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CareCloud
About
CareCloud, Inc., formerly MTBC, provides cloud-based technology-enabled software and services for medical practices in the US.
- 1001 - 5000
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- $25.50M
- Industries
- Cloud Computing,Electronic Health Record (EHR),Health Care,Information Technology
- Founded date
- Jan 1, 1999
- Number Of Employee
- 1001 - 5000
- Operating Status
- Active
CareCloud provides cloud-based revenue cycle management (RCM), practice management (PM), electronic health record (EHR), and patient engagement solutions for medical groups. It helps clients increase profitability, streamline workflow, and improve patient care nationwide. They provide a suite of apps that make data, and insights from that data, actionable in real-time. The company's data-driven tools make sense of the complex financial, administration, and outcomes components essential to providing and demonstrating value and achieving satisfaction.The company currently manages more than $4 billion in annualized accounts receivable on its integrated clinical and financial platform.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Nov 15, 2016 | Post-IPO Equity | $31.50M | 1 | — | — | Detail |
| Apr 23, 2015 | Post-IPO Equity | $15M | 1 | — | — | Detail |
| Jun 26, 2014 | Debt Financing | $25.50M | 1 | — | — | Detail |
| Jun 18, 2013 | Series B | $20M | 1 | — | — | Detail |
| Sep 26, 2011 | Series A | $20.10M | 1 | — | — | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
Norwest Venture Partners
|
— | Post-IPO Equity |
Hercules Capital
|
— | Debt Financing |
