Leadership Changes - CareCloud announces a strategic realignment of its leadership team, effective January 1, 2025, with A Hadi Chaudhry and Stephen Snyder serving as Co-CEOs and Crystal Williams appointed as President [1] - The leadership changes aim to focus on transformative technology-driven innovations, revenue growth, and delivering an exceptional client experience [2] - Chaudhry will focus on advancing the company's technology and AI strategies, while Snyder will lead acquisitive and organic growth strategies [2] - Williams, as President, will focus on elevating the client experience, expanding wallet share, and improving client outcomes [3] Financial Performance - In 2024, CareCloud returned to positive GAAP income and achieved a 50% year-over-year increase in adjusted EBITDA [4] - The company generated significant free cash flow, enabling it to pay off its entire line of credit with internally generated cash flow in the first nine months of 2024 [4] - CareCloud's common stock surged by over 300% in the past year [4] Strategic Focus - CareCloud is positioned to leverage its technology and operational expertise to deliver sustained long-term growth, improved client outcomes, and enhanced shareholder value [5] - The company's focus includes advancing AI strategies, driving revenue growth, and enhancing the client experience [2][3] Company Overview - CareCloud provides healthcare technology and generative AI solutions, serving over 40,000 providers nationwide [6] - The company's solutions include revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM), and digital health [6]
CareCloud Announces Leadership Realignment to Drive 2025 Growth Strategy