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CareCloud to Present at the 2025 ThinkEquity Conference
Globenewswire· 2025-10-20 12:00
Core Insights - CareCloud, Inc. will showcase its AI innovations, strategic acquisitions, and growth momentum at the ThinkEquity Conference on October 30, 2025 [1][3] - The company has completed four significant transactions in the year to date, including the acquisition of Medsphere and the addition of HFMA's MAP App, which have enhanced its capabilities and client reach [3] Company Overview - CareCloud specializes in healthcare technology solutions, offering a suite of AI and technology-enabled services aimed at improving financial and operational performance, clinical workflows, and patient experience [4] - The company serves over 40,000 providers, helping them enhance patient care while reducing administrative burdens and operating costs [4]
CareCloud to Present at the 2025 Maxim Growth Summit
Globenewswire· 2025-10-15 12:00
Company to highlight acquisitions, growth and AI roadmap SOMERSET, N.J., Oct. 15, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”) today announced its participation in the 2025 Maxim Growth Summit, taking place October 22–23, 2025 at the Hard Rock Hotel New York City. This event brings together industry leaders, innovators, and premier institutions to explore the latest trends and advancements across several leading industries, including technology and healthcare ...
CareCloud to Announce Third Quarter 2025 Results on November 6, 2025
Globenewswire· 2025-10-14 12:00
Core Points - CareCloud, Inc. will release its financial results for the third quarter ended September 30, 2025, before the market opens on November 6, 2025 [1] - A conference call for investors will follow at 8:30 a.m. Eastern Time on the same day [1] - The live webcast of the conference call and related presentation slides will be accessible online [2] - An audio-only option for the conference call is available by dialing a specific number [2] - A replay of the conference call will be available approximately three hours after its conclusion [3] Company Overview - CareCloud specializes in AI-powered healthcare technology and revenue cycle management solutions for medical practices and health systems [1] - The company aims to enhance financial and operational performance, streamline clinical workflows, and improve patient experience [4] - Over 40,000 providers rely on CareCloud's solutions to improve patient care while reducing administrative burdens and operating costs [4]
CareCloud Announces Acquisition of HFMA’s MAP App to Expand AI-Driven Benchmarking in Hospitals and Integrated Health Systems
Globenewswire· 2025-09-29 12:00
Core Insights - CareCloud has announced a definitive agreement to acquire MAP App, a leading hospital benchmarking tool developed by HFMA, which is set to close on October 1, 2025 [1][2] - The acquisition is part of CareCloud's strategy to enhance its SaaS-based ecosystem and expand its AI-driven healthcare technology solutions [2][3] - The partnership with HFMA aims to improve revenue cycle management performance and provide actionable insights for hospitals [3] Company Overview - CareCloud is a leader in AI-driven healthcare technology solutions, serving hospitals, integrated health systems, and medical practices across the United States [1][5] - The company offers a suite of solutions including revenue cycle management, practice management, electronic health records, and patient experience management [5] - More than 40,000 providers rely on CareCloud to enhance patient care while reducing administrative burdens and operating costs [5] Industry Context - MAP App is recognized as an industry-leading tool for benchmarking revenue cycle management performance, utilized by top hospitals and healthcare organizations nationwide [2] - HFMA, the organization behind MAP App, is the leading membership organization for healthcare finance leaders, providing tools and insights to improve financial outcomes in healthcare [3]
CareCloud Unveils Marketware as Strategic Growth Solution for Hospitals
Globenewswire· 2025-09-25 13:00
Core Insights - CareCloud, Inc. has launched Marketware, a physician relationship management and analytics platform aimed at enhancing hospital operations and financial performance [1][2] - The platform is designed to help hospitals strengthen physician alignment, optimize referral networks, and link engagement strategies to measurable growth [1][2] - Marketware has been integrated with CareCloud's AI Center of Excellence and other operational tools, creating new opportunities for hospitals to connect physician relationship data with financial performance [3] Company Overview - CareCloud provides a suite of AI and technology-enabled solutions that assist healthcare providers in improving financial and operational performance, streamlining clinical workflows, and enhancing patient experiences [5] - The company serves over 40,000 providers, focusing on reducing administrative burdens and operating costs while improving patient care [5] Market Impact - The implementation of Marketware has reportedly led to revenue increases for hospitals, with users expressing greater confidence in their financial and service growth initiatives [2] - The platform offers actionable intelligence for hospital executives, enabling them to track referral patterns, strengthen physician engagement, and support strategic planning [8]
CareCloud Increases 2025 Revenue Guidance Following Medsphere Acquisition
Globenewswire· 2025-09-02 12:00
Core Insights - CareCloud has raised its revenue outlook for 2025 to a range of $116 million to $118 million, up from the previous guidance of $111 million to $114 million, indicating strong growth in the hospital IT market [2][3] - The company anticipates 2026 revenue to be between $128 million and $130 million, driven by cross-selling opportunities and increased hospital adoption of its AI-driven solutions [2][3] - The acquisition of Medsphere Systems Corporation is highlighted as a transformative move that enhances CareCloud's product portfolio and market demand [3] Financial Guidance - For 2025, CareCloud expects revenue between $116 million and $118 million, reflecting an increase in scale and market participation [2] - The anticipated revenue for 2026 is projected to be $128 million to $130 million, supported by ongoing investments in AI innovation [2] - Adjusted EBITDA outlook is expected to remain unchanged, while GAAP EPS may be affected by higher non-cash amortization expenses due to the acquisition [2] Strategic Initiatives - CareCloud's AI Center of Excellence is advancing tools that automate revenue cycle workflows and support clinicians in real-time, aimed at improving efficiency and patient outcomes [3] - The company emphasizes its commitment to innovation in healthcare technology, helping clients enhance financial and operational performance [4] - CareCloud serves over 40,000 providers, focusing on reducing administrative burdens and improving patient care [4]
CareCloud Reports Second Quarter 2025 Results
Globenewswire· 2025-08-05 11:00
Core Insights - CareCloud, Inc. has reported its first quarter of positive GAAP EPS in its history since going public, indicating a significant milestone in financial performance [1][6][9] - The company has launched an AI Center of Excellence aimed at enhancing operational efficiency and driving innovation in healthcare technology [5][6][7] - CareCloud's financial results show strong growth, with a GAAP net income of $2.9 million for Q2 2025, a 73% increase from Q2 2024 [6][7] Financial Performance - GAAP net income for Q2 2025 was $2.9 million, up from $1.7 million in Q2 2024, representing a 73% increase [6] - Positive GAAP EPS of $0.04 per share compared to a negative GAAP EPS of ($0.14) per share in Q2 2024 [6] - Revenue for Q2 2025 was $27.4 million, slightly down from $28.1 million in Q2 2024 [6] - Year-to-date revenue for 2025 reached $55.0 million, compared to $54.1 million in the same period last year [6] Strategic Initiatives - The AI Center of Excellence is expected to scale to 500 team members by year-end, focusing on automating clinical workflows and optimizing revenue cycle management [5][6] - CareCloud has completed two acquisitions in 2025 and is actively evaluating additional opportunities to enhance its market position [6][7] - The company continues to pay preferred stock dividends monthly from internally generated free cash flow, demonstrating financial stability [7] Guidance and Future Outlook - CareCloud reaffirms its revenue guidance for 2025, expecting between $111 million and $114 million [9][10] - Adjusted EBITDA is projected to be between $26 million and $28 million for the full year 2025 [10] - GAAP EPS is anticipated to be in the range of $0.10 to $0.13 for the fiscal year ending December 31, 2025 [9][10]
CareCloud Confirms ICFR Attestation Requirement Following $85.1 Million Public Float Milestone; Launches Audit Firm Search
Globenewswire· 2025-07-01 12:00
Core Points - CareCloud has surpassed the accelerated filer threshold with a public float of $85.1 million as of June 30, 2025, triggering new compliance requirements under SEC regulations [1] - The achievement is seen as a validation of CareCloud's growth trajectory and investor confidence, with a commitment to compliance and corporate governance emphasized by the Co-CEO [2] - The current audit firm cannot perform the required ICFR attestation, necessitating a change in auditors to ensure compliance [2] - CareCloud has initiated a process to engage a new audit firm capable of fulfilling the necessary services for fiscal year 2025 [3] Company Overview - CareCloud specializes in AI-driven healthcare technology solutions, helping over 40,000 providers enhance patient care while reducing administrative burdens and operating costs [4]
CareCloud Announces Potential Resignation of its Audit Firm
Globenewswire· 2025-06-26 13:00
Core Viewpoint - CareCloud, Inc. may need to engage a new independent registered public accounting firm if an ICFR auditor attestation is required for fiscal year 2025 due to its current audit firm's inability to perform the required services [1][2]. Group 1: Audit and Compliance - The current audit firm has indicated it lacks the capacity to perform an ICFR attestation, which is necessary if CareCloud's public float exceeds $75 million [2]. - The determination of whether an ICFR attestation is required will be based on CareCloud's public float as of June 30, 2025, with a threshold of $75 million for classification as an accelerated filer [3]. - CareCloud plans to provide an update on July 1, 2025, regarding its public float and any implications for its audit arrangements [3]. Group 2: Company Overview - CareCloud is a leader in AI-driven healthcare technology solutions, offering services that enhance financial and operational performance, streamline clinical workflows, and improve patient experiences [4]. - The company serves over 40,000 providers, focusing on reducing administrative burdens and operating costs through its suite of solutions, including revenue cycle management, practice management, electronic health records, and digital health [4].
CareCloud to Present on AI Innovation at Maxim Group’s 2025 Virtual Tech Conference on June 3, 2025
Globenewswire· 2025-06-02 12:00
Core Insights - CareCloud, Inc. is participating in the "2025 Virtual Tech Conference" to discuss the impact of AI on healthcare delivery [1][2] - The conference will highlight how emerging growth companies are utilizing transformative technologies like AI and Quantum Computing for long-term success [3] Company Overview - CareCloud specializes in AI-driven healthcare technology solutions, aiming to enhance financial and operational performance, streamline clinical workflows, and improve patient experiences [4] - The company serves over 40,000 providers, focusing on reducing administrative burdens and operating costs while improving patient care [4] Conference Details - The Healthcare IT Panel featuring CareCloud is scheduled for June 3, 2025, at 11:00 a.m. EDT [1] - Participants must register as M-Vest members to attend the conference and view CareCloud's presentation [3]