CareCloud Inc. Preferred Stock 8.75% PERP (CCLDP)

Overview

CareCloud, Inc., originally established as MTBC, Inc., is a pioneering healthcare information technology (IT) company that specializes in delivering a robust suite of cloud-based solutions and associated business services. Primarily operating within the United States, CareCloud caters to healthcare providers and hospitals, facilitating smoother operations across two main segments: Healthcare IT and Medical Practice Management. Founded in 1999 and having its headquarters situated in Somerset, New Jersey, the company represents a blend of innovation and expertise in the healthcare IT domain. After rebranding to CareCloud, Inc. in March 2021, the company has continued to evolve its offerings, aiming to improve the healthcare industry's efficiency, accessibility, and quality of care through its advanced technology solutions and services.

Products and Services

CareCloud, Inc. offers a comprehensive array of products and services designed to address the myriad needs of healthcare providers and hospitals. These include:

• Technology-Enabled Business Solutions: Featuring revenue cycle management services, healthcare claims clearinghouse, and medical coding and credentialing services, these solutions aim to streamline financial and administrative operations for healthcare providers.
• Cloud-Based Software: This includes electronic health records and practice management software among others, providing essential tools for patient and practice management through secure and accessible platforms.
• Digital Health Services: CareCloud extends its technologies to support digital health initiatives like telemedicine, promoting accessible and efficient patient care remotely.
• Healthcare IT Professional Services and Staffing: Offering professional and consulting services, workforce augmentation, and on-demand staffing, the company supports healthcare organizations in maintaining a proficient workforce.
• Medical Practice Management Services: This comprehensive service supports medical practices by offering facilities, equipment, supplies, support services, as well as administrative assistance, thereby allowing practitioners to focus on patient care.
• Artificial Intelligence (AI) Solutions: With offerings like CareCloud cirrusAI, AI-powered clinical decision support, virtual assistant, and AI-driven appeals, CareCloud is at the forefront of integrating AI technologies to enhance healthcare delivery and decision-making processes.
• Data Analytics and Customized Applications: Including business intelligence, healthcare analytics platforms, and customized applications, these services empower healthcare providers with actionable insights and tailored technology solutions.
• Chronic Care Management and Remote Patient Monitoring: Through these services, CareCloud enables healthcare providers to offer continuous care for patients with chronic conditions and monitor patients' health remotely, ensuring timely interventions and better management of health conditions.