CareCloud Inc

CareCloud, Inc. operates as a healthcare information technology (IT) company. engages in the provision of an integrated suite of proprietary cloud-based electronic health records and practice management solutions. It operates through the following segments: Healthcare IT and Practice Management. The Healthcare IT offers proprietary web-based suite of services such as practice management applications, certified electronic health records solution, revenue cycle management services and mobile health applications. The Practice management segment offers medical practices as well as telemedicine, management, bill-paying and financial advisory services. The company was founded by Mahmud Haq in 1999 and is headquartered in Somerset, NJ.

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CareCloud Inc achieves positive Q2 results, eyes growth opportunities

CareCloud Inc's Q2 2024 performance marked a positive financial turnaround with growth potential and stability.
Focus on revenue expansion, innovative AI solutions, and strategic growth strategies position the company for future success.
While facing revenue challenges and competition, CareCloud has opportunities to drive growth through client initiatives and partnerships.
Maintaining financial health, operational efficiency, and executing growth strategies will be key to CareCloud's continued success.

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CareCloud, Inc. is a healthcare information technology company, which engages in the provision of an integrated suite of proprietary cloud-based electronic health records and practice management solutions. It operates through the Healthcare IT and Practice Management segments. The Healthcare IT segment offers a proprietary web-based suite of services such as practice management applications, certified electronic health records solutions, revenue cycle management services and mobile health applications. The Practice Management segment provides medical practices as well as telemedicine, management, bill-paying and financial advisory services. The company was founded by Mahmud Haq in 1999 and is headquartered in Somerset, NJ.

CareCloud, Inc.

Focus on Enhancing Profitability and Further Streamlining Operations SOMERSET, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc.  (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced the promotion of Crystal Williams as its new chief operating officer with the goal of further streamlining operations and supporting the Company's achievement of its profitability and free cash flow objectives.

CareCloud Promotes Crystal Williams to Chief Operating Officer

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After reaching an important support level, CareCloud, Inc. (CCLD) could be a good stock pick from a technical perspective. CCLD recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.

Should You Buy CareCloud, Inc. (CCLD) After Golden Cross?

CareCloud, Inc. (CCLD) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.28 per share a year ago.

CareCloud, Inc. (CCLD) Reports Q1 Loss, Misses Revenue Estimates

SOMERSET, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today released details regarding its receipt of an unsolicited, non-binding indication of interest dated March 4, 2024, to acquire the Company for $5.00 per share of its common stock, and the $25 redemption price per share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”). The indication of interest was subject to satisfactory due diligence.

CareCloud Capital Structure Update

SOMERSET, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it has retained Citizens JMP as its exclusive capital structure advisor.

CareCloud Retains Citizens JMP as its Exclusive Capital Structure Advisor

SOMERSET, N.J., April 29, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology solutions for medical practices and health systems nationwide, will release its financial results for the quarter ended March 31, 2024 before the market opens on Tuesday, May 14, 2024. The Company will follow with a conference call for investors at 8:30 a.m. Eastern Time.

CareCloud To Announce First-Quarter 2024 Results on May 14, 2024

SOMERSET, N.J., April 17, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, is pleased to announce its participation in the 2024 Kansas MGMA Annual Conference, taking place from April 17-19 at the Wichita Marriott, Kansas. CareCloud will seize this opportunity to showcase its innovative solutions aimed at transforming revenue cycle management (RCM) and enhancing patient engagement within the healthcare industry.

CareCloud to Showcase Cutting-Edge Healthcare Technology Solutions at the 2024 Kansas MGMA Conference

CareCloud (CCLD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

CareCloud (CCLD) Upgraded to Buy: Here's What You Should Know

CareCloud, Inc. (CCLD) Q4 2023 Earnings Call Transcript

SOMERSET, N.J., March 21, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced financial and operational results for the year ended December 31, 2023. The Company's management will conduct a conference call with related slides today at 8:30 a.m. Eastern Time to discuss these results and management's outlook for the year.

CareCloud Reports Full Year 2023 Results

SOMERSET, N.J., March 11, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced its participation in the HIMSS Global Health Conference and Exhibition, taking place from March 11-15 in Orlando, Florida. Positioned at booth 5281, CareCloud will use this opportunity to showcase its state-of-the-art generative AI solutions, alongside its other products and services for physician practices.

CareCloud to Showcase its Generative AI Solutions and Tech-Enabled RCM at the 2024 HIMSS Conference and Exhibition

SOMERSET, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- CareCloud , Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced its participation in the premier digital health event, ViVE 2024, which will be held at the Los Angeles Convention Center February 25th to February 28th, 2024. Located at booth V-844 at South Hall, CareCloud will showcase its cutting-edge solutions, including CareCloud Force, featuring advanced staff augmentation capabilities. The Company will showcase its award-winning Concierge-RCM service, including comprehensive revenue cycle management (RCM) support, and Wellness, a cornerstone of CareCloud's holistic healthcare approach.

CareCloud to Unveil Cutting-edge Healthcare Solutions at Vive 2024, Showcasing Innovation and Leadership in Digital Health

SOMERSET, N.J., Feb. 01, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health care technology solutions for medical practices and health systems nationwide, today announced that Pediatric Associates of Dayton, a practice managed by CareCloud, is now integrated into the Dayton Children's Hospital network.

CareCloud's Managed Practice Pediatric Associates of Dayton Joins Dayton Children's Network

Streamlining Operations and Enhancing Patient Care Through Innovative Health Tech Solutions SOMERSET, N.J., Jan. 22, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health care technology solutions for medical practices and health systems nationwide, today announced siParadigm, a visionary pathology practice, has chosen CareCloud Central , a robust practice management platform, to optimize operations and elevate the quality of patient care.

CareCloud Elevates Pathology Practice siParadigm with Cutting-Edge CareCloud Central Platform

SOMERSET, N.J., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health care technology solutions for medical practices and health systems nationwide, today announced its participation in The Arab Health Exhibition and Congress, set to take place Jan. 29 to Feb. 1, 2024, at the Dubai World Trade Centre. The event, renowned for bringing together global healthcare influencers, professionals, and exhibitors, will serve as a platform for CareCloud to showcase its cutting-edge solutions.

CareCloud Takes Center Stage at The Arab Health Exhibition and Congress 2024

New York, December 22, 2023 – Healthcare technology solutions provider, CareCloud, Inc. (Nasdaq: CCLD) has seen a jump in its share price this week. The new momentum is being driven by the company's financial and operational update, issued on Wednesday, and outlining an attractive roadmap for future growth.

PRISM Analysis: Why Did CareCloud Shares Jump This Week?

SOMERSET, N.J., Dec. 11, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc.  (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that its Board of Directors has suspended its monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") beginning with the payment scheduled for December 15, 2023. The suspension of these dividends will defer approximately $1.3 million in cash dividend payments each month. During this suspension, dividends will continue to accrue on the Series A and Series B Preferred Stock. The Board of Directors will regularly review and consider when the suspension should be lifted.

CareCloud Announces Suspension of its Dividends on Non-Convertible Series A and Series B Cumulative Redeemable Perpetual Preferred Stock

SOMERSET, N.J., Dec. 11, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced the launch of its redesigned and enhanced Therapy Solution Suite, a cutting-edge, all-in-one web-based solution poised to transform therapy and rehabilitation practice management by offering an unparalleled combination of financial, operational, and clinical efficiency.

CareCloud Launches Redesigned and Enhanced Comprehensive Solution for Rehabilitation and Therapy Practices

SOMERSET, N.J., Dec. 04, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced the appointment of Justin Pierce as its new chief sales officer (CSO). In this role, Pierce will be responsible for driving sustainable revenue growth and enhancing CareCloud's position in the rapidly evolving healthcare landscape.

CareCloud Welcomes Justin Pierce as Chief Sales Officer

SOMERSET, N.J., Nov. 29, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced Broadway Foot & Ankle Clinic, a podiatry practice in Portland, Oregon, has chosen to implement CareCloud Concierge, a tech-enabled revenue cycle management (RCM) solution.

Broadway Foot & Ankle Clinic Adds CareCloud Concierge for Tech-Enabled RCM

SOMERSET, N.J., Nov. 07, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced Ultrasound Express has chosen CareCloud's talkEHR platform to help enhance the patient experience and streamline their administrative processes.

Ultrasound Express Selects CareCloud's talkEHR for Streamlined Patient Care

SOMERSET, N.J., Nov. 03, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc.  (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that its Board of Directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") for December 2023, January 2024 and February 2024. This represents 100 consecutive months of dividends declared since the Series A Preferred Stock was initially sold in November 2015.

CareCloud Declares Dividends on Non-Convertible Series A and Series B Cumulative Redeemable Perpetual Preferred Stock

The Wendy's Company (WEN) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Nathalie Garcia - General Counsel Hadi Chaudhry - Chief Executive Officer President & Director Larry Steenvoorden - Chief Financial Officer Mahmud Haq - Founder & Executive Chairman Dwight Garvin - Executive Vice President & Chief Operating Officer, medSR Karl Johnson - President, CareCloud Force Conference Call Participants Jeffrey Cohen - Ladenburg Thalmann Neil Chatterji - B Riley Allen Klee - Maxim Group Operator Welcome to the CareCloud Inc. Third Quarter 2023 Results Conference Call. At this time, all participants will be in a listen-only mode.

CareCloud, Inc. (CCLD) Q3 2023 Earnings Call Transcript

SOMERSET, N.J., Nov. 02, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced financial and operational results for the quarter ended September 30, 2023. The Company's management will conduct a conference call with related slides today at 8:30 a.m. Eastern Time to discuss these results and management's outlook.

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