March 2024

INVESTOR FACT SHEET

A leading provider of technology-enabled services and solutions that redefine the healthcare revenue cycle

HIGHLIGHTS

  • 2024 will be a transitional year marked by operational efficiency, profitability improvement, and the generation of free cash flow
  • Cloud-basedhealthcare IT platform streamlines workflow, increases revenue, and decreases expenses for customers
  • CareCloud Wellness is expecting strong uptake among providers driven by a paradigm shift towards preventive medicine and value- based care
  • CareCloud continues to encompass cutting edge solutions that are ahead of the curve. Most recently introduced cirrusAI Notes

Focus on Profitability

$18M

$13M

Total Annualized

Annualized Cost

Committed to

reinstating the

Cost Savings

Savings in 2024

preferred stock

dividend

TECHNOLOGY-ENABLED RCM SOLUTIONS

TECHNOLOGY-ENABLED RCM

CLOUD-BASED SOFTWARE

DIGITAL HEALTH

Revenue Cycle Management

Electronic Health Records

Chronic Care Management

Medical Coding

Practice Management Software

Remote Patient Monitoring

Provider Credentialing

Patient Experience Management

Telemedicine Solutions

Artificial Intelligence

Business Intelligence

Robotic Process Automation

Customized Cloud Applications

Interoperability

HIT CONSULTING & STAFFING

MEDICAL PRACTICE MANAGEMENT

Workforce Augmentation

Home Healthcare

Release of Information

IT Transformation Consulting

Group Purchasing Organization

Strategic Advisory Services

Professional Services

Hospital RCM Optimization

Print Fulfillment

Activation as a Service

INVESTOR FACT SHEET

COMPETITIVE ADVANTAGES

Technology Platform

Global Team

Significantly lower labor costs via >3,000 English-speaking, college educated, employees in Pakistan and Sri Lanka

March 2024

20+ Years of

Experience

  • Scalable model with recurring revenue
  • Proven leadership team
  • Deep healthcare industry knowledge and expertise
  • Track record of operating cost reductions, platform enhancement

LEADERSHIP TEAM

Former CEO of Compass International Services

Mahmud Haq

(Nasdaq: CMPS) and VP of Global Risk

Management, American Express

Founder &

B.S., Aviation Management, Bridgewater State

Executive Chairman

College. M.B.A., Finance, Clark University

A. Hadi Chaudhry

Joined in 2002. Previously held various roles

in banking & IT sectors

President, Chief Executive

B.S., Mathematics & Statistics; numerous IT

Officer & Director

certifications

BOARD OF DIRECTORS

Mahmud Haq

A. Hadi Chaudhry

Anne Busquet

Board member, Pitney Bowes, Intercontinental Hotels Former President, American Express Interactive Services

John Daly

Former EVP and Director of E.F. Hutton & Company

Bill Korn

Former Chief Financial Officer, CareCloud

Board member, Jerash Holdings (US), Inc.

Former IBM executive

Norman Roth

Chief Financial Officer and Corporate Controller

  • More than 30 years of accounting experience, including positions at WWOR-TV and Ernst & Young
  • B.A., Rutgers College. M.B.A., Taxation, Fairleigh Dickinson University

Cameron Munter

Sr. Advisor, Agora Strategy Group (Berlin)

Former U.S. Ambassador to Pakistan

Lawrence Sharnak

Former EVP American Express Company

Board of Advisors, Cinch Home Services

Former Board member Teach for America New Jersey, A+ for Kids

This Fact Sheet does not constitute a solicitation of the purchase or sales of securities. It contains forward-looking statements within the meaning of the federal securities laws. These statements relate to anticipated future events, future results of operations or future financial performance. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Although we believe that the expectations reflected in the forward-looking statements contained in this Fact Sheet are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. The statements in this Fact Sheet are made as of the date of this Fact Sheet, and the Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

CareCloud Contacts

Bill Korn

ir@carecloud.com

Corporate

Investor Relations

carecloud.com

ir.carecloud.com

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Disclaimer

CareCloud Inc. published this content on 21 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 22:00:10 UTC.