CareCloud announces ongoing support of Medical Group Management Association » 09:2307/2107/21/21
CareCloud announced its…
CareCloud announced its corporate membership and annual conference sponsorship of the Medical Group Management Association. As both member and marquee sponsor, CareCloud is continuing its commitment to MGMA, which is focused on providing support solutions, services and education to today's multifaceted care providers, leaders and executives. As a Corporate Member, CareCloud will spend the next twelve months collaborating with MGMA in the ideation and delivery of thought-provoking resources for practice leaders, including but not limited to, podcasts, webinars, and other industry-focused assets to promote clinical and operational excellence.
|Over a week ago|
CareCloud selected by Spring Hills for software-enabled solutions » 09:1707/1207/12/21
CareCloud announced Spring Hills Management Services Organization will implement CareCloud's software-enabled solutions, including its electronic health records and practice management software, with its remote patient monitoring system in order to optimize delivery of patient care. Spring Hills, a pioneer in building and operating extended care and rehabilitation communities, will also leverage CareCloud's revenue cycle management services including medical coding and credentialing.
|Over a month ago|
CareCloud participates in a conference call with Cantor Fitzgerald » 10:2006/2406/24/21
Conference call with CEO…
Conference call with CEO Chaudhry and CFO Korn to be held on June 24 at 10:30 am hosted by Cantor Fitzgerald.
CareCloud included in Russell Microcap Index » 09:2606/2206/22/21
CareCloud announced that…
CareCloud announced that FTSE Russell, which manages the widely-followed Russell 2000 Index and other indices based on market capitalization and style orientation, has included CareCloud in the Russell Microcap Index for the fourth straight year.
CareCloud initiated with an Overweight at Cantor Fitzgerald » 07:1606/1106/11/21
Cantor Fitzgerald analyst…
Cantor Fitzgerald analyst Steven Halper initiated coverage of CareCloud with an Overweight rating and $15 price target. Halper thinks shares are inexpensive on an EV/EBITDA basis and believes CareCloud is contemplating simplifying its corporate structure, which would serve as a catalyst for the shares, the analyst tells investors in a research note. Halper feels CareCloud shares are very attractive at current levels.
CareCloud closes acquisition, accelerates growth in the hospital market » 08:5506/0206/02/21
CareCloud announced its…
CareCloud announced its continued expansion into the hospital and health system market, through its acquisition of industry leading businesses that provide IT consulting, strategic advisory services and workforce augmentation solutions to hospitals in the U.S., Canada and the Caribbean. The acquisition officially closed on June 1. as CareCloud acquired certain assets from MedMatica Consulting Associates, including assets MedMatica previously acquired from Santa Rosa Consulting. "We are incredibly impressed with what the MedMatica team has been able to accomplish, and are excited to invest in their continued growth," said Stephen Snyder, CareCloud's Chief Strategy Officer. "By combining MedMatica's proven processes, domain knowledge, and deep health system relationships with our operational scale, resources, and broad technology capabilities, this synergistic combination enables CareCloud to better meet the evolving needs of existing hospital clients, broadens our value proposition and positions us for further growth." "
U.S. Physiatry leverages CareCloud's technology platforms » 09:1605/1105/11/21
CareCloud announced that…
CareCloud announced that U.S. Physiatry, one of the nation's largest physiatry groups, is utilizing CareCloud's technology platform to boost revenue and increase collections across the entire organization.
CareCloud sees 2021 revenue $133M-$137M, consensus $134.54M » 07:1905/0605/06/21
Sees adjusted EBITDA…
Sees adjusted EBITDA $22M-$25M.
CareCloud reports Q1 adjusted EPS 20c, consensus (39c) » 07:1705/0605/06/21
Reports Q1 revenue…
Reports Q1 revenue $29.8M, consensus $29.39M. "We are pleased to report a strong start to 2021, including a 36% year-over-year increase in first quarter revenue to $29.8 million, driven in large part by integration of our 2020 acquisitions," said A. Hadi Chaudhry, CareCloud's Chief Executive Officer and President. "We are also proud to report a 381% increase in adjusted EBITDA year-over-year, representing our sixteenth consecutive quarter of positive adjusted EBITDA. This is our first financial report since we officially changed our name from MTBC, Inc. to CareCloud, Inc.," said Chaudhry. "The CareCloud name reflects both our legacy and our future as a technology-first leader in the industry. As we look ahead into the future, we are excited to continue to make bold moves in pursuit of our growing customer base and expansive addressable market."
MTBC promotes leaders within operations team » 08:5505/0305/03/21
CareCloud announced the…
CareCloud announced the promotion of two leaders within its management team: Loraine Goetsch to Division President and SVP of Integrations, and Steve Link to Senior Vice President of Client Operations. Goetsch and Link are working to support CareCloud's ongoing scalability by enhancing and optimizing critical aspects such as operational integration and functional service delivery.