revenue cycle management (RCM)
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CareCloud Announces Plan to Pay Double Monthly Dividends on its Series B Preferred Stock Beginning in January 2026
Globenewswire· 2025-11-10 13:00
Core Viewpoint - CareCloud, Inc. has announced a formal plan to address 14 months of accumulated unpaid dividends on its Series B Preferred Stock, reflecting the company's financial turnaround and confidence in its growing recurring revenues and margins [1][4]. Dividend Plan - The company plans to issue double monthly dividend payments, starting with the January 2026 dividend, which will include one regular payment and one additional payment for the arrears [2][6]. - The total amount of accumulated dividends in arrears is approximately $3.9 million, equating to $2.55 per share of Series B Preferred Stock [6]. Financial Strength and Commitment - CareCloud's leadership emphasizes the company's renewed financial strength, operational efficiency, and commitment to fulfilling obligations to shareholders [4][6]. - The double-payment structure is designed to maintain regular monthly dividends while systematically addressing the arrears without compromising the company's growth trajectory [4][6]. Dividend Payment Details - Dividends on the Series B Preferred Stock are cumulative and payable monthly, with payments expected around the 15th of each month [4][6]. - The company anticipates completing the catch-up payments by the end of the first quarter of 2027 [6].
CareCloud Reports Third Quarter 2025 Results
Globenewswire· 2025-11-06 12:00
Core Insights - CareCloud, Inc. has raised its full-year 2025 revenue guidance to $117 – $119 million, up from the previous range of $111 – $114 million, reflecting strong financial performance and growth momentum [1][7] - The company reported a 9% year-over-year increase in quarterly revenue, marking its sixth consecutive quarter of positive GAAP net income [1][2] - CareCloud's strategic focus on AI-driven innovation and successful integration of recent acquisitions is enhancing its position in the healthcare technology sector [1][5] Financial Highlights - For the three months ended September 30, 2025, CareCloud reported revenue of $31.1 million, compared to $28.5 million in the same period of 2024, representing a 9% increase [2] - GAAP net income remained stable at $3.1 million, with GAAP EPS improving to $0.04 from a loss of $0.04 in the previous year [2] - Adjusted net income for the quarter was $4.4 million, a 27% increase from $3.5 million in 2024, and adjusted EBITDA rose by 13% to $7.7 million [2] Year-to-Date Performance - For the nine months ended September 30, 2025, total revenue was $86.1 million, up 4% from $82.6 million in 2024 [4] - GAAP net income increased by 74% to $7.9 million, with GAAP EPS improving to $0.07 from a loss of $0.28 [4] - Adjusted net income for the nine months was $10.0 million, a 50% increase from $6.6 million in the previous year [4] Strategic Updates - The company has completed four strategic acquisitions in 2025, including Medsphere, which is expected to broaden its reach in the hospital market [5][6] - CareCloud has established an AI Center of Excellence to drive product innovation and enhance operational efficiency [6] - Management emphasized the synergy between recent acquisitions and AI initiatives, which are expected to create significant value for clients and shareholders [5] 2025 Guidance - CareCloud's updated guidance for 2025 includes revenue expectations of $117 – $119 million, adjusted EBITDA of $26 – $28 million, and EPS of $0.10 - $0.13 [7][8] - The revenue guidance reflects management's expectations regarding contributions from recent acquisitions and organic growth [7]
TruBridge Announces Third Quarter 2025 Conference Call to Be Held Friday, November 7, 2025
Businesswire· 2025-10-31 15:00
Core Points - TruBridge, Inc. will release its financial results for Q3 2025 on November 6, 2025, after market close, followed by a conference call on November 7, 2025 [1] - The conference call will be accessible via phone and will also be broadcasted live on the company's investor relations website [2] - TruBridge specializes in revenue cycle management and healthcare technology solutions for rural and community healthcare organizations, with over 1,500 clients nationwide [3] Company Developments - Michael Daughton has been appointed as Chief Business Officer effective October 6, 2025, to enhance client-centered excellence and growth [5] - TruBridge has expanded its partnership with Java Medical Group to standardize technology and services across its managed hospitals, utilizing the TruBridge nTrust offering [6] Financial Performance - In Q2 2025, TruBridge reported total bookings of $25.6 million, up from $23.3 million, and total revenue of $85.7 million, slightly up from $85.6 million, with recurring revenue making up 95% of total revenue [7]
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
Core Insights - CareCloud will participate in the 2025 Maxim Growth Summit, focusing on acquisitions, growth, and AI strategy [1] - Maxim Group named CareCloud its 'Top Healthcare IT Pick for 2025' due to its AI strategy, strong financial results, and renewed M&A activity [2] Company Developments - CareCloud has closed four M&A transactions year-to-date, including the acquisition of Medsphere and HFMA's MAP App [9] - The AI Center of Excellence was launched earlier this year and aims to scale to approximately 500 AI professionals to enhance innovation in EHR, RCM, analytics, and patient engagement [9] - Revenue guidance for 2025 has been raised to $116–$118 million, reflecting strong execution [9] - CareCloud has been added to the Russell Microcap Index, which is expected to broaden investor awareness [9] Product and Service Offerings - CareCloud provides a suite of AI and technology-enabled solutions aimed at improving financial and operational performance, streamlining clinical workflows, and enhancing patient experience [5] - The company serves over 40,000 providers, helping them reduce administrative burdens and operating costs [5]
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]