CareCloud, Inc. (CCLD)
CareCloud, Inc. operates in the Medical - Healthcare Information Services industry of the Healthcare sector, headquartered in Somerset, NJ, US. The stock last traded at $2.46, up 0.82% on the session, giving a market capitalisation of $104.5M. On trailing twelve-month figures it carries a trailing P/E of 35.24, a net margin of 6.2%. Its beta of 1.52 implies it has historically moved more than the broad market.
CareCloud, Inc. operates as a specialized healthcare technology firm, delivering a comprehensive portfolio of cloud-powered solutions and related professional services. Its primary clientele consists of medical providers and hospitals throughout the United States. The company strategically organizes its activities into two core divisions: Healthcare IT and Medical Practice Management. Through its Software-as-a-Service (SaaS) platform, CareCloud provides essential tools for managing revenue cycles, administering practices, handling electronic health records, gleaning business insights, facilitating telehealth, and enhancing patient engagement. These offerings, complemented by various software utilities and tailored business services, are designed to empower diverse medical groups and health systems. Professionals such as doctors, nurses, physician assistants, and other clinical staff who render billable services are among its key users. Established in 1999 and based in Somerset, New Jersey, the entity was originally named MTBC, Inc. before officially adopting CareCloud, Inc. in March 2021.
CareCloud, Inc. is most often compared with the following Healthcare names: