CareCloud Raises $15M in Venture Capital Funding

CareCloud, a Miami, Florida-based provider of cloud-based practice management, electronic health record (EHR), and medical billing software and services, raised $15m in venture capital funding.The company intends to use the funds to advance product innovation and customer success.Led by newly appointed CEO Ken Comée, a veteran of enterprise cloud technology businesses, who replaced Albert Santalo, who will remain at CareCloud as Chairman and Chief Strategy Officer, CareCloud provides cloud-based practice management, electronic health record (EHR), and medical billing software and services for medical groups to increase collections, streamline operations, and improve patient care.The company’s products are connecting providers to one another – and to their patients – through an integrated digital healthcare ecosystem that can be accessed on any browser or device.CareCloud currently serves physicians in 48 states managing more than $4 billion in annualized accounts receivables on behalf of its revenue cycle management clients.