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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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.