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.

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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.

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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.

CareCloud, a healthcare technology company, has seen plateaued growth in 2022 after a period of rapid expansion. The company offers services like revenue cycle management and electronic healthcare records in a software-as-a-service mode. Past growth was driven by its ability to acquire and integrate other RCM companies and reduce costs for providers. However, profitability has been a challenge due to high operating costs including costly marketing campaigns.

CareCloud: Growth, Margin Gain And Realistic AI Prospects Despite Risks

SOMERSET, N.J., July 14, 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 sponsorship of Pakistan's 3rd Annual National Digital Health Conference. The conference, endorsed by Pakistan Prime Minister Shehbaz Sharif and the government, will take place on July 15, 2023, in Lahore, Pakistan.

CareCloud Sponsors Pakistan's 3rd Annual National Digital Health Conference

SOMERSET, N.J., July 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 the appointment of Larry Steenvoorden as the new chief financial officer (CFO). With a distinguished career and extensive financial and strategic expertise, Steenvoorden brings valuable experience from his previous roles.

CareCloud Appoints Larry Steenvoorden as Chief Financial Officer

SOMERSET, N.J., July 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 it has been recognized in Healthcare Technology Report's list of Power 500 Healthcare Technology Companies of 2023. In addition to the company's recognition, CareCloud's president and chief executive officer, Hadi Chaudhry, has been selected as one of the Top 50 Healthcare Technology CEOs of 2023.

CareCloud Honored as Power 500 Healthcare Technology Company by Healthcare Technology Report, CEO Hadi Chaudhry Recognized as a Top 50 Healthcare Technology CEO of 2023

SOMERSET, N.J., June 29, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health care technology solutions for medical practices and health systems nationwide, today announced it will exhibit in booth 28 at the Association of Physicians of Pakistani Descent of North America (APPNA) upcoming 46th Annual Summer Convention 2023, taking place July 4-9, 2023, and the Gaylor Texan Resort and Convention Center in Dallas.

CareCloud to Showcase Cutting-Edge Revenue Cycle Solutions at APPNA 46th Annual Summer Convention 2023

SOMERSET, N.J., June 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 its chief executive officer and president, Hadi Chaudhry, has been selected to join the prestigious Forbes Business Council. This renowned organization serves as a premier growth and networking platform for accomplished business owners and leaders on a global scale.

CareCloud's CEO and President, Hadi Chaudhry, Selected to Join Forbes Business Council, Recognizing Leadership and Expertise in Healthcare Technology

SOMERSET, N.J., June 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 Mindy Steinberg, CareCloud's director of solutions consulting, has joined the education committee of the HealthCare Business Management Association (HBMA).

CareCloud's Director of Solutions Consulting, Mindy Steinberg, Joins HealthCare Business Management Association Education Committee to Shape the Future of Healthcare Business Management Education

SOMERSET, N.J., June 20, 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 Hadi Chaudhry, CareCloud president and chief executive officer, and Bill Korn, chief strategy officer and acting chief financial officer, will be representing the company in two fireside chats on Thursday, June 22, 2023. The purpose of these discussions is to explore the transformative power of generative artificial intelligence in the healthcare industry.

CareCloud Leadership to Explore the Transformative Power of Generative AI in Healthcare in Upcoming Fireside Chats

SOMERSET, N.J., June 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 WPM Pathology Laboratory has added CareCloud Concierge as its comprehensive revenue cycle management solution. By adopting Concierge, WPM aims to alleviate the burden of collections and streamline its financial operations, allowing the organization to prioritize patient care.

CareCloud Empowers WPM Pathology Laboratory with Comprehensive Revenue Cycle Management Solution, CareCloud Concierge

SOMERSET, N.J., June 13, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health care technology solutions for medical practices and health systems nationwide, today confirmed its participation as an exhibitor at the Healthcare Financial Management Association's annual conference. The conference, scheduled to take place from June 25-28 in Nashville, will provide a prime platform for CareCloud to showcase its innovative offerings. Representatives from CareCloud's medSR division will also be in CareCloud's booth, further enriching the experience for attendees.

CareCloud and medSR to Showcase Revenue Optimization and Operational Streamlining Solutions at HFMA Conference

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CareCloud to Showcase Innovative Solutions and Services at Key Industry Event in the MENA Region, Furthering Expansion into the Middle East

CareCloud Announces Silver Sponsorship at MENA Hospital Projects Conference in Dubai

SOMERSET, N.J., June 06, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, has announced the addition of key revenue cycle management (RCM) services and chronic care management to Calhoun Medical Clinic and Raleigh Family Health Clinic, both located in Mississippi and owned by Dr. Mark DeLoach.

CareCloud Strengthens Partnership with Mississippi Medical Clinics to Add Advanced Revenue Cycle Management and Chronic Care Management Solutions

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SOMERSET, N.J., May 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 company's president and chief executive officer, A. Hadi Chaudhry, has been named a finalist for Ernst & Young's (EY) Entrepreneur Of The Year® 2023 New Jersey Award. This prestigious award program recognizes transformative entrepreneurs and leaders of high-growth companies who are building a more equitable, sustainable and prosperous world for all.

CareCloud CEO Hadi Chaudhry Named Finalist for Ernst & Young's Entrepreneur Of The Year® 2023 New Jersey Award

SOMERSET, N.J., May 10, 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 has been named the Best Overall Electronic Health Record (EHR) Solution Provider in the 2023 MedTech Breakthrough Awards.

CareCloud Wins Best Overall EHR Solution Provider in 2023 MedTech Breakthrough Awards

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.

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