CareCloud Continues Growth Trajectory, Gains Momentum Among Larger Medical Groups in the Third Quarter

CareCloud, the leading provider of cloud-based practice management, electronic health record (EHR), and medical billing software and services, announced today that it continued to expand its client base and achieved record total contract value for the third quarter of 2014. The company’s rapid growth was recognized in August when CareCloud was named to the 2014 Inc. 500, ranking 127th among America’s fastest growing companies – and placing in the top 20 for both health and Florida-based companies.

The quarter’s growth was noteworthy in that it reflected an increased footprint among larger medical practices, who are partnering with CareCloud as the preferred cloud-based solution for their financial, administrative, and clinical needs. Orange County Urology, a state-of-the-art group of 11 physicians providing compassionate, patient-focused care from its headquarters in Laguna Hills, California, was representative of these clients when it selected CareCloud Concierge for revenue cycle management.

“We considered several partners when looking to take the productivity and profitability of our practice to the next level,” said Paul Brower, M.D. of Orange County Urology. “But we chose CareCloud because we believe its modern, cloud-based platform is the best option to deliver business results today while providing the flexibility to support our growth and evolution in the years ahead.”

In addition, CareCloud launched a comprehensive redesign of its corporate web site, complementing information about its existing offerings with new content aimed at large groups, enterprises, and overarching industry topics including ICD-10 and Meaningful Use.

“CareCloud reached and embraced a turning point in the third quarter of 2014,” said Albert Santalo, Founder and CEO of CareCloud. “While we serve a diverse client base of medical groups and are committed to their collective success, we began to see unprecedented momentum among larger groups. The lack of options for modern, cloud-based platforms that also provide flexibility for future business growth has become a primary driver of our strategy, communications, organization, and product innovation.”

About CareCloud

CareCloud is the leading provider of cloud-based practice management, electronic health record (EHR), and medical billing software and services for medical groups. The company’s products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping thousands of physicians to increase collections, streamline operations and improve patient care in 48 states, and currently manages more than $3 billion in annualized accounts receivables on behalf of its revenue cycle management clients. To learn more about CareCloud, please visit www.carecloud.com.

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