CareCloud Wellness Brings Providers Next Generation Chronic Care Management Services

Rhea-AI Summary

CareCloud (Nasdaq: MTBC, MTBCO, MTBCP) has launched its new CareCloud Wellness solution for chronic care management, currently engaging clients in 12 states and nine specialties, including internal medicine and behavioral health. The service enhances patient care and supports revenue growth via government CCM incentives. The adoption rate has surpassed that of Q2 2022, indicating strong demand. CareCloud aims to leverage real-time data to improve healthcare delivery, with 92% of providers expressing the need for digital transformation to enhance patient experience.

Positive

• CareCloud Wellness adoption in Q3 is higher than Q2.
• New clients across various specialties indicate increased demand.
• CareCloud Wellness aligns with value-based healthcare models, enhancing patient care and reimbursement opportunities.

Negative

• None.

 CareCloud initially launches turnkey solution with providers in 10 states, eight healthcare specialties

SOMERSET, N.J., Aug. 29, 2022 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: MTBC, MTBCO, MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, has begun deploying its new CareCloud Wellness offering for chronic care management (CCM) to a variety of clients. Since the start of Q2 2022, clients in 12 states, including New York, Washington and Florida, and in nine different practice specialties, ranging from internal medicine, endocrinology to behavioral health have signed up for CareCloud Wellness. Clients utilize CareCloud Wellness to provide software-enabled, CCM services to patients through CareCloud’s expanding suite of digital health solutions to help providers enhance patient care and revenue streams.

“The digital health industry is on the cusp of creating the next generation of healthcare with access to real-time data, which enables provider-driven care across a broader range of patient conditions,” said CareCloud CEO and President Hadi Chaudry. “CareCloud’s suite of technology for managing patient care helps our clients jump to this next generation of healthcare. CareCloud Wellness adoption so far in Q3 is already higher than during all of Q2, highlighting the enthusiasm we are seeing from our clients. The number of new CareCloud Wellness clients across a range of specialties is evidence of this trend.”
 
Ninety-two percent of healthcare providers say they want to improve patient experience through digital transformation. CareCloud Wellness is a new, elective digital health program that boosts care for high-risk patients with multiple chronic conditions. This service supports today’s value-based healthcare models, allowing practices to enhance patient care while generating additional reimbursement through participation in the government’s new CCM incentive program.

“CareCloud Wellness enables proactive care and participation in government initiatives that benefit every practice’s bottom line,” said Dr. Iram Fatima, M.B.B.S, CareCloud COO of EHR and Telehealth. “Our track record delivering high quality services to practices for over 20 years and our dedicated team of care managers will allow us to provide value to our customers and their patients.”
 
To learn more about CareCloud’s suite of next generation healthcare technology and CareCloud Wellness, visit www.carecloud.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 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:
Gene Mannheimer
ICR Westwicke
CareCloudIR@westwicke.com

Media Inquiries:
Alexis Feinberg
ICR Westwicke
alexis.feinberg@westwicke.com

FAQ

What is CareCloud Wellness and how does it support chronic care management?

CareCloud Wellness is a new digital health program designed for chronic care management, focusing on high-risk patients and enhancing care through technology.

In which states is CareCloud Wellness currently deployed?

CareCloud Wellness is deployed in 12 states, including New York, Washington, and Florida.

How has client adoption of CareCloud Wellness changed in Q3 2022?

Client adoption of CareCloud Wellness in Q3 2022 has already surpassed the total adoption seen in Q2 2022.

What percentage of healthcare providers want to improve patient experience with digital transformation?

Ninety-two percent of healthcare providers indicate a desire to improve patient experience through digital transformation.

How does CareCloud Wellness contribute to revenue generation for practices?

CareCloud Wellness allows practices to participate in the government’s chronic care management incentive program, enhancing reimbursement opportunities.