CareCloud Inc

CareCloud, Inc. operates as a healthcare information technology (IT) company. engages in the provision of an integrated suite of proprietary cloud-based electronic health records and practice management solutions. It operates through the following segments: Healthcare IT and Practice Management. The Healthcare IT offers proprietary web-based suite of services such as practice management applications, certified electronic health records solution, revenue cycle management services and mobile health applications. The Practice management segment offers medical practices as well as telemedicine, management, bill-paying and financial advisory services. The company was founded by Mahmud Haq in 1999 and is headquartered in Somerset, NJ.

Earnings data Q1 2021

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CareCloud Inc achieves positive Q2 results, eyes growth opportunities

CareCloud Inc's Q2 2024 performance marked a positive financial turnaround with growth potential and stability.
Focus on revenue expansion, innovative AI solutions, and strategic growth strategies position the company for future success.
While facing revenue challenges and competition, CareCloud has opportunities to drive growth through client initiatives and partnerships.
Maintaining financial health, operational efficiency, and executing growth strategies will be key to CareCloud's continued success.

CareCloud Inc reports robust Q3 earnings, eyes AI innovation

CareCloud Inc's Q3 2024 earnings call highlighted strong financial performance, strategic initiatives, and a focus on innovation in healthcare technology.
The company's emphasis on AI solutions, data integration, and cost reduction strategies positions CareCloud for continued growth and leadership in the industry.
While facing challenges in monetizing AI products and optimizing revenue streams, CareCloud has opportunities to drive sustainable growth through innovation and strategic partnerships.

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CareCloud, Inc. is a healthcare information technology company, which engages in the provision of an integrated suite of proprietary cloud-based electronic health records and practice management solutions. It operates through the Healthcare IT and Practice Management segments. The Healthcare IT segment offers a proprietary web-based suite of services such as practice management applications, certified electronic health records solutions, revenue cycle management services and mobile health applications. The Practice Management segment provides medical practices as well as telemedicine, management, bill-paying and financial advisory services. The company was founded by Mahmud Haq in 1999 and is headquartered in Somerset, NJ.

CareCloud, Inc.

SOMERSET, N.J., May 09, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today that Bill Korn, chief strategy officer, and Joseph DosSantos, chief financial officer, will be available to meet with investors and discuss CareCloud's strategy and financial performance at several upcoming healthcare conferences.

CareCloud's Bill Korn, Chief Strategy Officer, and Joseph DosSantos, Chief Financial Officer, to Host Investor Meetings at Upcoming Conferences

Bill Korn appointed chief strategy officer, Joseph DosSantos joins as chief financial officer, strengthening CareCloud's position as a leader in healthcare technology solutions.

CareCloud Strengthens Leadership Team with Key Transitions

CareCloud, Inc. (NASDAQ:CCLD ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Kimberly Blanche - General Counsel and Vice President of Compliance Hadi Chaudhry - Chief Executive Officer, President and Director Bill Korn - Chief Financial Officer Mahmud Haq - Founder and Executive Chairman Conference Call Participants Jeffrey Cohen - Ladenburg Thalmann Allen Klee - Maxim Group Neil Chatterji - B. Riley Securities William Sutherland - The Benchmark Company Operator Good morning, ladies and gentlemen.

CareCloud, Inc. (CCLD) Q1 2023 Earnings Call Transcript

CareCloud, Inc. (CCLD) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.19 per share a year ago.

CareCloud, Inc. (CCLD) Reports Q1 Loss, Lags Revenue Estimates

SOMERSET, N.J., April 13, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, will exhibit at booth 623 during the American Alliance of Orthopaedic Executives Annual Conference, taking place April 20-23, 2023, in Orlando.

CareCloud will Highlight Comprehensive Solutions that Aim to Streamline Workflows, Alleviate Burnout, and Improve the Quality of Care at AAOE

SOMERSET, N.J., April 11, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that the Heart & Vascular Institute has selected CareCloud's chronic care management program to empower patients with chronic conditions to take control of their health. CareCloud's program provides personalized care plans, remote monitoring, and regular check-ins with healthcare providers to help improve patient outcomes, reduce healthcare costs, and streamline operations at the Institute.

Heart & Vascular Institute Selects CareCloud's Chronic Care Management Program to Empower Patients with Personalized Care Plans and Improve Health Outcomes

SOMERSET, N.J., April 05, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc.  (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, has announced its participation in the HIMSS Global Health Conference & Exhibition. The event will take place from April 17-21, 2023, in Chicago. CareCloud will showcase its technology-enabled revenue cycle solutions that cater to the unique needs of healthcare providers.

CareCloud Will Showcase Next-Generation Healthcare Solutions at HIMSS Global Health Conference & Exhibition

SOMERSET, N.J., March 27, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced its medSR division will be exhibiting in booth 1013 at the Becker's Hospital Review 13th Annual Meeting in Chicago from April 3-6, 2023.

CareCloud's medSR Division to Exhibit at Becker's Annual Meeting

SOMERSET, N.J., March 22, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, is proud to announce that its chief executive officer (CEO) and president, Hadi Chaudhry, was named one of the top 10 dynamic business leaders in 2023 by Mirror Review.

Hadi Chaudhry, the CEO and President of CareCloud, Recognized as a Top 10 Dynamic Business Leader in 2023 by Mirror Review

SOMERSET, N.J., March 16, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today that CFO, Bill Korn, will host investor meetings on March 21 and 22, 2023 at the KeyBanc Life Sciences & MedTech Investor Forum, being held virtually, and will hold a fireside chat with Scott Schoenhaus, KeyBanc's Managing Director Equity Research, Healthcare IT, on Tuesday, March 21, 2023 at 12:00 p.m. EDT.

CareCloud to Present at the KeyBanc Life Sciences & MedTech Investor Forum

SOMERSET, N.J., March 15, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, confirmed today that the recent shutdown of Silicon Valley Bank has had no impact on the Company's operations. Furthermore, today's monthly dividend on CareCloud's Series A Preferred Stock and Series B Preferred Stock has been funded for disbursement to shareholders as previously scheduled.

CareCloud Operations Unaffected by Shutdown of Silicon Valley Bank

SOMERSET, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, is pleased to announce a new continuing education unit (CEU) program for healthcare providers and medical billing professionals. Starting with the upcoming live webinar, "Making Sense of Modifiers," on March 22, 2023, select webinars will now offer CEUs to live attendees.

CareCloud to Begin Offering CEU Credits for Educational Webinar Series to Healthcare Providers and Medical Billing Professionals

SOMERSET, N.J., March 13, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced its medSR division will sponsor and exhibit in booth 2503 at the upcoming ViVE 2023 conference, March 26-29 in Nashville.

CareCloud's medSR Division to Highlight Healthcare Consultation Services at ViVE 2023

SOMERSET, N.J., March 09, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc.  (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced its participation at the Medical Practice Excellence: Financial and Operations Conference hosted by the Medical Group Management Association (MGMA). The event will take place from March 19-21 at the Hyatt Regency Grand Cypress in Orlando, Florida, and CareCloud will be exhibiting in booth 313.

CareCloud to Showcase Innovative Tech-Enabled RCM Solution at MGMA's Medical Practice Excellence Conference

SOMERSET, N.J., March 07, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced it will be exhibiting at the Association of Physicians of Pakistani Descent of North America (APPNA) Spring Meeting in booth 10. The event is scheduled to take place from March 16-19, 2023, at the Rosen Shingle Creek Resort in Orlando, FL.

CareCloud to Showcase Technology-Enabled Revenue Cycle Solutions at APPNA Spring Meeting

SOMERSET, N.J., March 06, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced a partnership with KabaFusion aimed at further optimizing the financial performance of the home-infusion provider through revenue cycle management. This partnership will leverage CareCloud's RCM experience to streamline processes, reduce denials, and increase revenue captured for KabaFusion.

CareCloud and KabaFusion Partner to Transform Patient Care Through Innovative Healthcare Technology Solutions

CareCloud, Inc. (NASDAQ:CCLD ) Q4 2022 Earnings Conference Call March 2, 2023 8:30 AM ET Company Participants Kimberly Blanche - General Counsel and Vice President of Compliance Mahmud Haq - Founder and Executive Chairman Hadi Chaudhry - Chief Executive Officer, President and Director Bill Korn - Chief Financial Officer Conference Call Participants Jeffery Cohen - Ladenburg Thalmann & Co Allen Klee - Maxim Group Michael Donovan - HC Wainwright & Co. Operator Welcome to the CareCloud, Inc. Fourth Quarter and Full-Year 2022 Post Results Conference Call. At this time, all participants will be in a listen-only mode.

CareCloud, Inc. (CCLD) Q4 2022 Earnings Call Transcript

CareCloud, Inc. (CCLD) delivered earnings and revenue surprises of -10% and 3.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

CareCloud, Inc. (CCLD) Reports Q4 Loss, Misses Revenue Estimates

SOMERSET, N.J., March 02, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced financial and operational results for the year ended December 31, 2022. The Company's management will conduct a conference call with related slides today at 8:30 a.m. Eastern Time to discuss these results and management's outlook for the year.

CareCloud Reports Record Full Year 2022 Results

SOMERSET, N.J., March 01, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today that its innovative electronic health record (EHR) system, talkEHR, has been recognized by Google as Chrome Enterprise Recommended. This designation highlights CareCloud's commitment to providing healthcare organizations with a secure and reliable platform for managing patient information.

CareCloud's talkEHR Achieves Google's Chrome Enterprise Recommended Designation for Secure and Innovative Healthcare Management

SOMERSET, N.J., Feb. 27, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that Interstate Health Systems (IHS), a newly-established healthcare provider that aims to break down healthcare barriers for mobile employees and travelers, has selected CareCloud to optimize their administrative and financial processes as well as the management and storage of patients' medical information and records.

Transforming Healthcare Finances: CareCloud Powers Up Interstate Health Systems with Advanced Technology-enabled Revenue Cycle Management Solution

SOMERSET, N.J., Feb. 22, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced it will exhibit in booth 6444 at the American Academy of Orthopaedic Surgeons (AAOS) 2023 Annual Meeting, which will take place March 7-11, 2023, in Las Vegas, Nevada.

CareCloud to Showcase How They Empower Healthcare Providers with Comprehensive Technology Solutions at AAOS Annual Meeting

SOMERSET, N.J., Feb. 21, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that Silicon Valley Bank (NASDAQ: SIVB), the bank of the world's most innovative companies and their investors, has increased its secured line of credit to $25 million to support future growth. The term of the line of credit was also extended by two years, to October 13, 2025.

Silicon Valley Bank Increases CareCloud's Credit Facility to $25 million

SOMERSET, N.J., Feb. 15, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced it will be exhibiting its digital health solutions in booth 1007 at the American Telemedicine Association (ATA) Annual Conference & Expo. The conference will take place from March 4-6, 2023, and is referred to by ATA as the largest gathering of stakeholders focused on advancing telehealth.

CareCloud Revolutionizing Healthcare Delivery with Groundbreaking Digital Health Solutions at American Telemedicine Association Conference

SOMERSET, N.J., Feb. 14, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology solutions for medical practices and health systems nationwide, will release its financial results for the fourth quarter and full year ended December 31, 2022 before the market opens on Thursday, March 2, 2023. The Company will follow with a conference call for investors at 8:30 a.m. Eastern Time.

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