CareCloud

CareCloud is a privately held corporation and provider of cloud-based practice management, electronic health record, and medical billing software and services.[1] The company operates in Boston, Massachusetts and from its headquarters in Miami, Florida.[2] CareCloud offers software-as-a-service and revenue cycle management (RCM) services to physicians in more than 50 specialties across 48 states.[3] CareCloud manages more than $4 billion in annualized accounts receivables on behalf of its RCM clients.[4]

Overview

Albert Santalo founded CareCloud on September 16, 2009. The company announced it raised $2.3 million in funding in January 2010.[5] CareCloud added another $20.1 million in Series A funding from Intel Capital and Norwest Venture Partners in September 2011.[6] In June 2014, the company secured an additional $25.5 million in new venture debt financing from Hercules Technology Growth Capita, bringing the total investment to $81.9 million since 2009.[7]

In November 2014, CareCloud joined the CommonWell Health Alliance, a non-profit organization dedicated to promoting interoperability among different electronic health records systems.[8] CareCloud's cloud-based software and service products include the central practice management software, charts electronic health record solution, and concierge revenue cycle management services.[9][10] Companion, the company's first mobile app was released in 2014.[11] The company also launched Advanced Analytics that same year.[12]

Awards

In 2014, CareCloud ranked #28 on the Forbes 'Most Promising Companies' list.[13] The same year, CareCloud also debuted at #127 on the Inc. 500 list of Fastest Growing private companies.[14] CareCloud Chairman and CEO, Albert Santalo, won the 2014 Technology Executive of the Year Award from the Greater Miami Chamber of Commerce.[15]

References

  1. ↑ "Bloomberg Business: Health Care Technology". Retrieved 12 March 2015.
  2. ↑ "Boston Globe: Web health records firm expands to Boston.". Retrieved 12 March 2015.
  3. ↑ "Becker's Health IT & CIO Review. 15 things to know about CareCloud.". Retrieved 12 March 2015.
  4. ↑ "Yahoo? Finance: CareCloud Concludes 2014 with Rapid Growth and Product Innovation, Driven by Large Medical Groups. February 3, 2015". Retrieved 12 March 2015.
  5. ↑ "TechCrunch: CareCloud Raises $2.3 million for Web-Based Physician Practice Software Suite.". Retrieved 12 March 2015.
  6. ↑ "Fortune: Venture Capital Deals, September 26, 2011.". Retrieved 12 March 2015.
  7. ↑ "VentureBeat News: CareCloud Takes $25.5M in debt financing to expand medical group data.". Retrieved 12 March 2015.
  8. ↑ "HITECH Answers. CommonWell Health Alliance Expands Interoperability Services, Signs up New HER Vendors.". Retrieved 12 March 2015.
  9. ↑ "Miami Herald. Starting Gate: Q&A: CareCloud CEO Albert Santalo reflects on year of fast growth, looks ahead. January 12, 2014.". Retrieved 12 March 2015.
  10. ↑ "eWEEK: CareCloud Upgrades EHR Platform with Faster Charting. July 17, 2013.". Retrieved 12 March 2015.
  11. ↑ "Boston Business Journal. October 15, 2013: CareCloud CEO: We May Go Public Next Year.". Retrieved 12 March 2015.
  12. ↑ "Bloomberg Business. October 14, 2014. CareCloud Launches New Advanced Analytics Suite to Provide Medical Groups Unparalleled Insights to Improve Business Performance.". Retrieved 12 March 2015.
  13. ↑ "Forbes Most Promising Companies 2014". Retrieved 12 March 2015.
  14. ↑ "Inc. 500 Fastest Growing Companies 2014". Retrieved 12 March 2015.
  15. ↑ "Greater Miami Chamber of Commerce Technology Leader of the Year Awards". Retrieved 12 March 2015.
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