CareCloud’s Meridian Division Revenue Cycle Management Solution Selected by Alpine to Support Back-Office Operations and Improve Cash Flow

Rhea-AI Summary

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.

Positive

• Alpine selected Meridian for its proven medical billing experience.
• Meridian's RCM solution aims to streamline billing processes and improve cash flow.
• The partnership will leverage advanced data analytics for better decision-making.

Negative

• None.

SOMERSET, N.J., Dec. 28, 2022 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: MTBC, MTBCO, MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced Alpine Ear Nose and Throat PC has selected CareCloud’s Meridian division’s revenue cycle management solution to support its administrative operations and improve cashflow for the Colorado-based practice.

With three locations serving Northern Colorado, Alpine offers general ear, nose and throat (ENT) services, audiology, allergy and vestibular therapy, as well as facial plastics. Alpine selected Meridian through trusted referrals that endorsed Meridian’s medical billing experience and prior success in streamlining processes, eliminating coding errors, and improving service-level agreements.

Meridian’s end-to-end RCM is supported through market-leading technology and provides data analytics to help practices track powerful key performance indicators and improve their decision-making. As a member of the CareCloud family with integrated business intelligence and operational management tools, Meridian offers powerful solutions to manage the business side of a medical practice more efficiently. It helps providers increase cash flow, reduce days in aged receivables, improve work efficiencies and keep back-office functions current, so providers can focus on care delivery. With flexibility and various resources, Meridian can also quickly address operational and technology needs as they arise.

“Alpine had never outsourced their billing operations before, so they wanted an RCM solution they could trust to improve their back-end operations without adding stress,” said Crystal Williams, Meridian’s vice president of operations. “The coding education offered through Meridian’s RCM, paired with its ability to enhance and streamline administrative tasks, removed the anxiety that comes with making this kind of decision. We’re looking forward to working with Alpine to improve their key performance indicators and maximize their revenue.”

A subsidiary of CareCloud, Meridian not only offers RCM, but also delivers advanced healthcare information technology solutions and services to thousands of healthcare providers nationwide. Learn more about how Meridian can help providers navigate the complex and ever-changing healthcare systems of today at m3meridian.com.

About CareCloud

CareCloud (Nasdaq: MTBC, MTBCO, 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 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.

Follow CareCloud on LinkedIn, Twitter and Facebook.

SOURCE CareCloud

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

Investor Contact:
Asher Dewhurst
ICR Westwicke
CareCloudIR@westwicke.com

Media Inquiries:
Alexis Feinberg
ICR Westwicke
CareCloudPR@westwicke.com

FAQ

What is CareCloud's latest announcement regarding Alpine Ear Nose and Throat PC?

CareCloud announced that Alpine Ear Nose and Throat PC has selected its Meridian division's revenue cycle management solution to improve cash flow and administrative operations.

How does Meridian's RCM solution help Alpine Ear Nose and Throat PC?

Meridian's RCM solution aids Alpine by streamlining billing processes, enhancing cash flow, and providing data analytics for monitoring key performance indicators.

What are the stock symbols for CareCloud?

CareCloud is listed under the stock symbols MTBC, MTBCO, and MTBCP.

What services does CareCloud's Meridian division provide?

Meridian provides revenue cycle management, advanced healthcare IT solutions, and operational support to medical practices.

When did CareCloud make this announcement about Alpine?

CareCloud announced the partnership with Alpine Ear Nose and Throat PC on December 28, 2022.