform designed to enhance scalability and accessibility for healthcare providers.

How many providers use PrecisionBI from CareCloud?

More than 20,000 providers use PrecisionBI to consolidate their financial and clinical data.

What are the main features of the new PrecisionBI version 7?

The main features include cloud-based architecture, improved scalability, and platform/browser agnosticism, allowing access from various systems.

How does PrecisionBI support healthcare decision making?

PrecisionBI empowers healthcare leaders with critical data and analytics to make informed, data-driven business decisions.

What is CareCloud's focus in healthcare technology?

CareCloud focuses on providing technology-enabled solutions that enhance financial and operational performance while simplifying clinical workflows.