How much funding has CareCloud raised?

CareCloud has raised $174M in total funding. Their latest funding round was Post-IPO Equity. Key investors include Tenaya Capital, Norwest Venture Partners, Intel Capital, Hercules Capital, PNC.

Where is CareCloud headquartered?

CareCloud is headquartered in Somerset, USA. The company has a team of 1001-5000 people.

When was CareCloud founded?

CareCloud was founded in 1999. It is based in Somerset, USA.

Who is the CEO of CareCloud?

Stephen Snyder is the CEO of CareCloud. The company was founded in 1999.

Where is CareCloud located?

CareCloud is headquartered in Somerset, USA.

What funding stage is CareCloud at?

CareCloud is currently at the Public stage.

How many employees does CareCloud have?

CareCloud has approximately 1001-5000 employees.

CareCloud

Category: AI in Healthcare

CareCloud is a healthcare technology company that provides a comprehensive, cloud-based platform offering clinical, financial, and patient experience solutions to medical practices. CareCloud was founded in 1999. The company is led by Stephen Snyder. Based in Somerset, USA. Team size: 1001-5000. Total funding raised: $174M. Latest round: Post-IPO Equity. Key investors include Tenaya Capital, Norwest Venture Partners, Intel Capital, Hercules Capital, PNC.

Founded: 1999
Headquarters: Somerset, USA
Team size: 1001-5000
Total funding: $174M

Value proposition

To enhance operational efficiency, improve patient care, and boost financial performance for healthcare providers through a unified, AI-powered platform.

Products and solutions

CareCloud Central: Practice Management (PM) software for scheduling and billing., CareCloud Charts: Electronic Health Record (EHR) system., CareCloud Breeze: Patient experience and engagement tool., CareCloud Concierge: Revenue Cycle Management (RCM) and back-office services., CareCloud Live: Real-time analytics and reporting., talkEHR: A comprehensive and integrated EHR and practice management solution., medSR: Healthcare IT consulting services, including implementation, optimization, and support for various EHR platforms.

Unique value

CareCloud's primary innovation lies in its comprehensive, integrated, and cloud-native platform that combines clinical, financial, and patient-facing tools. This removes the need for disparate systems and allows for a more streamlined workflow. The company is also a pioneer in applying generative AI to healthcare, aiming to automate administrative tasks and provide decision support to clinicians.

Target customer

Medical groups, physicians' practices, and other healthcare organizations of all sizes, with a focus on ambulatory care settings.

Industries served

Healthcare

Technology advantage

CareCloud's key advantage is its unified cloud-based platform that is flexible, scalable, and accessible from anywhere. This architecture allows for seamless data flow between different modules (EHR, PM, RCM), which improves efficiency and reduces errors. The company's focus on user experience and its early adoption of AI and machine learning technologies provide a competitive edge.

How they differentiate

CareCloud differentiates itself by offering a comprehensive, cloud-based platform that integrates electronic health records (EHR), practice management, and medical billing software. A key differentiator is its focus on AI-powered solutions, including AI-driven clinical documentation, to enhance efficiency for healthcare providers. The company also provides a suite of technology-enabled services, such as revenue cycle management (RCM), to help medical practices optimize their financial performance.

Main competitors

AthenaHealth, Greenway Health, NextGen Healthcare

Key partnerships

Google Cloud: A strategic partnership to integrate generative AI capabilities into CareCloud's solutions, aiming to enhance operational efficiency for ambulatory practices., Zocdoc: A collaboration to help doctors attract new patients and streamline the appointment booking process., Iron Bridge: A partnership to enhance interoperability and data exchange between healthcare systems., Amazon Web Services (AWS): CareCloud leverages AWS for its cloud infrastructure, ensuring scalability and reliability.

Notable customers

Sanova Dermatology, High-growth medical groups across nearly 40 specialties

Major milestones

Acquired by MTBC in 2020, Launched a dedicated AI Center of Excellence with the goal of scaling to 500 AI specialists, Achieved first quarter of positive GAAP EPS in the company's history since going public, Completed several strategic acquisitions to expand its service offerings and market reach

Growth metrics

CareCloud has reported record-breaking net income and a return to GAAP profitability. The company has also seen significant growth in its client base and revenue, driven by both organic growth and strategic acquisitions.

Market positioning

CareCloud is positioned as a leading provider of cloud-based and AI-powered healthcare solutions for high-growth medical groups and various medical specialties. The company targets a wide range of healthcare organizations, from small practices to large hospital systems, with a focus on providing a modern, integrated platform to improve operational, financial, and clinical outcomes.

Geographic focus

CareCloud's primary geographic focus is the United States. The company is headquartered in Somerset, New Jersey, and its services are tailored to the US healthcare market.

Patents and IP

CareCloud Corporation has been assigned patents for its technology. Specific details can be found on patent databases like Justia Patents.

About Stephen Snyder

Stephen Snyder joined the company in 2005 as General Counsel, later serving as COO, Chief Strategy Officer, President, and Co-CEO before becoming sole CEO on January 1, 2026. He has led the company through its IPO, nearly 20 acquisitions, and strategic growth initiatives.

Official website: https://carecloud.com/