CareCloud
Latest round
- Series C
Last raised
- Oct 2016
Total raised
- $105M
Investors
- 9
About CareCloud
CareCloud, Inc.Founded in 2009 and headquartered in Somerset, US, CareCloud, Inc. specializes in healthcare management solutions. The company has undergone strategic pivots to focus on tech-driven services.00 mn from Silicon Valley Bank.CareCloud provides innovative healthcare solutions designed to streamline operations within medical practices. Their core product offerings include cirrusAI, a suite of ambient listening and generative AI tools that automate clinical note generation and enhance electronic health records (EHR). This technology captures real-time patient-provider conversations, converting them into clinical documentation and storing the information directly in EHR systems, thereby allowing healthcare providers to focus more on patient care rather than administrative tasks. Additionally, cirrusAI Appeals facilitates the generation of customized appeal letters for claims, optimizing revenue recovery for practices.CareCloud generates revenue through a subscription-based model, offering its suite of services to healthcare providers and practices. Clients typically engage with CareCloud by subscribing to their EHR solutions and medical coding services, which includes ongoing support and updates to ensure compliance and efficiency. The transactions are structured around service agreements that may encompass various tiers of service based on the needs of the client, which allows for scalable solutions tailored to different practice sizes. Key products such as cirrusAI and their medical coding services drive revenue growth, with health providers relying on accurate coding and documentation to enhance cash flow and minimize claim denials.In February 2023, CareCloud, Inc. Plans for future expansion include the development of new features within the cirrusAI suite and targeting international markets to enhance their service offerings. Specific markets for potential expansion are not detailed, but the emphasis is on reaching more healthcare providers globally.
Who invested in CareCloud
9 investors across 6 rounds
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Questions about CareCloud
Who invested in CareCloud?
CareCloud has 9 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CareCloud raised?
CareCloud has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did CareCloud last raise money?
CareCloud's most recent round on record is a Series C, in Oct 2016.
What does CareCloud do?
CareCloud is a healthcare it company.
Where is CareCloud headquartered?
CareCloud is headquartered in Somerset, US.
Which VCs invest in companies like CareCloud?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at CareCloud's stage. Their profiles are linked below.
VCs backing healthcare it startups at Series C
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